America's Economic Future – A Discussion By Ted Kavadas
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 …
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, 2020 NBER BCDC declaration of U.S. …
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 …
Advisor Perspectives had a post of March 30, 2021 (“Consumer Confidence Highest In A Year“) 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) – While I don’t believe that confidence surveys should be overemphasized, I find these …
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 February 2021, updated on March 24, 2021. This value is $254,004 ($ Millions): (click on charts to …
For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the M1, defined in FRED as the following: Beginning May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those …
I have written extensively about the importance of U.S. interest rate levels. Rising interest rates have substantial ramifications for many aspects of the current-day economy. My commentaries with regard to interest rates and the bond bubble are largely found under the “bond bubble” tag. From an intervention perspective commentary is found under the “Intervention” …
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 …
For reference purposes, here is Total Household Net Worth from a long-term perspective (from 1945:Q4 through 2020:Q4). The last value (as of the March 11, 2021 update) is $130.154587 Trillion: (click on each chart to enlarge image) – Also of interest is the same metric presented on a “Percent Change from a Year Ago” basis, …
The following chart is from the CalculatedRisk post of March 11, 2021 titled “Fed Flow of Funds: Household Net Worth Increased $6.9 Trillion in Q4.” It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from the Federal Reserve’s Z.1 report, “Financial Accounts of the United States“: (click on chart …