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Toward Resolving the Low Wage Conundrum

May 30, 2017
There are many puzzles that befuddle economists.  One is why productivity is so low.  Another is the return of the old Greenspan conundrum of why long-term interest rates do not increase as the Fed raises short-term rates.   As the monthly non-farm payroll report approaches, it may be useful to consider another conundrum.  Why is wage growth so la…
Toward Resolving the Low Wage Conundrum Toward Resolving the Low Wage Conundrum Reviewed by Marc Chandler on May 30, 2017 Rating: 5
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Mixed Dollar as Market Awaits Preliminary EMU CPI and US Jobs

May 30, 2017
With the backdrop of US interest rates unable to get much traction, despite the strong probability of another Fed rate hike in a couple of weeks, the third since last November election, the US dollar mixed today.   The chief story today, though, is not the greenback but the euro.  The euro is trading heavily for the fourth session.  
The single cur…
Mixed Dollar as Market Awaits Preliminary EMU CPI and US Jobs Mixed Dollar as Market Awaits Preliminary EMU CPI and US Jobs Reviewed by Marc Chandler on May 30, 2017 Rating: 5
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What Happened Monday

May 29, 2017
The markets of the world's two largest economies, the US and China were closed on Monday, May 29.    As one would expect, capital markets were mostly quiet. 
Even the launch of another ballistic missile test by North Korea, the ninth this year, which followed on the heels of the G7 pledge to increase pressure on the rogue nation to abandon its …
What Happened Monday What Happened Monday Reviewed by Marc Chandler on May 29, 2017 Rating: 5
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