Charts Indicating Economic Weakness – August 2020

U.S. Economic Indicators Throughout this site there are many discussions of economic indicators.  This post is the latest in a series of posts indicating U.S. economic weakness or a notably low growth rate. The level and trend of economic growth is especially notable at this time. As seen in various measures and near-term projections, the U.S. economy … Read more Charts Indicating Economic Weakness – August 2020

Average Hourly Earnings Trends

I have written many blog posts concerning the worrisome trends in income and earnings. Along these lines, one of the measures showing disconcerting trends is that of hourly earnings. While the concept of hourly earnings can be defined and measured in a variety of ways, below are a few charts that I believe broadly illustrate problematic … Read more Average Hourly Earnings Trends

Consumer Confidence Surveys – As Of July 31, 2020

Advisor Perspectives had a post of July 31, 2020 (“Michigan Consumer Sentiment: July Final Sinks Further“) that displays the latest Conference Board Consumer Confidence and Thomson/Reuters University of Michigan Consumer Sentiment Index charts.  They are presented below: (click on charts to enlarge images) – There are a few aspects of the above charts that I find … Read more Consumer Confidence Surveys – As Of July 31, 2020

Employment Cost Index (ECI) – Second Quarter 2020

While the concept of Americans’ incomes can be defined in a number of ways, many prominent measures continue to show disconcerting trends. One prominent measure is the Employment Cost Index (ECI). Here is a description from the BLS document titled “The Employment Cost Index:  what is it?“: The Employment Cost Index (ECI) is a quarterly … Read more Employment Cost Index (ECI) – Second Quarter 2020

Velocity Of Money – Charts Updated Through July 30, 2020

Here are three charts from the St. Louis Fed depicting the velocity of money in terms of the MZM, M1 and M2 money supply measures. All charts reflect quarterly data through the 2nd quarter of 2020, and were last updated as of July 30, 2020. Velocity of MZM Money Stock, current value = .949: Data Source: FRED, … Read more Velocity Of Money – Charts Updated Through July 30, 2020

Real GDP Chart Since 1947 With Trendline – 2nd Quarter 2020

For reference purposes, below is a chart from the Advisor Perspectives’ post of July 30, 2020 titled “Q2 GDP Advance Estimate: Real GDP at -32.9%” reflecting Real GDP, with a trendline, as depicted.  This chart incorporates the Gross Domestic Product, Second Quarter 2020 (Advance Estimate) and Annual Update of July 30, 2020: _________ I post various indicators … Read more Real GDP Chart Since 1947 With Trendline – 2nd Quarter 2020

Durable Goods New Orders – Long-Term Charts Through June 2020

Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, below are two charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through June 2020, updated on July 27, 2020. This value is $206,873 ($ Millions): (click on charts to … Read more Durable Goods New Orders – Long-Term Charts Through June 2020

Money Supply Charts Through June 2020

For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the MZM (Money Zero Maturity), defined in FRED as the following: M2 less small-denomination time deposits plus institutional money funds.Money Zero Maturity is calculated by the Federal Reserve Bank of St. Louis. Here is the “MZM Money … Read more Money Supply Charts Through June 2020

Disturbing Charts (Update 38)

The following is the latest update of 10 charts that depict various aspects of the U.S. economic and financial situation. I find these charts portray disturbing long-term trends. These trends have been in effect for years, even during the longest U.S. economic expansion that recently ended. [The June 8 NBER BCDC declaration of U.S. recession … Read more Disturbing Charts (Update 38)

Charts Indicating Economic Weakness – July 2020

U.S. Economic Indicators Throughout this site there are many discussions of economic indicators.  This post is the latest in a series of posts indicating U.S. economic weakness or a notably low growth rate. The level and trend of economic growth is especially notable at this time. As seen in various measures and near-term projections, the U.S. economy … Read more Charts Indicating Economic Weakness – July 2020