America's Economic Future – A Discussion By Ted Kavadas
Many people place emphasis on Durable Goods New Orders as an economic indicator. For reference, here are a few charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through September, last updated on October 26. The last value is 200,333: – Here is the chart depicting the measure on a …
In the October 22-23 Wall Street Journal, there was an article titled “The Wild Ride Of The 1%.” This article discusses the fluctuations, and causes of fluctuations, of the wealth of the country’s most affluent. While the entire article is worthwhile reading, I found the following excerpts to be particularly notable: The American rich, who …
On October 19, Gallup released poll results titled “Americans Grow More Negative About Their Personal Finances.” I find this poll interesting for a variety of reasons; perhaps chief among them is as another indication of growing financial strain among households. A few excerpts of note: Nearly one in four U.S. adults (22%) now rate their personal …
Yesterday the New York Times had an article titled “Recession Officially Over, U.S. Incomes Kept Falling.” It discusses trends in real median family income over the last few years. While the entire article is worthwhile, here are a few excerpts I found most notable: In a grim sign of the enduring nature of the economic …
On September 8, President Obama gave the Address by the President to a Joint Session of Congress. It concerned the economy and the American Jobs Act. (I highlighted what I believed to be the most notable excerpts in a September 9 blog post titled “President Obama’s Address of September 8 2011“) In the Address, President …
In the September 18 post (“Total Household Net Worth As A Percent Of GDP 2Q 2011“) I displayed a long-term chart depicting Total Household Net Worth as a percentage of GDP. For reference purposes, here is Total Household Net Worth from a long-term perspective (from 1949:Q4 to 2011:Q2). The last value is $58.463 Trillion: The …
Yesterday CBSChicago.com had a story titled “Study Finds 1 in 5 Chicagoans Are Hungry.” Although the entire article is worthwhile, I find the following excerpts to be most notable (and disconcerting): The Greater Chicago Food Depository has, for the first time, done a neighborhood-by-neighborhood breakdown of hunger in the Chicago area. As WBBM’s Mike Krauser …
This post is an update to previous posts concerning food stamps. The program is officially called “Supplemental Nutrition Assistance Program,” or SNAP. As stated on the SNAP website, “As of Oct. 1, 2008, Supplemental Nutrition Assistance Program (SNAP) is the new name for the federal Food Stamp Program.” The data was last updated September 1, 2011, reflecting June 2011 levels. …
The following chart is from the CalculatedRisk blog post of September 16, 2011 titled “Q2 Flow of Funds: Household Real Estate assets off $6.6 trillion from peak.” It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from The Federal Reserve Flow of Funds 2Q 2011 report: (click on chart to enlarge image) …
On September 13, Gallup released a poll titled “Upper-Income Americans’ Economic Confidence Shaken.” I find this poll interesting for a variety of reasons. A few excerpts of note: Upper-income Americans’ economic confidence was badly shaken in August, with 80% saying the economy is “getting worse,” up from 66% in July. This is the first month since …