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 March 2017 Chicago Fed National Activity Index (CFNAI) updated as of March 20, 2017: The CFNAI, with current reading of .34: Federal Reserve Bank of Chicago, Chicago Fed National …
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 March 9, 2017 update (reflecting data through March 3, 2017) is -1.335. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …
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 Chicago Fed National Activity Index (CFNAI) and the Aruoba-Diebold-Scotti Business Conditions Index (ADS Index) are two broad-based economic indicators that I regularly feature in this site. The short-term and long-term trends of each continue to be notable. Doug Short, in his blog post of March 6, 2017, titled “The Philly Fed ADS Index Business …
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 February 23, 2017 update (reflecting data through February 17, 2017) is -1.274. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …
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 January 2017, updated on February 27, 2017. This value is $230,354 ($ Millions): (click on charts to …
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 February 2017 Chicago Fed National Activity Index (CFNAI) updated as of February 23, 2017: (current reading of CFNAI is -.05; current reading of CFNAI-MA3 is -.03): – The ECRI WLI …
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 February 23, 2017 update (reflecting data through February 17, 2017) is -1.274. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …