Monthly Archive: June 2021

(Not) Living Large on Social Security

2021-06-03

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2021-06-03

Social Security, 1960 - 2020
How many retired workers are getting less than $1,000 per month in Social Security benefits? The question came up and I was curious enough to find the answer, and download the data into an Excel spreadsheet which I saved as a

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A Deeper Dive Into Silver

2021-06-03

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2021-06-03

Silver Basis and Co-basis and the Dollar Price
The prices of the metals hit their lows by the end of April. Gold traded for around $1,685, and is now over $1,900. Silver was around $24, and is now over $28. These are big moves (though of course nothing like bitcoin).

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The Fed’s Policies since the 2020 Coronavirus Panic

2021-06-03

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2021-06-03

Total Assets Held by the Federal Reserve, 2004 - 2020
In chapter 7 we summarized some of the major changes in how central banks have operated since the 2008 financial crisis. In the present chapter, we detail some of the even more recent changes in Federal Reserve operations since the onset of the coronavirus panic in March 2020.

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FQX Secures $4.7M in Seed Funding Led By Earlybird Venture Capital and SIX Ventures

2021-06-02

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2021-06-02

Zurich-based FQX secures $4.7M in seed funding to scale their revolutionary eNoteTM infrastructure. Earlybird led the round with participation of SIX Fintech Ventures, the non-strategic corporate venture arm of SIX, and the unicorn founder Carsten Thoma.

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FX Daily, June 02: The Dollar Snaps Back

2021-06-02

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2021-06-02

The US dollar is enjoying broad, even if not large, gains today following yesterday's recovery from three-year lows against sterling and four-year lows against the Canadian dollar. The greenback is firmer against all the major currencies.

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Swiss Aviation Sector Aims to go Carbon Neutral by 2050

2021-06-02

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2021-06-02

The Swiss aviation sector, which includes Swiss International Air Lines and Zurich Airport, has pledged to slash CO2 emissions and make flying net zero by 2050.

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Gold’s Middle Finger To Lying Currencies

2021-06-02

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2021-06-02

U.S. CPI for All Urban Consumers, 1950 - 2020
Authored by Matthew Piepenburg via GoldSwitzerland.com,Sensationalism, like central bankers and policy makers, has many faces, views and voices.This may explain why so many want to hold their ears, hug their knees and beg the heavens for a beacon of guiding light amidst a 24/7 fog of info-cycle pablum masquerading as information.

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West Virginia Gov. Personally On The Hook For $700MM In Greensill Collapse

2021-06-01

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2021-06-01

The collapse of Greensill Capital has been the biggest financial scandal of the year so far, having set off a massive public corruption scandal in the UK that has deeply embarrassed the ruling Conservative Party due to the close involvement of former PM David Cameron, who was on the Greensill.

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FX Daily, June 01: CNY Softens after PBOC’s Move; Equities Advance on Stronger World Outlook

2021-06-01

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2021-06-01

The US dollar fell against most major currencies following the PBOC's modest move to reduce the upward pressure on the yuan. Follow-through selling was seen earlier today, and sterling reached a new three-year high. However, the dollar found a bid in the European morning, while the Scandi currencies held on to most of their earlier gains.

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How Swiss Asset Managers Opened their Doors to Lex Greensill

2021-06-01

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2021-06-01

In late 2014, David Solo lent A$12.2 million (CHF8.5 million) to a little-known supply-chain finance group with eye-catching claims. Greensill Capital, which was trying to muscle in on a corner of finance dominated for decades by banks, vowed to make “finance fairer” and declared that it would be “democratising capital”.

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Private Security Isn’t Enough: Why America Needs Militias

2021-06-01

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2021-06-01

In late May we learned that, after a five-month deployment to one of the most dangerous cities in the world, the American military would finally be going home. Well, not really. They already were home. The dangerous warzone was the American federal capital, Washington, DC. And the “danger” that the military was supposed to be countering was entirely government made.

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