Small Business Optimism

October 13, 2020 Small business optimism rose jumped 3.8 points in September to 104.0 after rising1.4 points in August.  But this series fell a total of 13.6 points in March and April to a low of 90.9 but it has come roaring back and is now at the same level it was in...

Trade Deficit

October 6, 2020 The trade deficit for August widened by $3.7 billion to a record $67.1 billion after having widened by $10.0 billion in July.  But what is important to us that both exports and imports rose in August which is a sign that both the U.S. economy as well...

Corporate Profits

September 30, 2020 Corporate profits before tax with inventory valuation and capital consumption adjustments fell 10.1%% in the second quarter after having declined 13.8% in the second quarter.  During the last year profits on this basis has declined 20.1%.  The IVA...

S&P 500 Stock Prices

June 4, 2020 The corona virus has wreaked havoc on stock prices since mid-February.  After hitting a high of 3,380 in mid-February the market plunged by,1000 points or 32% in five weeks to a low of 2,304 in mid-March. But then the virus began to show some signs of...

Corporate Leverage

December 4, 2019 Economists like to keep an eye on the amount of leverage amongst corporations.  When corporations take on huge amounts of debt in relation to their net worth, any economic downturn will be much more severe than it would otherwise be as corporations...

Corporate Cash

December 4, 2019 Corporate cash holdings rose $226 billion in the third quarter to $3.00 trillion (above).  At 11.1% they are significantly higher than their long-run average of 9.8% of non-financial assets (below). Stephen Slifer NumberNomics Charleston,...