Consumer Confidence Surveys – As Of May 28, 2021

Advisor Perspectives had a post of May 28, 2021 (“Michigan Consumer Sentiment…“) 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 and trends …

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Corporate Profits As A Percentage Of GDP

In the last post (“1st 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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1st Quarter 2021 Corporate Profits

Today’s (May 27, 2021) GDP release (Q1 2021, Second Estimate) was accompanied by the Bureau of Economic Analysis (BEA) Corporate Profits report (Preliminary Estimate) for the 1st 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 April 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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Total Assets On The Federal Reserve’s Balance Sheet As Of May 19, 2021

Federal Reserve and federal government intervention efforts remain a critical subject. I have written extensively about many types of interventions, including Quantitative Easing (QE) and past economic stimulus programs. Posts discussing these intervention measures can generally be found in the “Interventions” category. Various aspects and dynamics of the Federal Reserve’s balance sheet are of paramount importance. For …

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Updates Of Economic Indicators May 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 May 2021 Chicago Fed National Activity Index (CFNAI) updated as of May 24, 2021: The CFNAI, with a current reading of .24: source:  Federal Reserve Bank of Chicago, Chicago Fed National …

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The U.S. Economic Situation – May 24, 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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