Summary: There are several breadth and sentiment indicators that suggest the indices have reached, or are at near, a one month low. But more importantly, for the first time in awhile it is possible to see an endgame to the sideways trading range that h…
I have a dream. Well, I had a dream, but maybe it’s never coming true, so I’ll revel in my real dream.
In a tiny subsection of the analytical world, analysis is becoming more pointed and poignant.
So many myths were busted in today’s Employment Cost Index (ECI) report from the Labor Department, which should put the kibosh on wage inflation claims until…the next Employment Cost report.
Claims that U.S. wage inflation is finally taking off have moved from the ridiculous to whatever comes afterwards – and that may mean “conflicted.”
The quarterly increase in US wages was just 0.2% according to the latest release of the Employment Cost Index. In fact, it is the lowest on record. The ECI tracks worker compensation over time, so it has some advantages over competing measures of wage growth (which are also lousy). Of course, with 93.6 million […]
Even before digital currency landed on the public’s radar in 2013, people have been asking whether Bigcoin was a Ponzi scheme. Many of Bitcoin’s critics are convinced the answer is yes.
In case you are wondering what the meaning of “some” is—-don’t bother. It’s just the same old Fed ritual incantation, chanted in 2/2 “cut time”. That means there are only two beats to each of its monthly meeting measures—–employment and inflation. Like in the musical world, each beat is a half-note. But they might be better described as half-assed notes. The denizens of the Eccles…
Not all growth is created equal.