Authored by Steven Hansen
EconCurrent‘s Economic Index improved and remains in positive territory. We do not see a recession baked in but there are now three major indicators signaling a recession Read on to understand the currents affecting our economic growth.
Written by Steven Hansen
The Federal Reserve data release (Z.1 Flow of Funds) – which provides insight into the finances of the average household – shows a decline in average household net worth and an improvement in income. Our modeled “Joe Sixpack” – who owns a house and has a job, but essentially no other asset – is worse off than he was last quarter.
Authored by Steven Hansen
EconCurrent‘s Economic Index was insignificantly changed but remains in positive territory. U.S. tax receipts are now suggesting a recession Read on to understand the currents affecting our economic growth.
Click on the “Read More” below to access the economic releases and headlines, with their associated summaries..
Authored by Steven Hansen
EconCurrent‘s Economic Index modestly improved but remains in positive territory. Are more bank failures on the horizon? Read on to understand the currents affecting our economic growth.
The Congressional Budget Office has produced a paper entitled “The U.S. Dollar as an International Currency and Its Economic Effects” which they summarized as follows:
The U.S. dollar plays an important role as the most widely used currency in global goods, services, and financial markets. Strong international demand for U.S. dollars and dollar-denominated assets associated with the dollar’s status as an international currency has increased the value of the dollar in foreign exchange markets and the value of dollar-denominated assets in financial markets. As a result, the dollar’s status has contributed to persistent U.S. trade deficits and, by lowering interest rates, to increased access to credit for U.S. households, businesses, and the federal government. Over the next decade, the dollar’s international use is expected to decline very gradually, in the Congressional Budget Office’s assessment, but it will not be overtaken by either of its closest competitors, the euro or the Chinese renminbi.
Authored by Steven Hansen
EconCurrent‘s Economic Index insignificantly improved but has barely returned to positive territory. What interesting events over this past month including the banking failures? Read on to understand the currents affecting our economic growth.
Written by Steven Hansen
The Federal Reserve data release (Z.1 Flow of Funds) – which provides insight into the finances of the average household – shows improvement in average household net worth. Our modeled “Joe Sixpack” – who owns a house and has a job, but essentially no other asset – is worse off than he was last quarter.
Authored by Steven Hansen
EconCurrent‘s Economic Index continues to improve but remains slightly in negative territory. Interestingly, there continues to be improvement in the economic releases we view. Even industrial production and retail sales insignificantly gained. Yet, there is a potential chill in the air caused by inflation uncertainties. Read on to understand the currents affecting our economic growth.
Authored by Steven Hansen
EconCurrent‘s Economic Index improved this month but continues to show weak growth. There is a general economic weakness across the board EXCEPT in the area of government and employment. However, except for industrial production (and possibly retail sales) – the data is showing few signs that a recession is coming. Read on to understand the currents affecting our economic growth.