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Consumption Leads (Longer Term) Unemployment, Too

Consumption Leads (Longer Term) Unemployment, Too

Once again there is no new economic data, so let me follow up some more on the issue of longer term unemployment.Earlier this week I pointed out that just as initial claims lead continuing claims, so does short term unemployment (under 5 weeks) lead long term unemployment (15 weeks and over). Think of unemployment as […]
The State Of The Global Economy: Insights And Perspectives

The State Of The Global Economy: Insights And Perspectives

Welcome to our Macroeconomic Blog, crafted to keep you at the forefront of the latest developments and trends in the global economy. We are here to provide deep insights and analyses, ensuring you clearly understand today’s dynamic financial landscape.  Australian Economic Forecast: Inflation Concerns and Growth ProspectsThe Reserve Bank of Australia has raised alarms about […]
The Road To Prosperity Is Paved With Credit Cards?

The Road To Prosperity Is Paved With Credit Cards?

Image Source: Unsplash  Mainstream pundits and government officials keep talking about the strong economy and resilient consumers while ignoring what’s driving them – borrowing. To listen to them, you would think the road to prosperity is paved with credit cards. In this episode of the Friday Gold Wrap, I break down the recent household debt data […]
Elliott Wave Technical Analysis: Berkshire Hathaway Inc.

Elliott Wave Technical Analysis: Berkshire Hathaway Inc.

Image Source: Unsplash  Berkshire Hathaway Inc., Elliott Wave Technical AnalysisBerkshire Hathaway Inc., (NYSE: BRK-B): 4h Chart 10 November 2023BRK-B Stock Market Analysis: We have been anticipated a potential diagonal in wave 1 and we successfully retraced into what seems to be wave {a} of 2. There is a bullish scenario where instead of 1 we had […]
Bull Of The Day: Deckers Brands

Bull Of The Day: Deckers Brands

Deckers Brands (DECK) remains one of the hottest retailers in the world. This Zacks Rank #1 (Strong Buy) is hitting new 5-year highs as the all-important winter holiday season approaches.   Deckers Brands designs, manufactures and distributes footwear, apparel and accessories. It’s most prominent brand is UGG, but it also owns Koolaburra, HOKA, Teva and Sanuk.It’s products […]
Stocks Fluctuate Following Last Week’s Rally

Stocks Fluctuate Following Last Week’s Rally

S&P 500 retraced its recent advances – is the uptrend over?The S&P 500 index lost 0.81% on Thursday as it bounced from the 4,400 level. Stocks retraced some of their recent advances following 30y bond auction results, and Jerome Powell’s speech, among other factors. Yesterday’s daily low was at 4,343.94 and earlier in the day […]
Bitcoin Is Coming Higher Away From Projected Support

Bitcoin Is Coming Higher Away From Projected Support

Image Source: Pexels  Bitcoin remains nicely bullish and it’s coming nicely higher away from projected support as we talked about in the past weeks. On September 28, we mentioned the strong 24k support and highlighted an A-B-C flat correction within uptrend. Link here. As you can see today, Bitcoin is finally breaking to new highs of 2023, moving […]
Gold Forecast: Markets Continue To Look For Support

Gold Forecast: Markets Continue To Look For Support

The gold market experienced a downturn during Thursday’s trading session, with a notable test of the 50-Day Exponential Moving Average. A potential resurgence may be in the cards if we manage to surpass the session’s initial opening highs, potentially setting the stage for a gradual ascent toward the coveted $2000 level in the long term. While there […]
International Stocks On Track To Trail US Equities In 2023

International Stocks On Track To Trail US Equities In 2023

After world shares ex-US enjoyed a rare if unimpressive win over American shares in 2022 — by losing less — the odds don’t look encouraging for a repeat run of outperformance in 2023, based on a set of ETFs through Thursday’s close (Nov. 9).In 2022, Vanguard Total International Stocks Fund (VXUS), which excludes US companies, […]
Global Supply Chain Hardships In 2024?

Global Supply Chain Hardships In 2024?

Image Source: Pexels  The global supply chain got a boost after the coronavirus pandemic as businesses resumed their activities with an unprecedented number of freights traveling across the world to satisfy consumer needs.However, feedback coming from shipping companies regarding market activity in 2024 is not as positive as investors would like. As a result of negative […]