America's Economic Future – A Discussion By Ted Kavadas
In the October 6, 2015 post (“Comparisons Of Economic And Financial Aspects – 2008 And 2015“) I discussed credit spreads and featured a chart of the spread between Moody’s Seasoned Baa Corporate Bond and the 10-Year Treasury Constant Maturity. For reference, here is an updated long-term chart of that measure, with a current reading (updated …
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 …
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 8, 2016 update (reflecting data through September 2) is -1.123. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …
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 August 25, 2016 update (reflecting data through August 19) is -1.145. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …
Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, below are two charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through July 2016, updated on August 25, 2016. This value is $228,904 ($ Millions): (click on charts to …
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 18, 2016 update (reflecting data through August 12) is -1.094. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …
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 …
Many people believe that the Yield Curve is an important economic indicator. On March 1, 2010, I wrote a post on the issue, titled “The Yield Curve As A Leading Economic Indicator.” An excerpt from that post: On the NY Fed link above, they have posted numerous studies that support the theory that the yield …
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 2016 Chicago Fed National Activity Index (CFNAI) updated as of August 22, 2016: (current reading of CFNAI is .27; current reading of CFNAI-MA3 is -.10): – The ECRI WLI …