America's Economic Future – A Discussion By Ted Kavadas
Yesterday, President Obama delivered an address in large part concerning the credit downgrade and the economy. (The transcript is seen at WhiteHouse.gov titled “Remarks by the President“) Although I don’t agree with many aspects of the speech, I found various parts of this speech to be notable. Here are various facets that I found particularly …
In the July 7 post (“Evaluating QE2“) I mentioned that “…I believe that QE3 or something very similar will be done in the future.” There are many reasons for this belief. Among the reasons for additional QE include the recent market tumult, visibly weakening economy, and various confidence measures that have nosedived. My belief in …
U.S. Dollar weakness is a foremost concern of mine. As such, I have extensively written about it. I am very concerned that the actions being taken to “improve” our economic situation will dramatically weaken the Dollar. Should the Dollar substantially decline from here, as I expect, the negative consequences will far outweigh any benefits. The negative impact …
As I have commented previously, as in the October 6, 2009 post, in my opinion the official methodologies used to measure the various job loss and unemployment statistics do not provide an accurate depiction; they serve to understate the severity of unemployment. However, even if one chooses to look at the official statistics, the following charts …
In the June 16 post (“The S&P500 Since 2007”) I displayed an annotated chart of the S&P500. In that post I stated the following: As one can see from the chart, one interpretation that can be made is that of a (completed) “Cup & Handle” chart formation as denoted by the green line. I have …
This post is the latest update to a series of blog posts seen on the CalculatedRisk.com blog. The original blog post of April 12, 2010, is titled “Recession Measures.” In it, Bill discussed key measures that the NBER uses to determine recoveries, and posted four charts. Here are those charts, updated in his August 2, 2011 post. The charts …
The following chart is annotated by Ron Walker, of thechartpatterntrader.com : (click on chart to enlarge image)(chart courtesy of StockCharts.com) As one can see, it is a chart of the S&P500 on a daily basis since March of 2009. Yesterday’s closing price of the S&P500 (1286.94) is very near the black rising trendline from the March …
The next new blog post is scheduled for Tuesday, August 2…
Here is an update on various indicators that are supposed to predict and/or depict economic activity. These indicators have been discussed in previous blog posts: The July Chicago Fed National Activity Index (CFNAI)(pdf) updated as of July 25, 2011: – The Consumer Metrics Institute Contraction Watch: – The USA TODAY/IHS Global Insight Economic Outlook Index: An excerpt …
On July 21, Gallup released a poll titled “U.S. Economic Confidence Sinks to Lowest Level Since March ’09.” A few notable excerpts: Americans’ economic confidence plunged last week to its lowest weekly level since March 2009. Gallup’s Economic Confidence Index fell to -41 in the week ending July 17 — down from -34 the prior …