Economics Uncovered Chart Pack: July 2023

With 86 charts in total, this latest edition to Economics Uncovered covers the global money supply and inflation, the US banking sector, US GDP, US employment and more.

Since beginning Economics Uncovered, I have been committed to continually improving the research product that I provide, so that I can better help YOU to get ahead.

With this in mind, I am excited to announce the latest edition to Economics Uncovered — a comprehensive chart pack!

With 86 charts in total, this chart pack represents a comprehensive overview of key subjects, including:

• the global money supply & inflation;

• the US banking sector;

• US GDP; and

• US employment.

Included in the chart pack are three proprietary indicators:

1) Economics Uncovered Global M1 Proxy (YoY change)

With most central banks around the globe aggressively tightening monetary policy, it’s no surprise to see that the Economics Uncovered Global M1 Proxy is in deeply negative territory. This is likely to result in a sharp reduction in inflation in many nations around the globe over the year ahead — it also means that risks for economic activity are firmly to the downside.

2) Economics Uncovered Global M2 Proxy (YoY change)

While the Economics Uncovered Global M1 Proxy remains in deeply negative territory, the Economics Uncovered Global M2 Proxy has recently returned to YoY growth. A key reason for this divergence, is that the broader definition of M2 means that it captures a wider array of deposits, such as longer duration time deposits, which have generally risen as individuals have responded to the higher interest rates on offer.

Despite returning to positive territory, the very modest annual growth in the Economics Uncovered Global M2 Proxy again points to much lower inflation over the year ahead, in many nations around the globe.

3) Economics Uncovered US Cyclical Employment

While the annual change in overall nonfarm payrolls doesn’t usually decline until a recession has already been well underway, there are certain areas of the employment market that provide a leading indicator of economic activity.

The Economics Uncovered US Cyclical Employment indicator groups these key categories together. While it hasn’t yet turned negative on an annual basis, its message is clear — the US employment market is weakening.

As with all of my research, I am committed to revising this chart pack over time to ensure that it delivers the best insights possible. I hope to include more proprietary economic indicators over time and evolve the charts included to reflect the key economic circumstances/indicators of the time.

I’d love to know what you think of this chart pack — is it useful to you, and would you like to see it updated on a monthly/quarterly basis? Please let me know in the comments below!

The link to the full chart pack is below:

Economics Uncovered Economics Chart Pack

12.9MB ∙ PDF file

Download

Download

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Thank you for reading my latest research piece, in which I hope you found significant value.

Should you have any questions after reading this latest research report, please feel free to leave them in the comments below!

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Important disclaimer—this may affect your legal rights:

This report is an economics research publication and is not investment advice. This economics research represents my own analysis, opinions and views, is general in nature, and does not constitute personal advice to any person.

While this research utilises data which is considered to be reliable, I have not independently verified the accuracy of the data utilised in this research.

While I have taken care to try and ensure that the figures, data and information presented in this research are accurate and free of errors, I am not perfect, and this research report may contain errors or omissions that may become apparent after this research has been published. I do not represent, warrant or guarantee expressly or impliedly, that the data and information contained in this research is complete or accurate. I do not accept any responsibility to inform you of any matter that subsequently comes to my attention, which may affect any of the information contained in this research. I do not accept any obligation to correct or update the information or opinions contained in this research. I do not accept any liability (whether arising in contract, in tort or negligence or otherwise) for any error or omissions in this document or for any resulting loss or damage (whether direct, indirect, consequential or otherwise) suffered by the recipient of this document or any other person.