Radio commentary, March 25, 2010

Not much in the way of economic news since last we spoke. The U.S. economy continues to flatline, which only looks good next to the collapse of 2008 and 2009. The Chicago branch of the Federal Reserve puts out a monthly National Activity Index (CFNAI), a composite of 85 separate indicators, that’s a good a single measure of the state of the economy that we have. When it’s at 0, the economy is expanding at its historical average; below 0, it’s growing below trend; above 0, it’s growing above trend. The CFNAI broke… Read More