Consumer Confidence Surveys – As Of August 31, 2021

Advisor Perspectives had a post of August 31, 2021 (“Consumer Confidence Fell in August“) 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 readings …

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House Prices Reference Chart

As a reference for long-term house price index trends, below is a chart, updated with the most current data (through June) from the CalculatedRisk blog post of August 31, 2021 titled “Case-Shiller : National House Price Index increased 18.6% year-over-year in June“: _________ I post various indicators and indices because I believe they should be …

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Corporate Profits As A Percentage Of GDP

In the last post (“2nd Quarter 2021 Corporate Profits“) I displayed, for reference purposes, a long-term chart depicting Corporate Profits After Tax. There are many ways to view this measure, both on an absolute as well as relative basis. One relative measure is viewing Corporate Profits as a Percentage of GDP.  I feel that this …

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2nd Quarter 2021 Corporate Profits

Today’s (August 26, 2021) GDP release (Q2 2021, Second Estimate) was accompanied by the Bureau of Economic Analysis (BEA) Corporate Profits report (Preliminary Estimate) for the 2nd Quarter. Of course, there are many ways to adjust and depict overall Corporate Profits.  For reference purposes, here is a chart from the St. Louis Federal Reserve (FRED) …

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Money Supply Charts Through July 2021

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: Before 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 …

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Updates Of Economic Indicators August 2021

The following is an update of various indicators that are supposed to predict and/or depict economic activity. These indicators have been discussed in previous blog posts: The August 2021 Chicago Fed National Activity Index (CFNAI) updated as of August 23, 2021: The CFNAI, with a current reading of .53: source:  Federal Reserve Bank of Chicago, Chicago Fed National …

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The U.S. Economic Situation – August 23, 2021 Update

Perhaps the main reason that I write of our economic situation is that I continue to believe, based upon various analyses, that our economic situation is in many ways misunderstood.  While no one likes to contemplate a future rife with economic adversity, current and future economic problems must be properly recognized and rectified if high-quality, …

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