Global Economic Briefing: Central Bank Balance Sheets
|
|
- Juniper Greene
- 6 years ago
- Views:
Transcription
1 Global Economic Briefing: Central Bank Balance Sheets April 3, 214 Dr. Edward Yardeni Mali Quintana Please visit our sites at www. blog. thinking outside the box
2 Table Of Contents Table Of Contents Fed Balance Sheet 1 Fed Assets 2 Fed Bond Purchases 3 ECB Balance Sheet 4 Bank of England 5 Bank of Japan 6 PBOC Balance Sheet 7 US Treasuries & Agencies Held by Central Banks 8 April 3, 214 / Global Economic Briefing: Central Bank Balance Sheets www.
3 Fed Balance Sheet Figure 1. FED S ASSETS* (trillion dollars) FED S LIABILITIES* (trillion dollars) US Treasuries + Agency Debt + MBS Liquidity Facilities Total US Treasury Securities Agency Debt + MBS Reserve Balances with Fed (Depository Institutions Deposits at Fed) Central Bank Liquidity Swaps Other Loans Federal Reserve Notes *Average of daily figures for weeks ending Wednesdays. Source: Federal Reserve Board Page 1 / April 3, 214 / Global Economic Briefing: Central Bank Balance Sheets www.
4 Figure 2. FED S ASSETS* (trillion dollars) QE1 B Fed Assets QE2 O QE3 QE4 T Total Assets US Treasuries + Agency Debt + MBS QE1 = Fed buys $4tn in mortgage securities. B = Bernanke speeches at Jackson Hole on 8/27/1 and 8/31/12 set stage for QE2 and QE3. QE2 = Fed buys $6bn in Treasuries. O = Operation Twist from 9/21/11-12/31/12. QE3 = Fed buys $4bn/month in mortgage securities (to infinity and beyond). QE4 = Fed buys $45bn/month in Treasuries until unemployment rate falls to 6.5%. T = Fed starts tapering QE. * Average of daily figures for weeks ending Wednesdays. Source: Federal Reserve Board. Figure 3. FED S ASSETS* (trillion dollars) QE1 US Treasury Securities B QE2 O QE3 QE4 T Agency Debt + MBS QE1 = Fed buys $4tn in mortgage securities. B = Bernanke speeches at Jackson Hole on 8/27/1 and 8/31/12 set stage for QE2 and QE3. QE2 = Fed buys $6bn in Treasuries. O = Operation Twist from 9/21/11-12/31/12. QE3 = Fed buys $4bn/month in mortgage securities (to infinity and beyond). QE4 = Fed buys $45bn/month in Treasuries until unemployment rate falls to 6.5%. T = Fed starts tapering QE. * Average of daily figures for weeks ending Wednesdays. Source: Federal Reserve Board. Page 2 / April 3, 214 / Global Economic Briefing: Central Bank Balance Sheets www.
5 3 25 Figure 4. Fed Bond Purchases FED NET PURCHASES OF US TREASURY & US AGENCY BONDS + MBS (monthly change, billion dollars) FED NET PURCHASES OF US TREASURY BONDS FED NET PURCHASES OF US AGENCY BONDS + MBS Source: Federal Reserve Board. -5 Page 3 / April 3, 214 / Global Economic Briefing: Central Bank Balance Sheets www.
6 ECB Balance Sheet Figure 5. TOTAL ASSETS (billion euros) SELECTED LIABILITIES (billion euros) Euro Area Credit Institutions in Euro Deposit Facility Lending to Euro Area Credit Institutions in Euro Liabilities to Other Euro Area Residents in Euro Securities of Euro Area Residents in Euro Bank Notes in Circulation General Govt Debt Denominated in Euro Foreign Reserves Including Gold Claims on Euro Area Residents in Foreign Currency Miscellaneous Liabilities* *Total liabilities minus sum of lending to euro area credit institutions in euro, liabilities to other euro area residents in euro, and bank notes in circulation. Source: European Central Bank. Page 4 / April 3, 214 / Global Economic Briefing: Central Bank Balance Sheets www.
7 Bank of England Figure 6. UK: TOTAL ASSETS (billion pounds) RESERVE BALANCES BONDS & OTHER SECURITIES ACQUIRED VIA MARKET TRANSACTIONS SHORT-TERM OPEN MARKET OPERATIONS SHORT-TERM OPEN MARKET OPERATIONS OTHER LIABILITIES Short-Term Open ket Operations Longer term reverse repo Source: Bank of England. Page 5 / April 3, 214 / Global Economic Briefing: Central Bank Balance Sheets www.
