Here’s the Philadelphia Fed’s revamped coincident index and the six month forecast for Kansas economic activity.
and is forecasted to continue to lag.
The abstract from the recent IMF’s World Economic Outlook chapter on investment:
Private fixed investment in advanced economies contracted sharply during the global financial crisis, and there has been little recovery since. … business investment accounts for the bulk of the slump, and the overriding factor holding it back has been the overall weakness of economic activity. In some countries, other contributing factors include financial constraints and policy uncertainty. These findings suggest that addressing the general weakness in economic activity is crucial for restoring growth in private investment.
And actually decline, in dollar terms.
Poverty, estimated using the official criteria and poverty threshold, or including taxes and non-cash benefits, rises in Wisconsin (while the officially reported Census measure declines in the US). [minor edits to clarify MDC 4/23]
Wisconsin employment falls in March; continues to lag the Nation.
Winter for …
The University of Wisconsin-Madison will eliminate about 400 positions, most of them vacant, and will close or restructure several academic programs across campus over the next two years in response to state budget cuts, Chancellor Rebecca Blank announced on her blog Friday.
I’ve been wrapping up some long term projects (not planned as long term — they just took longer than expected) on interest rate parity and term spreads, and that spurred me to look at current patterns in interest rates. Some quick observations: interest rates remain higher in emerging markets than in core industrial countries. So too are real rates are higher despite higher inflation rates. And term spreads are larger in the US than other countries.