Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system.  Its reading as of the January 9, 2020 update (reflecting data through January 3, 2020) is -1.419. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and …

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Charts Indicating Economic Weakness – January 2020

U.S. Economic Indicators Throughout this site there are many discussions of economic indicators.  At this time, the readings of various indicators are especially notable.  This post is the latest in a series of posts indicating U.S. economic weakness or a notably low growth rate. While many U.S. economic indicators – including GDP – are indicating economic growth, others …

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CEO Confidence Surveys 4Q 2019 – Notable Excerpts

On January 7, 2020, The Conference Board released the 4th Quarter Measure Of CEO Confidence.   The overall measure of CEO Confidence was at 43, up from 34 in the third quarter. [note:  a reading of more than 50 points reflects more positive than negative responses] Notable excerpts from this January 7, 2020 Press Release include: CEOs …

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Average Hourly Earnings Trends

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 …

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U-3 And U-6 Unemployment Rate Long-Term Reference Charts As Of January 10, 2020

Shortly after each monthly employment report I have been posting a continual series titled “3 Critical Unemployment Charts.” Of course, there are many other employment charts that can be displayed as well. For reference purposes, below are the U-3 and U-6 Unemployment Rate charts from a long-term historical perspective.  Both charts are from the St. …

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3 Critical Unemployment Charts – January 2020

As I have commented previously, as in the October 6, 2009 post (“A Note About Unemployment Statistics”), in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction; they serve to understate the severity of unemployment. However, even if one chooses to look at the …

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Deflation Probabilities – January 9, 2020 Update

While I do not agree with the current readings of the measure – I think the measure dramatically understates the probability of deflation, as measured by the CPI – the Federal Reserve Bank of Atlanta maintains an interesting data series titled “Deflation Probabilities.” As stated on the site: Using estimates derived from Treasury Inflation-Protected Securities …

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Deloitte “CFO Signals” Report Q4 2019 – Notable Aspects

Recently Deloitte released their “CFO Signals” “High-Level Summary” report for the 4th Quarter of 2019. As seen in page 3 of the report, there were 147 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 respondents are …

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Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system.  Its reading as of the January 2, 2020 update (reflecting data through December 27, 2019) is -1.40. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and …

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Building Financial Danger – January 8, 2020 Update

My overall analysis indicates a continuing elevated and growing level of financial danger which contains many worldwide and U.S.-specific “stresses” of a very complex nature. I have written numerous posts on this site concerning both ongoing and recent “negative developments.”  These developments, as well as other exceedingly problematical conditions, have presented a highly perilous economic environment …

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