8 15 Figure 7. JAPAN: RESERVE BALANCES AT BOJ (trillion yen, reserve adjusted) Bank of Japan Z Z = Zero Interest Rate Policy. Note: Blue shade is Quantitative Easing Policy. Source: Bank of Japan. 1 Figure 8. JAPAN: INTEREST RATES (percent) Z Year Government Bond Yield 8 6 Bank of Japan Overnight Rate / Z = Zero Interest Rate Policy. Note: Blue shade is Quantitative Easing Policy. Source: Bank of Japan. -2 Page 6 / April 3, 214 / Global Economic Briefing: Central Bank Balance Sheets www.
9 PBOC Balance Sheet Figure 9. PBOC ASSETS (trillion dollars, nsa, ratio scale) Jan Total Assets (5.4) Foreign Exchange Assets (4.4) Nongold International Reserves Held by China (IMF data) (3.8) Source: People s Bank of China and IMF Figure 1. PBOC ASSETS (percent) Jan Foreign Exchange Held/Total PBOC Assets Source: People s Bank of China and IMF. 35 Page 7 / April 3, 214 / Global Economic Briefing: Central Bank Balance Sheets www.
10 34 32 US Treasuries & Agencies Held by Central Banks Figure 11. US TREASURIES HELD BY FED & FOREIGN OFFICIAL ACCOUNTS (billion dollars) Held by Fed Foreign Official Dollar Reserves* * Held by foreign official institutions at the Fed. Average of week ending Wednesday. Source: Federal Reserve Board, Table H Figure 12. US AGENCIES HELD BY FED & FOREIGN OFFICIAL ACCOUNTS (billion dollars) Held by Fed Foreign Official Dollar Reserves* 7/1 5 5 * Held by foreign official institutions at the Fed. Average of week ending Wednesday. Source: Federal Reserve Board, Table H.4.1. Page 8 / April 3, 214 / Global Economic Briefing: Central Bank Balance Sheets www.
11 Copyright (c) 214. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on blog., and YRI s Apps for ipads and iphones are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company s stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed on any product, service, report, or website are proprietary to and constitute valuable intellectual property. No material from any part of blog., and YRI s Apps for ipads and iphones may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of All unauthorized reproduction or other use of material from Yardeni Research, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Yardeni Research, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights. The recipient should check any and any attachments for the presence of viruses. accepts no liability for any damage caused by any virus transmitted by this company s s, website, blog and Apps. Additional information available on request. requests@
Global Economic Briefing: Central Bank Balance Sheets
Global Economic Briefing: Central Bank Balance Sheets June 22, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at blog. thinking outside the box
More informationGlobal Economic Briefing: Central Bank Balance Sheets
Global Economic Briefing: Central Bank Balance Sheets December 14, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside
More informationGlobal Economic Briefing: Central Bank Balance Sheets
Global Economic Briefing: Central Bank Balance Sheets October 31, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside
More informationUS Monetary Policy: Winding & Unwinding QE
US Monetary Policy: Winding & Unwinding QE May 11, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www.
More informationMoney & Credit: Central Bank Holdings Of US Securities
Money & Credit: Central Bank Holdings Of US Securities August, 8 Dr. Edward Yardeni -97-78 eyardeni@ Debbie Johnson 8-- djohnson@ Mali Quintana 8-- aquintana@ Please visit our sites at www. blog. thinking
More informationCharts Prepared for Ben Ruegsegger AllianceBernstein
Charts Prepared for Ben Ruegsegger AllianceBernstein June 11, 214 Dr. Edward Yardeni 516-972-7683 eyardeni@yardeni.com Mali Quintana 48-664-1333 aquintana@yardeni.com Please visit our sites at blog.yardeni.com
More informationUS Government Finance: Federal GDP Outlays & Income Redistribution
US Government Finance: Federal GDP Outlays & Income Redistribution September 13, 18 Dr. Edward Yardeni 16-97-7683 eyardeni@ Mali Quintana 8-66-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationChart Collection for Morning Briefing
Chart Collection for Morning Briefing February 12, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box 3 29
More informationMoney & Credit: US Quarterly Banking Profile (FDIC)
Money & Credit: US Quarterly Banking Profile (FDIC) December 18, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside
More informationUS Economic History: Great Recession
US Economic History: Great Recession January 29, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog.
