Monthly Archive: July 2021

The Moment Wall Street Has Been Waiting For: Retail Is All In

2021-07-29

by

2021-07-29

The ideal bagholder is one who adds more on every downturn (buy the dip) and who refuses to sell (diamond hands), holding on for the inevitable Fed-fueled rally to new highs. Old hands on Wall Street have been wary of being bearish for one reason, and no, it's not the Federal Reserve: the old hands have been waiting for retail--the individual investor-- to go all-in stocks. After 13 long years, this moment has finally arrived: retail is...

Read More »

The far-reaching implications of the amateur trading wave

2021-07-29

by

2021-07-29

Part II of II by Claudio Grass, Hünenberg See, Switzerland Case in point: Silver “apes”  One of the most astounding elements of this shift in retail investing is the proof it offers for what many of us knew along: When people can freely and directly vote with their wallets and put their money where their mouth is, one gets a much clearer picture of what the public, the market or any other large group really thinks and really wants. In...

Read More »

The far-reaching implications of the amateur trading wave

2021-07-27

by

2021-07-27

2020 certainly was a year of a lot of “firsts”, most them extremely destructive to the economy, to our societies and to our everyday lives. However, there were a few positive developments too, among them being the fact that it was the year that ordinary people discovered and entered financial markets. 

Read More »

Credit Suisse reaches deal with former employee in spying case

2021-07-27

by

2021-07-27

The Swiss bank and its former top manager Iqbal Khan have agreed to end all pending criminal proceedings in a 2019 spying affair that toppled the company’s top brass. Speaking to the Reuters news agency, a spokesperson for Credit Suisse confirmed a report in the newspaper NZZ am Sonntag that, following an agreement between “all parties”, the matter was now closed.

Read More »

Secession and the Production of Defense

2021-07-27

by

2021-07-27

[unable to retrieve full-text content][Chapter 11 of The Myth of National Defense: Essays on the Theory and History of Security Production, edited by Hans-Hermann Hoppe (Auburn, Ala.: Mises Institute, 2003), pp. 369–413.] Few people object to the private production of shoes or rock concerts.

Read More »

Motivated Reasoning About Silver

2021-07-27

by

2021-07-27

Gold Basis, Co-basis and Dollar Price
We’re seeing the argument, again, that silver stocks are being consumed in solar panels, medical applications, and of course, electronics. This argument has a certain temptation. After all, the standard assumption is that value is inversely proportional to quantity. Purchasing power is widely believed to be 1 / N (N is number of units of currency issued).

Read More »

Golden Collateral Checking

2021-07-27

by

2021-07-27

Dollar Correlations, 2018-2021
Searching for clues or even small collateral indications, you can’t leave out the gold market. We’ve been on the lookout for scarcity primarily via the T-bill market, and that’s a good place to start, yet looking back to last March the relationship between bills and bullion was uniquely strong. It’s therefore a persuasive pattern if or when it turns up again.

Read More »

Weekly Market Pulse: Buy The Dip, If You Can

2021-07-26

by

2021-07-26

If you were waiting for a correction in stock prices to put some money to work, you got your chance last week. The Dow Jones Industrial Average was down nearly 1000 points at the low Monday and closed down 725, a loss of a little over 2%. The S&P 500 did a little better but closed down 1.5%.

Read More »

Freedom Is Not Free You Have To Fight For It, The People Will Demand Decentralization

2021-07-26

by

2021-07-26

Claudio begins his discussion with him taking a trip from Switzerland to Spain. On his travels he realized that the borders are open for cars and people were not asked for proof of vaccination. The people will begin to come together when they cannot function in everyday life because of inflation. People will look for decentralization because the globalist system does not work for the people.  Freedom is not free you have to fight for it.

Read More »

Tourism sector will take decades to recover from pandemic

2021-07-26

by

2021-07-26

The president of the national marketing body Switzerland Tourism says the year 2021 is on course to be even worse than 2020, with 5% fewer hotel stays expected. "This is not good news, because 2020 was the worst year in history" for the sector, Martin Nydegger told the newspaper SonntagsZeitung.

