America's Economic Future – A Discussion By Ted Kavadas
As many are aware, Refinitiv publishes earnings estimates for the S&P500. (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag) The following estimates are from Exhibit 24 of the “S&P500 Earnings Scorecard” (pdf) of March 12, 2021, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts. For reference, the …
As many are aware, Standard & Poor’s publishes earnings estimates for the S&P500. (My posts concerning their estimates can be found under the S&P500 Earnings tag) For reference purposes, the most current estimates are reflected below, and are as of March 11, 2021: Year 2021 estimates add to the following: -From a “bottom up” perspective, operating earnings of $172.00/share …
On Wednesday, March 17, 2021 FOMC Chairman Jerome Powell gave his scheduled March 2021 FOMC Press Conference. (link of video and related materials) Below are Jerome Powell’s comments I found most notable – although I don’t necessarily agree with them – in the order they appear in the transcript. These comments are excerpted from the …
The St. Louis Fed’s Financial Stress Index (STLFSI2) is one index that is supposed to measure stress in the financial system. Its reading as of the March 18, 2021 update (reflecting data through March 12, 2021) is -.6639: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI2], retrieved from FRED, Federal Reserve …
Recently Deloitte released their “CFO Signals” “High-Level Summary” report for the 1st Quarter of 2021. As seen in page 3 of the report, there were 128 survey respondents. As stated: Each quarter (since 2Q10), CFO Signals has tracked the thinking and actions of CFOs representing many of North America’s largest and most influential companies. All …
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” …
On Thursday (March 11, 2021) President Biden signed into law “The American Rescue Plan.” This is a $1.9 Trillion stimulus package. Comments that I found notable (although don’t necessarily agree with) from President Biden’s March 12, 2021 comments regarding the plan: This leg- — this legislation, as everybody has already mentioned, will provide $1,400 in …
As I stated in my July 12, 2010 post (“ECRI WLI Growth History“): For a variety of reasons, I am not as enamored with ECRI’s WLI and WLI Growth measures as many are. However, I do think the measures are important and deserve close monitoring and scrutiny. Below are three long-term charts, from Advisor Perspectives’ …
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, …