More informationUS Flow of Funds: Nonfinancial Corporate Debt Burden
US Flow of Funds: Nonfinancial Corporate Debt Burden December 1, 1 Dr. Edward Yardeni 1-97-783 eyardeni@ Debbie Johnson 8--1333 djohnson@ Mali Quintana 8--1333 aquintana@ Please visit our sites at www.
More informationUS Flow of Funds: Rest of World Holdings of US Public & Private Debt
US Flow of Funds: Rest of World Holdings of US Public & Private Debt December 4, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog.
More informationMarket Briefing: Global Interest Rates
Market Briefing: Global Interest Rates May, Dr. Edward Yardeni -9- eyardeni@ Debbie Johnson -- djohnson@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table Of Contents
More informationGlobal Economic Briefing: China International Reserves & Capital Flows
Global Economic Briefing: China International Reserves & Capital Flows December 15, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog.
More informationMoney & Credit: China Social Financing
Money & Credit: China Social Financing December, 7 Dr. Edward Yardeni -97-7 eyardeni@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking outside the box Figure. : TOTAL (trillion
More informationStock Market Indicators: Margin Debt
Stock Market Indicators: December 25, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationUS Flow of Funds: US Household Wealth
US Flow of Funds: US Household Wealth June 7, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-663-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog.
More informationUS Flow of Funds: Treasury International Capital System (TICS)
US Flow of Funds: Treasury International Capital System (TICS) July 17, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at blog. thinking outside
More informationUS Flow of Funds: Treasury International Capital System (TICS)
US Flow of Funds: Treasury International Capital System (TICS) November 16, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at blog. thinking outside
More informationPerformance 2018: S&P 500/400/600 Sectors
Performance 218: S&P /4/6 Sectors February 9, 218 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationChart Collection for Morning Briefing
Chart Collection for Morning Briefing May 9, 18 Dr. Edward Yardeni 1-97-783 eyardeni@ Mali Quintana 8--1333 aquintana@ Please visit our sites at www. blog. thinking outside the box 7...... 3.. Figure 1.
More informationStock Market Metrics: Global MSCI Comparisons of Forward Earnings
Stock Market Metrics: Global MSCI Comparisons of Forward Earnings May 11, 18 Dr. Edward Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-6 jabbott@ Mali Quintana 4-664-1333 aquintana@ Please visit our
More informationMarket Briefing: US Bond Yields
Market Briefing: US Bond Yields November 1, 018 Dr. Edward Yardeni 51-97-78 eyardeni@ Mali Quintana 80--1 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table
More informationGlobal Yields & Spreads
Global Yields & Spreads August 1, 1 Dr. Edward Yardeni 51-97-7 eyardeni@ Mali Quintana -1 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table Of Contents 1-Year
More informationUS Demography: Median Age & Life Expectancy
US Demography: Median Age & Life Expectancy March 22, 2016 Dr. Edward Yardeni 516-9-83 eyardeni@ Mali Quintana 4-6-1333 aquintana@ Please visit our sites at blog. thinking outside the box Table Of Contents
More informationMoney & Credit: US Short-Term Business Credit
Money & Credit: US Short-Term Business Credit December 21, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box
More informationUS Economic Indicators: Individual Tax Receipts Per Worker
US Economic Indicators: Individual Tax Receipts Per Worker August, 18 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit
More informationMarket Briefing: Global Interest Rates
Market Briefing: Global Interest Rates May, Dr. Edward Yardeni -9- eyardeni@ Debbie Johnson -- djohnson@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table Of Contents
More informationUS Economic Indicators: Yield Curve
US Economic Indicators: February 1, 218 Dr. Edward Yardeni 16-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationUS Economic Indicators: Mortgage Applications & Mortgage Rates
US Economic Indicators: Mortgage Applications & Mortgage Rates February 7, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationGlobal Index Briefing: Major MSCI Stock Markets Revenues & Earnings
Global Index Briefing: Major MSCI Stock Markets Revenues & Earnings May 2, 20 Dr. Edward Yardeni 1-2-3 eyardeni@ Joe Abbott 32-4-30 jabbott@ Mali Quintana 40-4-1333 aquintana@ Please visit our sites at
More informationMoney & Credit: Bank of Japan
Money & Credit: Bank of Japan November 19, 18 Dr. Edward Yardeni 516-97-7683 eyardeni@ Debbie Johnson 8-66-1333 djohnson@ Mali Quintana 8-66-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationMarket Briefing: MSCI Correlations
Market Briefing: MSCI Correlations January 17, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationGlobal Economic Indicators: United Kingdom Wages
Global Economic Indicators: United Kingdom Wages December 17, 1 Dr. Edward Yardeni 1-97-7 eyardeni@ Debbie Johnson --1 djohnson@ Mali Quintana --1 aquintana@ Please visit our sites at www. blog. thinking
More informationGlobal Economic Indicators: Global Purchasing Managers Indexes
Global Economic Indicators: Global Purchasing Managers Indexes December 18, 2017 Dr. Edward Yardeni 6-972-7683 eyardeni@ Debbie Johnson 0-664-1333 djohnson@ Mali Quintana 0-664-1333 aquintana@ Please visit
More informationUS Economic Indicators: Balance of Payments
US Economic Indicators: Balance of Payments November 9, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at
More informationUS Demography: Median Age, Longevity, & Deaths
US Demography: Median Age, Longevity, & Deaths December 21, 2017 Dr. Edward Yardeni 516-9-83 eyardeni@ Mali Quintana 4-4-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table
More informationStock Market Indicators: Liquid Assets
Stock Market Indicators: Liquid Assets November 24, 2017 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at blog. thinking outside the box Table Of
More informationStock Market Briefing: S&P 500 Interest Expense
Stock Market Briefing: S&P Interest Expense June 27, 17 Dr. Ed Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-6 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at blog. thinking
More informationUS Economic Indicators: Citigroup Economic Surprise Index
US Economic Indicators: Citigroup Economic February 9, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites
More informationStock Market Indicators S&P 500 Yields: Earnings, Dividends, & Buybacks
Stock Market Indicators S&P Yields: Earnings, Dividends, & Buybacks November, Dr. Edward Yardeni -9- eyardeni@ Joe Abbott -9- jabbott@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking
More informationStock Market Briefing: S&P 500 Blue Angels
Stock Market Briefing: S&P 0 Blue Angels September 4, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-5306 jabbott@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www.
More informationMarket Briefing: US Corporate Bond Yields
Market Briefing: December 9, 7 Dr. Edward Yardeni -97-7 eyardeni@ Debbie Johnson -- djohnson@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationUS Flow of Funds: Mutual Funds & ETFs By Investment Objective
US Flow of Funds: Mutual Funds & ETFs By Investment Objective March 1, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-663-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit
More informationStock Market Briefing: S&P 500 Shares Outstanding By Sectors Since 2006
Stock Market Briefing: S&P 5 Shares Outstanding By Sectors Since October 5, 7 Dr. Edward Yardeni 5-97-78 eyardeni@ Joe Abbott 7-97-5 jabbott@ Please visit our sites at www. blog. thinking outside the box
More informationChart Collection for Morning Briefing
Chart Collection for Morning Briefing February 21, 219 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at blog. thinking outside the box 5.5 5. Figure
More informationGlobal Economic Briefing: Comparative GDP Growth Rates
Global Economic Briefing: Comparative GDP Growth Rates November 1, 17 Dr. Edward Yardeni 1-97-73 eyardeni@ Debbie Johnson --1333 djohnson@ Mali Quintana --1333 aquintana@ Please visit our sites at www.
More informationGlobal Index Briefing: Major MSCI Stock Markets Revenues & Earnings
Global Index Briefing: Major MSCI Stock Markets Revenues & Earnings September 2, 20 Dr. Edward Yardeni 1-2-3 eyardeni@ Joe Abbott 32-4-30 jabbott@ Mali Quintana 40-4-1333 aquintana@ Please visit our sites
More informationMarket Briefing: S&P 500 Sectors & MSCI Indexes During Bull Market
Market Briefing: S&P 5 Sectors & MSCI Indexes During Bull Market August 31, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit
More informationMarket Briefing: US Interest Rates
Market Briefing: US Interest Rates December 11, 217 Dr. Edward Yardeni 51-972-783 eyardeni@ Debbie Johnson 48-4-1333 djohnson@ Mali Quintana 48-4-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationStock Market Indicators S&P 500 Yields: Earnings, Dividends, & Buybacks
Stock Market Indicators S&P Yields: Earnings, Dividends, & Buybacks November, Dr. Edward Yardeni -9- eyardeni@ Joe Abbott -9- jabbott@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking
More informationMutual Funds. Yardeni Research, Inc. November 30, Dr. Edward Yardeni
Mutual Funds November 3, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-663-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the
More informationChart Collection for Morning Briefing
Chart Collection for Morning Briefing February 13, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at blog. thinking outside the box 234 23 Figure
More informationMutual Funds. Yardeni Research, Inc. June 28, Dr. Edward Yardeni
Mutual Funds June 28, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-663-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box
More informationUS Economic Indicators: Productivity in Manufacturing
US Economic Indicators: Productivity in Manufacturing November 3, 17 Dr. Edward Yardeni 51-97-73 eyardeni@ Debbie Johnson --1333 djohnson@ Mali Quintana --1333 aquintana@ Please visit our sites at www.
More informationGlobal Demography: Japan
Global Demography: Japan December 20, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationUS Government Finance: Outlays and Receipts
US Government Finance: Outlays and Receipts November 2, 217 Dr. Edward Yardeni 5-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table
More informationUS Demography: Retirement
US Demography: Retirement August 3, 18 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 480-664-1333 djohnson@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at blog. thinking outside
More informationUS Economic Indicators: Consumer Credit
US Economic Indicators: Consumer Credit November 7, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www.
More informationUS Flow of Funds: Real Estate Finance
US Flow of Funds: June 2, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the
More informationUS Social Welfare: Social Security For Disability
US Social Welfare: Social Security For Disability June 5, 1 Dr. Edward Yardeni 51-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationUS Flow of Funds: Total Debt Measures
US Flow of Funds: Total Debt Measures December, 7 Dr. Edward Yardeni 6-97-7683 eyardeni@ Mali Quintana 48-664-333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationMarket Briefing: Oil Prices
Market Briefing: Oil Prices March 7, 18 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationUS Monetary Policy: Taylor Rule & Output Gap
US Monetary Policy: & Output Gap April, 217 Dr. Edward Yardeni 16-972-7683 eyardeni@ Debbie Johnson 48-663-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationUS Commercial Banks. Yardeni Research, Inc. November 18, Dr. Edward Yardeni. Mali Quintana. thinking outside the box
US Commercial Banks November 18, 211 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table
More informationMarket Briefing: Nominal & Real Yields & Inflationary Expectations
Market Briefing: Nominal & Real Yields & Inflationary Expectations January, 1 Dr. Edward Yardeni 1-97-73 eyardeni@ Debbie Johnson --1333 djohnson@ Mali Quintana --1333 aquintana@ Please visit our sites
More informationStock Market Briefing: S&P 500 Trailing P/E Ratios
Stock Market Briefing: S&P Trailing P/E Ratios January 31, 18 Dr. Edward Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-6 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www.
More informationMarket Briefing: European Interest Rates
Market Briefing: European Interest Rates February, Dr. Edward Yardeni -97-7 eyardeni@ Debbie Johnson -- djohnson@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking outside the box
More informationUS Stock Market Briefing: Trump & Stocks
US Stock Market Briefing: & Stocks September 20, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-5306 jabbott@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at blog. thinking
More informationUS Flow of Funds: Equities
US Flow of Funds: Equities December 29, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-663-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationUS Government Finance: Outlays and Receipts
US Government Finance: Outlays and Receipts June 16, 2 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table
More informationUS Mutual Funds: Weekly New Cash Flows
US Mutual Funds: Weekly New Cash Flows December 27, 217 Dr. Edward Yardeni 16-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at blog. thinking outside the box Table Of Contents
More informationUS Mutual Funds: Weekly New Cash Flows
US Mutual Funds: Weekly New Cash Flows November 3, 216 Dr. Edward Yardeni 16-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at blog. thinking outside the box Table Of Contents
More informationUS Economic Indicators: YRI Earned Income Proxy
US Economic Indicators: YRI Earned Income Proxy April 1, 1 Dr. Edward Yardeni 51-97-73 eyardeni@ Debbie Johnson --1333 djohnson@ Mali Quintana --1333 aquintana@ Please visit our sites at blog. thinking
More informationUS Economic Indicators: NFIB Small Business Survey
US Economic Indicators: NFIB December 21, 217 Dr. Edward Yardeni -972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationUS Mutual Funds Monthly Statistics (Including ETFs)
US Mutual Funds Monthly Statistics (Including ETFs) December 9, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside
More informationUS Mutual Funds Monthly Statistics (Including ETFs)
US Mutual Funds Monthly Statistics (Including ETFs) April 1, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside the
More informationChart Collection for Morning Briefing
Chart Collection for Morning Briefing April 19, 218 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box 1 Figure
More informationUS Demography: Age Wave
US Demography: Age Wave April, Dr. Edward Yardeni 5-97-73 eyardeni@ Mali Quintana --333 aquintana@ Please visit our sites at blog. thinking outside the box Table Of Contents Table Of Contents 3- April,
More informationStock Market Indicators: S&P 500/400/600 Metrics Ratios
Stock Market Indicators: S&P 500/400/600 Metrics Ratios February 2, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-5306 jabbott@ Mali Quintana 480-664-1333 aquintana@ Please visit our
More informationStock Market Briefing: NIPA vs. S&P 500 Dividends
Stock Market Briefing: NIPA vs. S&P 5 January 8, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog.
More informationUS Flow of Funds: Household Finance
US Flow of Funds: Household Finance November 16, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationMarket Briefing: European Interest Rates
Market Briefing: European Interest Rates November, Dr. Edward Yardeni -97-7 eyardeni@ Debbie Johnson -- djohnson@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking outside the box
More informationUS Economic Indicators: Prices Paid & Received Surveys
US Economic Indicators: Prices Paid & Received Surveys September 21, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit
More informationUS Economic Indicators: Corporate Taxes
US Economic Indicators: February 9, 218 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationStock Market Briefing: S&P 500 Earnings Squiggles
Stock Market Briefing: S&P Earnings Squiggles April 23, Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-56 jabbott@ Mali Quintana 4-664-33 aquintana@ Please visit our sites at www. blog. thinking
More informationMarket Briefing: MSCI Currency Indexes
Market Briefing: MSCI Currency Indexes February 9, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-5306 jabbott@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationUS Economic Indicators: New Home Sales & Housing Market Index
US Economic Indicators: New Home Sales & Housing Market Index ember 27, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at blog. thinking outside
More informationPredicting the Markets: Chapter 9 Charts: Predicting the Fed
Predicting the Markets: Chapter 9 Charts: August 7, 17 Dr. Edward Yardeni 1-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationUS Economic Indicators: Personal Income & Consumption
US Economic Indicators: Personal Income & Consumption December, 17 Dr. Edward Yardeni 1-97-73 eyardeni@ Debbie Johnson --1333 djohnson@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog.
More informationS&P 500 Industry Briefing: S&P 500 Excluding Financials
S&P 5 Industry Briefing: S&P 5 Excluding Financials September 5, 218 Dr. Ed Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Please visit our sites at www. blog. thinking outside the box
More informationS&P 500 Industry Briefing: Consumer Staples Blue Angels
S&P 0 Industry Briefing: Consumer Staples Blue Angels July 13, 2018 Dr. Ed Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-5306 jabbott@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at
More informationGlobal Economic Indicators: China Trade
Global Economic Indicators: China Trade June, 1 Dr. Edward Yardeni 51-97-73 eyardeni@ Debbie Johnson --1333 djohnson@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside
More informationChart Collection for Morning Briefing
Chart Collection for Morning Briefing March 7, 1 Dr. Edward Yardeni 1-97-73 eyardeni@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Figure 1. MSCI FORWARD
More informationUS Flow of Funds: Total Debt Measures
US Flow of Funds: Total Debt Measures November, 6 Dr. Edward Yardeni 6-97-768 eyardeni@ Mali Quintana 48-664- aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationMarket Briefing: European Interest Rates
Market Briefing: European Interest Rates September, 7 Dr. Edward Yardeni -97-7 eyardeni@ Debbie Johnson -- djohnson@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking outside the
More informationQuant Briefing: Valuation Database
Quant Briefing: Valuation Database April 18, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@yardeni.com Mali Quintana 480-664-1333 aquintana@yardeni.com Please visit our sites at blog.yardeni.com thinking
More informationStock Market Briefing: S&P 500 Financial Ratios
Stock Market Briefing: S&P Financial Ratios July 2, 18 Dr. Ed Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-6 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationS&P 500 Industry Briefing: Industrials Blue Angels
S&P 0 Industry Briefing: Industrials Blue Angels September 25, 2017 Dr. Ed Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-5306 jabbott@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at
More informationJapan MSCI Stock Price Indexes By Market Cap & Style
Japan MSCI Stock Price Indexes By Market Cap & Style October 26, 218 Dr. Edward Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-36 jabbott@ Please visit our sites at www. blog. thinking outside the box
More information