Read More »

America Is a Moral Cesspool, and Student Loans Prove It

2021-07-26

by

2021-07-26

Student Loans Owned and Securitized, 2008-2020
If America somehow managed to educate millions of college students without burdening them with $2 trillion in debt in 1993, why is it now "impossible" to do so, even as America's wealth and gross national product (GDP) have both rocketed higher over the past 27 years?

Read More »

Biden’s Dangerous Inflation Denials

2021-07-25

by

2021-07-25

President Joe Biden is in denial about inflation. This week he superficially addressed the problem by admitting the obvious – that prices have been rising rapidly this year – while denying that the inflation surge represents anything out of the ordinary.

Read More »

Swiss flood damage could cost half a billion francs

2021-07-25

by

2021-07-25

Switzerland’s four largest buildings insurers estimate the costs of recent weather events could reach half a billion francs across Switzerland, reported RTS. According to Grégoire Deiss, who works for the cantonal buildings insurer ECAB in Fribourg, the cost of recent storms and flooding could be around CHF 500 million across all of Switzerland, a figure he based on claims that have been made so far.

Read More »

Economy, Society, and History

2021-07-25

by

2021-07-25

In June 2004, Professor Hoppe visited the Mises Institute in Auburn to deliver an ambitious series of lectures titled Economy, Society, and History. Over ten lectures, one each morning and afternoon for a week, Dr. Hoppe presented nothing short of a sweeping historical narrative and vision for a society rooted in markets and property.

Read More »

Vote to increase Swiss retirement age clears signature hurdle

2021-07-24

by

2021-07-24

The youth chapter of the PLR (FDP) has successfully collected enough signatures for an initiative to raise the official retirement age in Switzerland to 66 years old, reported RTS. On 16 July 2021, initiative organisers submitted 145,000 voter signatures as part of the formal process of launching a referendum in Switzerland.

Read More »

Quantitative Easing: A Boon or Curse?

2021-07-24

by

2021-07-24

Central banks’ massive Quantitative Easing (QE) programs have come under scrutiny many times since the central banks fired up the printing press and began quantitative easing programs en masse after the 2008-09 Great Financial Crisis. However, the increase in central bank assets due to quantitative easing programs during the crisis pale in comparison to the QE programs during the Covid pandemic. As economies recovered after the...

Read More »

Eurodollar University’s Making Sense; Episode 89, Part 2: Let’s Crack China’s RRR Code

2021-07-24

by

2021-07-24

89.2 China Warns World of (Next?) Dollar Disorder. The People’s Bank of China lowers its bank Required Reserve Ratio to get money into a slowing economy. A lowered RRR means that there aren’t enough (euro)dollars flowing into China. Why? Because there aren’t enough (euro)dollars in the world. A lower RRR is a warning for the whole world.

Read More »

European Unification as the New Frontier of Collectivism: The Case for Competitive Federalism and Polycentric Law

2021-07-24

by

2021-07-24

Frankfurt, Bremen, Hamburg, Luebeck are large and brilliant, and their impact on the prosperity of Germany is incalculable. Yet, would they remain what they are if they were to lose their independence and be incorporated?”— Johann Wolfgang von Goethe1

Read More »

Nassim Taleb Now Calls Bitcoin Worthless, Too Volatile to be a Useful Currency or Store of Value

2021-07-23

by

2021-07-23

Not only does bitcoin fail to satisfy the notion of being a currency without a government, but the cryptocurrency is also not a reliable inflation hedge nor a safe haven investment, Nassim Nicholas Taleb, a probability researcher and former quantitative trader, says in a recent paper.

Read More »

Google challenges Swiss data cloud contract decision

2021-07-23

by

2021-07-23

Google has appealed a recent Swiss decision to award a cloud-computing contract to five other digital firms. The tender process has also come under criticism by defenders of data sovereignty.

Read More »