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A Mistake, Pushing Higher Wages Instead Of Productivity

A Mistake, Pushing Higher Wages Instead Of Productivity

Image Source: Pexels  America made a major mistake pushing higher wages instead of pushing productivity. This started years ago as a solution to growing inequality. Increased productivity tends to lower the price of goods and inflation. It could be argued that higher wages are a chief contributor in causing America to become less competitive in the […]
Fetch.ai opens new AI lab in San Francisco, commits $10M per year to support startups

Fetch.ai opens new AI lab in San Francisco, commits $10M per year to support startups

Key Takeaways Fetch.ai has launched an Innovation Lab in San Francisco with a $10 million annual funding pledge. The lab focuses on developing AI agent solutions that deliver real-world value. Share this article Fetch.ai, a founding member of the Artificial Superintelligence Alliance, has opened its Innovation Lab in San Francisco, the company shared in a […]
The Recession Already Happened

The Recession Already Happened

The recent stock market rally seems to contradict predictions of an imminent economic slowdown. This illustrates the principle that sentiment follows price, not vice versa.Just a couple of weeks ago, many were anticipating an economic downturn by year-end. Even my A.I. Timing Webs model had me at over 40% cash at the beginning of the […]
Elliott Wave Technical Analysis: McDonald’s Corp. – Friday, Aug. 23

Elliott Wave Technical Analysis: McDonald’s Corp. – Friday, Aug. 23

Image Source: Pixabay  MCD Elliott Wave Analysis Trading Lounge Daily Chart,McDonald’s Corp., (MCD) Daily Chart MCD Elliott Wave Technical AnalysisFUNCTION: Trend MODE: Impulsive  STRUCTURE: Motive POSITION: Wave 1 of (1).   DIRECTION: Upside into wave 1.  DETAILS: Looking for a top in wave 1 or (1) of Primary wave 5. We could be facing resistance on TL3 at 300$, where we could expect the pullback in wave 2 or (2).MCD Elliott Wave Analysis Trading Lounge 1H Chart,McDonald’s Corp., (MCD) 1H […]
Visualizing The World’s Top 25 Companies By Market Cap

Visualizing The World’s Top 25 Companies By Market Cap

In this graphic, we compare the world’s top 25 companies by market capitalization (market cap), as of Aug. 19, 2024. All figures were sourced from Companiesmarketcap.com.Companies in this graphic are color-coded by their nationality, which highlights America’s dominance in terms of creating highly valuable companies.  Data and Key TakeawaysThe data we used to create this graphic […]
The CFNAI Bark Is Worse Than Its Bite

The CFNAI Bark Is Worse Than Its Bite

Peter Schiff tweeted the following in regards to the Chicago Fed National Activity Index (CFNAI): The July Chicago Fed National Activity Index ‘unexpectedly’ plunged to minus 0.34, its lowest since April 2020, when the economy was initially shut down by the COVID pandemic. Peter’s commentary is undoubtedly concerning. However, if you examine the CFNAI data […]
Is The Housing Market Poised For A Rebound?

Is The Housing Market Poised For A Rebound?

The real estate market has had a rough ride since the Federal Reserve began raising interest rates in March 2022. But as expectations strengthen that the central bank will start cutting next month, the outlook is rebounding for property shares.Yesterday’s news that existing home sales rose in July for the first time since February helped focus attention […]
EUR/GBP Price Analysis: Falls To Cluster Of Major Support Levels And Lower Channel Line

EUR/GBP Price Analysis: Falls To Cluster Of Major Support Levels And Lower Channel Line

EUR/GBP continues descending within a falling channel, clearly visible on the 4-hour chart below. The declining sequence of peaks and troughs supposes the pair is in a short-term downtrend, and given “the trend is your friend” this biases prices to further weakness. However, even strongly trending prices experience pull backs from time to time, and EUR/GBP has reached […]
The Commodities Feed: All Eyes On Jackson Hole

The Commodities Feed: All Eyes On Jackson Hole

Photo by Timothy Newman on Unsplash  Oil prices managed to settle higher yesterday, breaking a four-day losing streak. For today, all attention will be on Jackson Hole.  Energy – Refinery margins under renewed pressureOil prices staged a recovery yesterday. ICE Brent rallied 1.54%, and settled back above US$77/bbl. This breaks a four-day streak of declines, which had pushed the […]
Oil Rallies Nearly 2% With Bets On OPEC To Reduce Production Flow Again Gaining Interest

Oil Rallies Nearly 2% With Bets On OPEC To Reduce Production Flow Again Gaining Interest

Oil prices are rebounding slightly on Friday, extending Thursday’s gains after snapping the losing streak for this week. The rebound, however, could be short-lived as the price outlook remains clouded by concerns over demand  and a vast supply surplus at hand if OPEC does not alter the upcoming unwinding of production cuts. OPEC is caught between […]