America's Economic Future – A Discussion By Ted Kavadas
For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the MZM (Money Zero Maturity), defined in FRED as the following: M2 less small-denomination time deposits plus institutional money funds. Money Zero Maturity is calculated by the Federal Reserve Bank of St. Louis. Here is the “MZM …
Here 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 2015 Chicago Fed National Activity Index (CFNAI) updated as of August 24, 2015: – The ECRI WLI (Weekly Leading Index): As of August 21, 2015 (incorporating data through August …
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 August 13, 2015 update (reflecting data through August 7) is -.989. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …
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 August 6, 2015 update (reflecting data through July 31) is -1.029. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …
While I do not agree with the current readings of the measure – I think the measure dramatically understates the probability of deflation, as measured by the CPI – the Federal Reserve Bank of Atlanta maintains an interesting data series titled “Deflation Probabilities.” As stated on the site: Using estimates derived from Treasury Inflation-Protected Securities …
There are a variety of economic models that are supposed to predict the probabilities of recession. While I don’t agree with the methodologies employed or probabilities of impending economic weakness as depicted by the following two models, I think the results of these models should be monitored. Please note that each of these models is …
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 July 30, 2015 update (reflecting data through July 24) is -1.05. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …
Here are three charts from the St. Louis Fed depicting the velocity of money in terms of the MZM, M1 and M2 money supply measures. All charts reflect quarterly data through the 2nd quarter of 2015, and were last updated as of July 30, 2015. As one can see, two of the three measures are at an …
For reference purposes, below is a chart from Doug Short’s “Q2 GDP Advance Estimate at 2.3%, Close to Mainstream Forecasts” post of July 30, 2015, depicting Real GDP, with a trendline, as depicted. This chart reflects the Gross Domestic Product Q2 2015 Advance Estimate (pdf) of July 30, 2015: _____ The Special Note summarizes my overall thoughts about our economic …
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 July 23, 2015 update (reflecting data through July 17) is -1.029. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …