Baumol’s Cost Disease, Productivity And The Future Of Growth
William Baumol, one of the most famous economists you’ve never heard of, died recently. Baumol’s fame came out of the observation that there are sectors of the economy in which productivity is rising swiftly, for example, manufacturing, and sectors where it is rising slowly or not at all, for example, string quartet performances. The conclusion he […]
GBP/USD Forex Signal – Monday, June 5
Last Thursday’s signals produced profitable trades off both 1.2831 (long) and 1.2910 (short). Today’s GBP/USD Signals Risk 0.75% per trade. Trades may be entered between 8am and 5pm London time today only. Long Trades Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.2831 or 1.2772. […]
Will Millennials Ever Become A Generation Of Homeowners: BofA Has A Troubling Answer
America’s biggest as of 2016 generation, the Millennials, has a heavy burden on its collective 150 million shoulders: its task is to not only step in as a buyer of stocks once the baby boomers begin selling in bulk, but to also provide the much needed support pillar for the recovery of the US housing market. In […]
Trading The GBP Ahead Of The Election
A cursory look at the cable does not reveal anything out of the ordinary. The GBP/USD pair is trading at 1.2882, down 0.02% or $0.0003. Over the course of 1 week, the GBP/USD pair has been rather stable with little vertical movement whatsoever. This is particularly surprising given the gravity of recent events taking place in the […]
Chemical Industry Downturn Challenges Stock Market Optimism
Stock markets used to be a reliable indicator for the global economy, and for national economies. But that was before the central banks started targeting them as part of their stimulus programmes. They have increased debt levels by around $30tn since the start of the Crisis in 2008, and much of this money has gone […]
Macro Mondays: An Economic Opine On The Paris Accord
For this special edition of Macro Mondays, I wanted to touch on a topic that’s very recent and at the forefront of quite a few minds. On June 1st, President Trump formally announced that the United States would withdraw its support for the Paris Agreement: an agreement within the United Nations Framework Convention on Climate Change […]
Stocks, Bonds, Euro, And Gold Go Up
The jobs report was disappointing. The prices of gold, and even more so silver, took off. In three hours, they gained $18 and 39 cents. Before we try to read into the connection, it is worth pausing to consider how another market responded. We don’t often discuss the stock market (and we have not been […]
Sensex Trades Marginally Higher; Consumer Durables Sector Up 5.9%
Indian share markets are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the consumer durables sector and realty sector witnessing most of the buying interest. The BSE Sensex is trading up 60 points (up 0.2%), while the NSE Nifty is trading up by 24 points (up 0.2%). The BSE Mid Cap index is trading up by 0.4%, while the BSE […]
Oil Heads Higher As Countries Break With Qatar
Both Brent crude futures and U.S. WTI futures were broadly higher during Monday’s Asian session as Saudi Arabia, Egypt, Bahrain and the United Arab Emirates broke ties with Qatar on fears that Doha’s connections to terrorism would cause issues of national security. Qatar has long supported the Muslim Brotherhood, the world’s oldest Islamist movement. The […]
EUR/USD Builds Higher High Which Challenges 1.13 Resistance
EUR/USD 4 hour The EUR/USD bounced at the support levels (green/blue) and showed one more bullish rally. The new higher high is challenging the 100% Fib level at 1.13 of wave 2 (green), which is a break or bounce zone. 1 hour The EUR/USD is in a bullish trend channel (red/blue lines). The breakout direction […]
