Monthly Archive: May 2022

Shiba Inu Gründer verschwindet aus dem Internet

2022-05-31

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2022-05-31

Der als Dogecoin-Clone gestartete Meme-Coin Shiba Inu (SHIB) sorgte zum Beginn der Woche für Aufsehen. Allerdings ging es diesmal nicht um eine Preis-Rallye, es ging um den Gründer des Cryptocoins. Denn dieser verschwand am Montag aus dem Internet. Crypto News: Shiba Inu Gründer verschwindet aus dem InternetDer Gründer hatte am Montag seine Tweets und Posts im Zusammenhang mit SHIB gelöscht, so dass sich viele Nutzer fragten, was gerade hinter den...

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Weekly Market Pulse: Is The Bear Market Over?

2022-05-31

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2022-05-31

Stocks had a rip snorter of a rally last week and a lot of people are pondering the question in the title over this long weekend. The S&P 500 was down 20.9% from intraday high (4818.62, January 4th) to intraday low (3810.32, May 20th). From that intraday low the market has risen 9.1% in just six trading days.

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China stalling on trade talks with Switzerland, say papers

2022-05-31

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2022-05-31

Switzerland wants to update its 2014 free trade agreement with China, but Beijing refuses to talk, owing to criticism of its human rights record, report the NZZ am Sonntag and SonntagsBlick newspapers.

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Inventory Flood Continues Just As Consumers Tap Out

2022-05-31

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2022-05-31

If it continues to play out the same way, it would be all the worst scenarios lumped together all at the same time. A real unfortunate convergence, yet one that has been entirely predictable. Consumers reaching their absolute spending limits.

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Swiss Retail Sales, April 2022: -5.1 percent Nominal and -6.0 percent Real

2022-05-31

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2022-05-31

Switzerland Retail Sales YoY, April 2022
Turnover adjusted for sales days and holidays fell in the retail sector by 5.1% in nominal terms in April 2022 compared with the previous year. Seasonally adjusted, nominal turnover fell by 1.2% compared with the previous month.

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Inflation, War, and Oil: How Today’s Crises Are Rehashing the 1970s

2022-05-31

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2022-05-31

Persistently loose monetary policies always have negative growth and distributional effects that impair political stability. In extreme cases, there are civil wars and armed conflicts between countries.

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The Backstory of the Great Reset, or How to Destroy Classical Liberalism

2022-05-31

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2022-05-31

As should be clear by now, Francis Fukuyama’s declaration in The End of History: The Last Man (1992) that we had arrived at “the end of history” did not mean that classical liberalism, or laissez-faire economics, had emerged victorious over communism and fascism, or that the final ideological hegemony signaled the end of socialism.

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High Inflation May Already Be Behind Us

2022-05-30

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2022-05-30

High inflation has captured the headlines as of late particularly as CPI recently hit the highest levels since 1981. Some are even suggesting we will face hyperinflation. However, while inflation is certainly present, the question to be answered is whether it will remain that way, or if the worst may already be behind us?

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Swiss supermarket products for children have too much sugar

2022-05-30

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2022-05-30

The overwhelming majority of products with packaging designed to appeal to children contain too much sugar, salt or fat, report Le Matin Dimanche and SonntagsZeitung newspapers.

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Livelihoods in a Degrowth Economy

2022-05-30

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2022-05-30

The sooner we start preparing for degrowth, the better off we'll be. A Chinese proverb captures this succinctly: By the time you're thirsty, it's too late to dig a well. Let's consider livelihood options in an unsustainable economy of extremes that are unraveling, an economy that is being forced to transition to Degrowth.

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To Succeed, the AfCFTA Must Be about Actual Free Trade, Not Government-Managed “Free Trade”

2022-05-30

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2022-05-30

The African Continental Free Trade Area (AfCFTA) is the world's largest free trade area by the number of countries. It is the most ambitious and, given demographic trends, the most promising free trade project on earth. The AfCFTA matters very much to Africa's economies separately and to the continent's collaborative and integrated economic development.

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‘Unconscionably Excessive’ Denial

2022-05-30

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2022-05-30

What would “unconscionably excessive” even look, legally speaking? More to the issue, who gets to decide what constitutes “excessive?”

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Austrian Economists Are Not Surprised by the Shortages

2022-05-30

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2022-05-30

While supporters of the Biden administration fault Putin for shortages, Austrian economists know the answer lies in Washington's monetary and economic mismanagement.

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Ukraine war hits supplies of food packaging material

2022-05-30

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2022-05-30

Switzerland is considering emergency stockpiling of plastic packaging as the Ukraine war brings a world shortage of packaging material, reports the NZZ am Sonntag.

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Deirdre McCloskey Becomes a Fellow of the Erasmus Forum

2022-05-29

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2022-05-29

The Austrian Economics Center and the Hayek Institut congratulate Deirdre McCloskey on becoming a Fellow of the Erasmus Historical and Cultural Research Forum.

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Is It Being Demanded?

2022-05-29

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2022-05-29

Shipping container rates have been dropping since early March – right around the time when we had just experienced our “collateral days” and then stood by to witness chaotic financial fireworks, inversions, the whole thing.

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Christianity and the Development of Human Capital: Challenging the Narratives

2022-05-29

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2022-05-29

Audio Mises Wire
While the standard secular narrative is that Christianity held back science and human development, history tells a different story, one of literacy and the development of human capital.

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China sorgt für Crash des Altcoins STEPN

2022-05-28

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2022-05-28

Innerhalb weniger Stunden verloren zwei Cryptocoins genannt GMT und Green Satoshi etwa die Hälfte ihres Werts. Die Ursache für den Crash zeigt, wie staatliche Eingriffe den Markt zum Glückspiel machen können. Crypto News: China sorgt für Crash des Altcoins STEPNGreen Satoshi fiel von knapp über 2 US-Dollar auf etwas mehr als einen Dollar. GMT fiel von 1,38 US-Dollar auf ungefähr 0,80 US-Dollar. Was war passiert?Beide Altcoins sind über das Projekt...

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Public Healthcare Threatens Liberty in the U.S.

2022-05-28

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2022-05-28

Despite higher healthcare costs, Americans receive better healthcare, provided by the individually tailored healthcare plans, courtesy of the private sector. 

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Hong Kong Stocks Pivot Euro$ #5

2022-05-28

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2022-05-28

The stock market hasn’t been moneyed; well, US equities, anyway. What do I mean by “moneyed?” Common perceptions (myth) link the Federal Reserve’s so-called money printing (bank reserves) with share prices.

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