America's Economic Future – A Discussion By Ted Kavadas
Recently Deloitte released their “CFO Signals” “High-Level Summary” report for the 3rd Quarter of 2017. As seen in page 2 of the report, there were 160 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 …
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, …
In the last post (“Total Household Net Worth As A Percent Of GDP 2Q 2017“) I displayed a long-term chart depicting Total Household Net Worth as a percentage of GDP. For reference purposes, here is Total Household Net Worth from a long-term perspective (from 1945:Q4 through 2017:Q2). The last value (as of the September 21, …
The following chart is from the CalculatedRisk post of September 21, 2017 titled “Fed’s Flow of Funds: Household Net Worth increased in Q2.” It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from the Federal Reserve’s Z.1 report, “Financial Accounts of the United States“: (click on chart to enlarge image) As seen in …
On Wednesday, September 20, 2017 Janet Yellen gave her scheduled September 2017 FOMC Press Conference. (link of video and related materials) Below are Janet Yellen’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 “Transcript of …
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 September 14, 2017 update (reflecting data through September 8, 2017) is -1.512. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …
S&P500 earnings trends and estimates are a notably important topic, for a variety of reasons, at this point in time. FactSet publishes a report titled “Earnings Insight” that contains a variety of information including the trends and expectations of S&P500 earnings. For reference purposes, here are two charts as seen in the “Earnings Insight” (pdf) report of …
As many are aware, Thomson Reuters 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 20 of the “S&P500 Earnings Scorecard” (pdf) of September 15, 2017, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts. For reference, …
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 September 13, 2017: Year 2017 estimates add to the following: -From a “bottom up” perspective, operating earnings of $127.13/share …
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 September 7, 2017 update (reflecting data through September 1, 2017) is -1.506. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …