Productivity Boom News

economy2 years ago•1 min saved

"Market Veteran Predicts Return of 'Roaring '20s' for US Economy"

Market veteran Ed Yardeni predicts that the US economy could experience a "roaring '20s" of rapid growth, driven by loose post-pandemic monetary policy and rapid technological change, drawing parallels to the productivity boom of the 1920s. He believes that the current technology revolution and the recent GDP expansion indicate the early stages of a productivity growth boom, echoing the views of UBS that the US economy may be headed for a "roaring '20s outcome".

via Business Insider|

#economy #growth #market-outlook

business2 years ago•5 min saved

Tesla's Stock Falls as Wall Street Loses Confidence

Tesla's stock fell 10% despite reporting a 47% increase in quarterly sales, as Wall Street analysts remain skeptical about the company's future. Traders have also placed large short bets against Tesla and its EV rivals, Rivian and Nio. Meanwhile, Michael Brush believes that high corporate investment in new technology and equipment will lead to a productivity boom, and he identifies 14 stocks expected to benefit from this trend. The Dow Jones Industrial Average is sending a bullish signal for the stock market according to Dow Theory. Spain is holding a highly contested election that could impact financial markets, and there is a comparison between Meta Platforms Inc. and Alphabet Inc. to determine which stock is a better buy. Additionally, there are factors beyond equipment and labor shortages that are causing inconvenience for U.S. air travelers, and the Federal Reserve is expected to raise interest rates again next week.

via MarketWatch|

#business #ev-market #productivity-boom