Monthly Archive: May 2022

Bitcoin Crash sorgt für Panik im Markt

2022-05-12

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2022-05-12

Der Support bröckelte in den vergangenen Tagen weiter, so dass Bitcoin erst unterhalb von 30K wieder stabil wurde – der Markt reagierte mit Panik. Doch es gibt auch gute Nachrichten, die man erkennt, wenn man sich die langfristigen Daten des BTC-Preises ansieht. Bitcoin News: Bitcoin Crash sorgt für Panik im MarktAktuell ist der Bitcoin nur noch 28.400 US-Dollar wert. Ein neues Jahrestief vom Wochenanfang wurde damit nochmals unterboten. Doch die...

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Dollar and Yen Surge

2022-05-12

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2022-05-12

Overview: Global equities are bleeding lower. Several large markets in the Asia Pacific region, including Hong Kong, Taiwan, and India are off more than 2%. Japan and Australian bourses fell by more than 1.5%.

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Eurobonds Behind Euro$ #5’s Collateral Case

2022-05-12

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2022-05-12

The bond market is allegedly populated by the “smart” set, whereas those trading equities derided as the “dumb” money (not without some truth). I often wonder if it’s either/or. The fixed income system just went through this scarcely three years ago, yet all signs and evidence point to another repeat.

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Swiss Producer and Import Price Index in April 2022: +6.7 percent YoY, +1.3 percent MoM

2022-05-12

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2022-05-12

Switzerland Producer Price Index (PPI) YoY, April 2022
The Producer and Import Price Index increased in April 2022 by 1.3% compared with the previous month, reaching 108.4 points (December 2020 = 100). Higher prices were seen in particular for petroleum products as well as for basic metals and semi-finished metal products.

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Student Loans and Government Subsidies: Another Government “Benefit” Creates Financial Chaos

2022-05-12

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2022-05-12

The origins of the federal student loan program are well documented and follow a similar trajectory to most government subsidy programs in American history.

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Lighting the Gas under European Feet: How Politicians and Journalists Get Energy So Wrong

2022-05-12

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2022-05-12

“We live in a time where few understand how things get made. It is fine to not know where stuff comes from, but it isn’t fine to not know where stuff comes from while dictating to the rest of us how the economy should be run." —Doomberg

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Greenback Softens Ahead of CPI

2022-05-11

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2022-05-11

Overview: It appears that investors have become more concerned about growth prospects and less about inflation in recent days. The US 10-year yield that had flirted with 3.20% at the start of the week is now around 2.93%.

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Rothbard Explains The Failure of the “New Economics”

2022-05-11

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2022-05-11

For most people, economics has ever been the "dismal science," to be passed over quickly for more amusing sport. And yet, a glance at the world today will show that we pass over economics at our peril.

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The Chinese Slowdown: Much More Than Covid

2022-05-11

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2022-05-11

The most recent macroeconomic figures show that the Chinese slowdown is much more severe than expected and not only attributable to the covid-19 lockdowns. The lockdowns have an enormous impact. Twenty-six of 31 China mainland provinces have rising covid cases and the fear of a Shanghai-style lockdown is enormous.

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Industrial Synchronized Demand

2022-05-11

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2022-05-11

Are the industrial commodities starting to get a whiff of demand side rejection? Short run trends suggest that this could be the case. From copper to iron and the highest (formerly) of the high flyers, aluminum, this particular group has been exhibiting a rather synchronized setback going back to the end of March, start of April.

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No Rest for the Weary

2022-05-10

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2022-05-10

Overview: Risk appetites are improving on the margin. Asia Pacific stocks still fell after the sharp losses on Wall Street on Monday. Still, China, Taiwan and Indian equities traded higher. Europe's Stoxx 600 is snapping a four-day 6.5%+ slide and is up around 1.2% in late European morning turnover.

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Bitcoin Preis stürzt ab

2022-05-10

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2022-05-10

Bereits zum Ende der letzten Woche gab es einen klaren Preisabsturz des BTC. Doch zu Beginn der Woche setzte sich der Trend fort und führte den Bitcoin sogar zwischenzeitlich wieder unter 30.000 US-Dollar. Der Support bröckelte, fand sich jedoch heute Morgen wieder bei knapp oberhalb von 30K. Bitcoin News: Bitcoin Preis stürzt abMit dem jüngsten Preisabsturz purzelte der Gesamtmarkt auf ungefähr 1,5 Billionen an Wert. Damit hat der Cryptomarkt...

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Weekly View – Unsettled

2022-05-10

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2022-05-10

Last week’s 50 bps Fed rate hike was not a surprise. Indeed, Fed chairman Jerome Powell’s assertion that a 75 bps hike had not been actively considered was enough to spark a stock rally. But it proved short-lived, with markets quickly returning to their fears about inflation.

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Will the Pentagon Induce Russia to Use Tactical Nukes in Ukraine?

2022-05-10

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2022-05-10

For the past 25 years, the Pentagon has moved inexorably toward admitting Ukraine into NATO, which would then permit the Pentagon to install its nuclear missiles in Ukraine — that is, on Russia’s border.

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Recent price rises only the beginning, says Swiss consumer association

2022-05-10

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2022-05-10

Food, energy and housing costs are rising in Switzerland and consumers are beginning to change their spending habits. So far inflation in Switzerland has been moderate with annual inflation of 2.5%. However, according to FRC, a consumer association in French-speaking Switzerland, recent price rises are only the beginning, reported RTS.

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What Happens When Complexity Unravels?

2022-05-10

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2022-05-10

Those glancing at the appearances will be assured all is well and it will all sort itself out. Those who look behind the screen will move away as fast as they can. When finances tighten, there are two choices: cut expenses or increase revenues. Monopolies, cartels and governments can increase revenues by increasing taxes or the price of goods and services because users /customers / taxpayers have no alternative.

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Contrary to What Some Economists Claim, the Fed Can’t Give the Economy a “Neutral” Rate of Interest

2022-05-10

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2022-05-10

On April 19, 2022, at the Economic Club in New York, the Chicago Federal Reserve Bank president Charles Evans said the Fed is likely to lift by year end its federal funds rate target range close to the neutral range of between 2.25 to 2.50 percent. Furthermore, on April 21, 2022, Fed chairman Jerome Powell corroborated this by stating that the Fed wants to raise its benchmark rate to the neutral level.

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Forget What the “Experts” Claim about Deflation: It Strengthens the Economy

2022-05-09

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2022-05-09

For most experts, deflation is bad news since it generates expectations for a continued decline in prices, leading consumers to postpone the purchases of present goods, since they expect to purchase them at lower prices in the future. Consequently, this weakens the overall flow of current spending and this, in turn, weakens the economy.

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War in Ukraine – Week 10

2022-05-09

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2022-05-09

This is Liza. She is 15 years old. After her town got shelled and two people got injured she volunteered to drive them to get some medical help, because no one else would. First she got through mines on the road, then Russian soldiers shot at the car, injuring both of her legs. But she kept driving until the car stopped. Fortunately, they got picked up by our guys, and this brave little girl and her passengers are recovering right now.

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Stop organic farming to help future food crisis, says Syngenta boss

2022-05-09

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2022-05-09

Erik Fyrwald, the CEO of the Swiss agrochemicals group Syngenta, has called for an end to organic farming to avoid a worsening food crisis. The president of the Swiss Small Farmers’ Association meanwhile dismissed his arguments as “grotesque”.

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