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 April 12, 2018 update (reflecting data through April 6, 2018) is -.896. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …

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April 2018 IMF Report – Probabilities Of Recession And Deflation

The International Monetary Fund (IMF) recently published the April 2018 “World Economic Outlook.”  The subtitle is ”Cyclical Upswing, Structural Change.” One area of the report is Figure 1.22 on page 24.  While I do not agree with the current readings of the two measures presented – Probability of Recession and the Probability of Deflation – …

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Charts Indicating Economic Weakness – April 2018

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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Disturbing Charts (Update 30)

I find the following charts to be disturbing.   These charts would be disturbing at any point in the economic cycle; that they (on average) depict such a tenuous situation now – 106 months after the official (as per the September 20, 2010 NBER BCDC announcement) June 2009 end of the recession – is especially notable. These …

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The April 2018 Wall Street Journal Economic Forecast Survey

The April 2018 Wall Street Journal Economic Forecast Survey was published on April 12, 2018.  The headline is “Powerful Forces Seen Restraining U.S. Pay Growth.” I found numerous items to be notable – although I don’t necessarily agree with them – both within the article and in the “Economist Q&A” section. An excerpt: A majority …

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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 April 5, 2018 update (reflecting data through March 30, 2018) is -.919. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …

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Four Charts Of Recent S&P500 Price Volatility – April 9, 2018

This post is an update to past posts regarding stock market volatility. While I track many different measures of volatility, I find the following charts to be both simple and clear in depicting the recent volatility in the stock market. Overall, my analyses indicates that there are many reasons for this volatility, and the volatility is …

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Building Financial Danger – April 9, 2018 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 in this site concerning both ongoing and recent “negative developments.”  These developments, as well as other exceedingly problematic conditions, have presented a highly perilous economic environment …

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