Thursday, February 6, 2014

Not Good, Not Good At All

Disturbing Graphs

http://www.clevelandfed.org/research/trends/2014/0214/01houcon-1.gif

http://www.clevelandfed.org/research/trends/2014/0214/01houcon-2.gif


FRED Graph

Over leveraged again?  Earnings growth from 2006-2008 approximates earnings growth from 2009-2014. PCE was equal to earnings growth in the last quarter 2013, with a decidedly negative trend since Q2 2011. This doesn't look like a healthy economy to me.

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