America's Economic Future – A Discussion By Ted Kavadas
In the last post (“Total Household Net Worth As A Percent Of GDP 1Q 2017“) 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 1945:Q4 through 2017:Q1). The last value (as of the June 8, …
The following chart is from the CalculatedRisk post of June 8, 2017 titled “Fed’s Flow of Funds: Household Net Worth increased in Q1.” 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 to enlarge image) As seen in …
On June 6, 2017 Gallup released the poll results titled “Confidence In Economy in May Lowest Since November 2016.” Notable excerpts include: Though still historically high, Americans’ confidence in the economy fell to a six-month low in May, largely dragged down by Democrats’ worsening economic attitudes. Gallup’s U.S. Economic Confidence Index averaged a score of …
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 …
Doug Short had a blog post of May 30, 2017 (“Michigan Consumer Confidence Down, Remains Optimistic“) in which he presents 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 …
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 April 2017, updated on May 26, 2017. This value is $231,168 ($ Millions): (click on charts to …
I have written many blog posts concerning the worrisome trends in income and earnings. Doug Short, in his May 23, 2017 post titled “April Real Median Household Income Shows Encouraging Growth,” produced the chart below. It is based upon data from Sentier Research, and it shows both nominal and real median household incomes since 2000, as …
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 …
I found various notable items in Walmart’s Q1 2018 management call transcript (pdf) dated May 18, 2017. (as well, there is Walmart’s press release of the Q1 results and related presentation materials) 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 management call comments; these previous posts …
The Chicago Fed National Activity Index (CFNAI) and the Aruoba-Diebold-Scotti Business Conditions Index (ADS Index) are two broad-based economic indicators that I regularly feature in this site. The short-term and long-term trends of each continue to be notable. Doug Short, in his blog post of May 11, 2017, titled “The Philly Fed ADS Index Business …