America's Economic Future – A Discussion By Ted Kavadas
Yesterday saw the release of “Income, Poverty, and Health Insurance Coverage in the United States, 2011″ (pdf) from the U.S. Census Bureau. As seen on page 5: Median household income was $50,054 in 2011, a 1.5 percent decline in real terms from 2010. This was the second consecutive annual decline in household income. In 2011, real median …
In the August 9, 2011 post (“QE3 – Various Thoughts“) I posted a chart that depicted the movements of the S&P500, 10-Year Treasury Yield and the Fed Funds rate spanning the periods of various Federal Reserve interventions since 2007. For reference purposes, here is an updated chart from Doug Short’s blog post of September 7 …
GDP is an economic measure that I rarely mention in this blog, as I believe that, for a variety of reasons, it is a complex indicator that has various computational, structural and theoretical limitations, and as such should be used with caution. However, given its prominence (or perhaps dominance) in policy making and near-ubiquity in …
On September 4, Gallup released the poll results titled “Economic Confidence in August Ties 2012 Low.” The subtitle is “U.S. economic outlook lowest since December 2011; still better than year ago.” Two of the most notable excerpts: The Gallup Economic Confidence Index registered -27 in August, matching the prior monthly low for the year, recorded in …
Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, here are a few charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through July, last updated on August 24. This value is 230,733 ($ Millions) : (click on charts …
I find the following charts to be disturbing. These charts would be disturbing at any point in the economic cycle; that they depict such a tenuous situation now – 38 months after the official (as per the 9-20-10 NBER announcement) June 2009 end of the recession – is especially notable. These charts raise a lot …
I found various notable items in Walmart’s Q2 2013 earnings call transcript (pdf) dated August 16, 2012. I view Walmart’s results and comments as particularly noteworthy given their retail prominence and focus on low prices. I have previously commented on their quarterly conference call comments; these previous posts are found under the “paycheck to paycheck” tag. Here are various excerpts …
On August 7, Gallup released the poll results titled “Economic Confidence Slips in July, for Second Month in a Row.” The subtitle is “Economic outlook falls to a new 2012 low.” Two of the most notable excerpts: Gallup’s Economic Confidence Index averaged -26 in July, a decline from -22 in June, and close to the 2012 …
This post is the latest update to a series of blog posts seen on the CalculatedRisk.com blog. The original blog post of April 12, 2010, is titled “Recession Measures.” In it, Bill discussed key measures that the NBER uses to determine recoveries, and posted four charts. Here are those charts, updated in his August 5, 2012 post titled “Update: …
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 second quarter of 2012, and were last updated as of July 27, 2012. As one can see, two of the three measures are at all-time …