From the folks Russell, a look at various economic indicators:

Corporate debt spreads, the month–end VIX, and interest rates all remain within typical ranges. Mortgage delinquencies dropped slightly during 2nd quarter. U.S. equity markets ended August positively.


Click to enlarge:

Source: Russell

Category: Digital Media, Economy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “What’s The State Of The Economy?”

  1. jb.mcmunn says:

    I had no idea things were going so well. And my retirement age is up 5 handles!

  2. mathman says:
    Chris Hedges: The Reaping of America
    (from the article)
    All the things that stand between us and utter destitution—Medicaid, food stamps, Pell grants, Head Start, Social Security, public education, federal grants-in-aid to America’s states and cities, the Women, Infants, and Children nutrition program (WIC), Temporary Assistance for Needy Families and home-delivered meals for seniors—are about to be shredded by the corporate state.

    Our corporate oligarchs are harvesting the nation, grabbing as much as they can, as fast as they can, in the inevitable descent…

    Obama is not in charge. Romney would not be in charge. Politicians are the public face of corporate power. They are corporate employees. Their personal narratives, their promises, their rhetoric and their idiosyncrasies are meaningless. And that, perhaps, is why the cost of the two presidential campaigns is estimated to reach an obscene $2.5 billion. The corporate state does not produce a product that is different. It produces brands that are different. And brands cost a lot of money to sell.

    You can dismiss those of us who will in protest vote for a third-party candidate and invest our time and energy in acts of civil disobedience. You can pride yourself on being practical. You can swallow the false argument of the lesser of two evils. But ask yourself, once this nightmare starts kicking in, who the real sucker is. “

  3. NoKidding says:

    I can’t stop myself from pointing out the wierd definitions of “Typical” again.

    10 percent mortgage delinquency is “Typical”? Can someone put that datapoint in a time machine for the executives at AIG, circa 2004? It would prevent a number of recent inconveniences.

  4. NoKidding says:

    Interest rates above 3 percent are not typical? OK lets get the team back together for a second try. We’ll build a financial empire around the idea that borrowing costs will reliably stay in a 1 to 3 percent range. The core concept will be borrow short, lend long and live off the yield differntial. we’ll have to put really huge amounts of capital into it to keep the returns high, but its a lock to succeed.

  5. M says:


    They say “interest rate” but what they are measuring is the 10 year minus the 3 month Treasury.

    A bigger issue I have is that they using some kind of running average to define “typical”. So, for instance, delinquencies are approaching the “typical” band because of the recent persistence of extremely high rates. But that misses the the sea change post ’08. 10+% is nowhere near the 2ish percent pre-08 top end. Their “typical” may be the new normal (I don’t think so and I hope not). But, it isn’t representative of the longer term established or healthy norms.

    All in all I think this graph is pretty confusing and even misleading. I don’t think much of their terminology or their methodology. YMMV.

  6. milkman says:

    I hear ya and mostly agree ( just finish Woodward’s new book)….but, by your logic, things would be the same whether Gore or Bush presided from 2001-2009….