America's Economic Future – A Discussion By Ted Kavadas
In this post I will make a few (belated) comments regarding QE3, as announced by Ben Bernanke on Thursday. I highlighted notable aspects of that Press Conference, as well as provided links to the transcript, economic projections and FOMC Statement in the September 15 post (“Ben Bernanke’s September 13, 2012 Press Conference – Notable Aspects“) …
On September 11 the September Duke/CFO Magazine Global Business Outlook Survey (pdf) was released. It contains a variety of statistics regarding how CFOs view business and economic conditions. In this CFO Survey, I found the following to be notable excerpts: U.S. CFOs are growing more pessimistic about the American economy, with hiring and spending plans significantly weakening since …
On Thursday, September 13, 2012 Ben Bernanke gave his scheduled press conference. Below are Ben Bernanke’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 Chairman Bernanke’s Press Conference“(preliminary)(pdf) of September 13, 2012, with …
As I stated in my July 12, 2010 post (“ECRI WLI Growth History“): For a variety of reasons, I am not as enamored with ECRI’s WLI and WLI Growth measures as many are. However, I do think the measures are important and deserve close monitoring and scrutiny. The movement of the ECRI WLI and WLI, …
On March 28, 2011 I wrote a post (“The STLFSI“) about the STLFSI (St. Louis Fed’s Financial Stress Index) which is supposed to measure stress in the financial system. For reference purposes, the most recent chart is seen below. This chart was last updated on September 13, incorporating data from December 31,1993 to September 7, …
The September Wall Street Journal Economic Forecast Survey was published on September 13, 2012. The headline is “Economists Are Uncertain More Fed Moves Will Work.” The commentary largely focuses on what impact another round of large-scale asset purchases would have on the economy. An excerpt: The forecasters didn’t see big benefits from a new Fed …
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 …
Yesterday saw the release of “Income, Poverty, and Health Insurance Coverage in the United States, 2011″ (pdf) from the U.S. Census Bureau. As seen on page 5: Median household income was $50,054 in 2011, a 1.5 percent decline in real terms from 2010. This was the second consecutive annual decline in household income. In 2011, real median …
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 6, 2012: Year 2012 estimates add to the following: -From a “bottom up” perspective, operating earnings of $101.66/share …
In the August 9, 2011 post (“QE3 – Various Thoughts“) I posted a chart that depicted the movements of the S&P500, 10-Year Treasury Yield and the Fed Funds rate spanning the periods of various Federal Reserve interventions since 2007. For reference purposes, here is an updated chart from Doug Short’s blog post of September 7 …