Productivity Puzzles
There are a whole bunch of puzzles related to changes in the economy after 1973: 1. Why did productivity growth slow after 1973? 2. Why did growth in real wages slow after 1973? 3. Why has labor productivity growth in construction stalled, while labor productivity growth in manufacturing has remained quite robust?Undoubtedly, there are many […]
A Look At Two Key Sectors As Markets Quiet Down
Markets have really quieted down as we get into the meat of December. That’s a plus for the bulls as the bears finally have some things on their side of the ledger to cling to. After such an amazingly powerful rally, the longer the bulls can hold off any meaningful pullback in stocks, the more […]
AMD Sets Sight On AI Chip Market, Plans To Dethrone Nvidia With New Product
Image courtesy of 123rf.com Advanced Micro Devices (Nasdaq: AMD) introduced a new AI chip, which it claims can rival Nvidia’s (NASDAQ: NVDA) most powerful offering, H100. With this new product, AMD hopes to disrupt Nvidia’s dominance in the AI processor market, which is expected to hit a valuation of $400 billion by 2027. The chipmaker’s shares climbed […]
FTSE Reverses Early Losses To Finish In The Green
Image Source: Pexels On Thursday, the FTSE 100 in the UK experienced an early decline across the board due to the negative impact of a stronger pound on the index, which is heavily reliant on exporters. Additionally, there was a decrease in risk appetite caused by higher government bond yields. The blue-chip FTSE 100 reversed ealy […]
Analytical Overview Of The Main Currency Pairs – Thursday, Dec. 7
Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0789 Prev Close: 1.0763 % chg. over the last day: -0.24 % On Wednesday, Deutsche Bank said it expects the European Central Bank (ECB) to cut interest rates by 150 basis points (bps) next year, 50 bps more than its previous forecast, as inflation falls and central bank […]
EUR/USD Reaches Session Highs Near 1.0800 After US Jobless Claims
Image source: Pixabay The Dollar extended its reversal as US Jobless Claims increased. These figures confirm the view that the US labor market is deteriorating. EUR/USD remains bearish while below 1.0850. The Euro bounced up ahead of Thursday’s session opening times with the US Dollar extending its reversal. US Jobless claims have confirmed that the labor market is […]
USD/JPY Price Aiming To Pounce 145.0 After Downbeat US ADP
The USD/JPY price slumped well below yesterday’s low of 146.89. Fundamentally, the US dollar’s depreciation was expected after the US ADP Nonfarm Employment Change came in at 103K in November versus 131K expected, compared to 106K in October.In addition, the Trade Balance, Revised Nonfarm Productivity, and Revised Unit Labor Costs also reported poor data in […]
GBP/USD Analysis: US Dollar Is Trying To Recover Its Losses
Since the start of this week’s trading, the price of the GBP/USD pair has been on a downward correction path with losses that extended to the support level of 1.2544, abandoning the gains of the relatively upward rebound that affected last week. The resistance level of 1.2732 is its highest in three months.Thus, it was […]
A Curious Claim That The BLS Is Overstating Rent And Exaggerating Inflation
It’s not often I hear a claim the BLS is overstating inflation, but it comes from two people I respect, so let’s investigate. Cleveland Fed New Tenant Rent Index NTR with upper and lower bound 95% confidence intervals, CPI rent of primary residence, and OER. Chart by MishI created the above chart from a Cleveland Fed data […]
GBP/USD Faces Stern Test: NFP, CPI, FOMC, BoE On The Horizon
Photo by Colin Watts on Unsplash The GBP/USD is poised for a significant challenge in the upcoming days, spanning the end of this week and much of the next. Anticipation surrounds key data releases from both the UK and the US, with the US nonfarm payrolls report on Friday and CPI data on the horizon. Moreover, the Federal […]
