Small Business Optimism

July 14, 2020 Small business optimism increased 6.2 points in June to 100.6 after having risen 3.5 points in May, after having fallen 5.5 points in April and 8.1 points in March which was the biggest monthly decline in the survey’s history.  Eight of the 10...

Trade Deficit

July 2, 2020 The trade deficit for April widened by $4.8 billion in May to $54.6 billion after having widened by $7.4 billion fin April and by $7.7 billion in March.  Exports fell 4.4% in May after having declined 20.5% in April while imports declined by 0.9% in April...

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 Profits

December 20, 2019 Corporate profits before tax with inventory valuation and capital consumption adjustments fell 0.2% in the third quarter after having risen 3.8% in the second quarter.  During the last year profits on this basis has declined 1.2%.  The IVA and CC...

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,...