Monthly Archive: June 2022

Hotel booking platforms to face legal restrictions

2022-06-12

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2022-06-12

Parliament has approved restrictions on online reservation platforms to protect the Swiss hotel sector.

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Speaker Boehner Readies Final Sellout As Debt Ceiling Debacle Looms

2022-06-12

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2022-06-12

It's campaign season, and that means non-stop media coverage of candidate polls, quips, gaffes, tweets, emails, controversies, lies, and scandals. It all makes for a good soap opera. Unfortunately, it's almost all irrelevant in the big picture. The media prefer to focus on the sideshow rather than the 800-pound gorilla in the room: the looming debt crisis.

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What Is Stagflation and What Causes It?

2022-06-12

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2022-06-12

The occurrence of stagflation is associated with a situation of general strengthening in the momentum of prices while at the same time the pace of economic activity is declining. A famous stagflation episode occurred during the 1974û75 period, as year-on-year industrial production fell by nearly 13 percent in March 1975 while the yearly growth rate of the Consumer Price Index (CPI) jumped to around 12 percent.

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Simple Economics and Money Math

2022-06-12

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2022-06-12

The BLS’s most recent labor market data is, well, troubling. Even the preferred if artificially-smooth Establishment Survey indicates that something has changed since around March. A slowdown at least, leaving more questions than answers (from President Phillips).

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Fed 50, BOE 25, and the BOJ to Stand Pat: Week Ahead

2022-06-11

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2022-06-11

Three G7 central banks meet in the coming days, and they dominate the macro stage. The Federal Reserve's meeting concludes on Wednesday, the Bank of England on Thursday, and the Bank of Japan on Friday.

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Shitcoin Elon GOAT schafft es in die Massenmedien

2022-06-11

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2022-06-11

Elon GOAT ($EGT) tauchte letzte Woche in den Massenmedien auf. In einem kurzen Segment auf Fox Business wurde der Altcoin mit den dafür Verantwortlichen besprochen.

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Credit Suisse pushed for spyware sales at NSO despite US blacklisting

2022-06-11

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2022-06-11

Credit Suisse pushed for NSO Group to keep selling its Pegasus spyware to new customers just weeks after the US blacklisted the Israeli cyberweapon manufacturer, saying authoritarian regimes had used its hacking tool to silence dissent.

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Analysis Featured In Gold We Trust Report 2022

2022-06-11

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2022-06-11

For well over a decade, Ronnie Stoeferle has written the annual In Gold We Trust Report. Since 2013 it has been co-authored by his partner Mark Valek and has provided a holistic assessment of the gold sector and the most important factors influencing it, including interest rates, debt, central bank policy and fundamental analysis.

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What Is Wrong with the Fed’s Inflationist Policy?

2022-06-11

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2022-06-11

Christopher Leonard’s book brings to mind the familiar line from Faust: “Two souls, alas! dwell in my breast.” Leonard offers a penetrating criticism of the Fed’s vast expansion of the money supply, which has won for him praise from the noted hard-money advocate and friend of the Mises Institute James Grant.

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“Inflation” Not Inflation, Through The Eyes of Inventory

2022-06-11

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2022-06-11

It isn’t just semantics, nor some trivial, egotistical use of quotation marks. There is an actual and vast difference between inflation and “inflation.” And in the final results, that difference isn’t strictly or even mainly about consumer prices.Who cares, most people wonder. After all, what does it really matter why prices are going up so far?

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Rothbard vs. the Religion of Progressivism

2022-06-11

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2022-06-11

Our main text for the Rothbard Graduate Seminar this week is Murray Rothbard’s Power and Market: Government and the Economy, which contains a systematic treatment of one area of economic theory, interventionism.

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Switzerland wants to play key role in rebuilding Ukraine

2022-06-10

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2022-06-10

The Swiss are hosting a major international conference on reconstruction in Ukraine at the beginning of July. The agenda and a participants’ list are currently taking shape.  However, it’s unclear how much international enthusiasm this event – and its aims – will garner in the end.

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Respect the Fed? No, End the Fed

2022-06-10

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2022-06-10

President Joe Biden has unveiled a three-part plan to fight inflation — or at least make people think he is fighting inflation. One part of the plan involves having government agencies “fix” the supply chain problems that have led to shortages of numerous products.

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Degradation and Nationalization: The Inevitable Ways of Russian Autocratic Economic Policy

2022-06-10

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2022-06-10

As Russian political scientist Gleb Pavlovsky has quite rightly said, one should not consider the five-thousand-plus sanctions imposed against the Russian Federation as of this writing as sanctions in the normal diplomatic and economic sense.

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A Volcker Pan Recession

2022-06-10

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2022-06-10

The Volcker Myth is simple because there isn’t math for it just voodoo economics (to borrow George HW Bush’s phrase). In theory, the FOMC finally realized after more than a decade of currency devastation and its economic, financial, and social consequences, hey, inflation and money.

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Auch Luna-Neustart gescheitert

2022-06-09

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2022-06-09

Ob das Luna (Terra)-Projekt noch gerettet werden kann, steht in den Sternen. Nachdem der ursprüngliche Cryptocoin bereits abstürzte, ist jetzt auch der Relaunch gescheitert – zumindest vorerst. Crypto News: Auch Luna-Neustart gescheitertDer Kopf von Terra, Do Kwon, ist vielen dadurch bekannt geworden, dass sein Projekt einen historischen Absturz erlebte. Im Mai dieses Jahres verlor Terra innerhalb von ungefähr 5 Tagen seinen Wert vollständig. Von...

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Sustainable investments boom in Switzerland

2022-06-09

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2022-06-09

The volume of sustainable investments in Switzerland increased by almost a third last year, reaching an all-time high of CHF1.98 trillion ($2 trillion). 

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Over to the ECB

2022-06-09

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2022-06-09

Overview: Equity markets in Asia Pacific and Europe are weaker.  The main exception in Asia Pacific was India, where the market rose by about 0.75%. 

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Are Today’s Homeownership Rates Sustainable?

2022-06-09

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2022-06-09

There is scattered evidence that home prices are finally starting to slow down. But, if the phenomenon is system-wide, we’re still waiting to see the evidence in numbers. Last week, the most recent Case-Shiller national data, for example, showed that home prices in March rose an eye-popping 20 percent, year over year.

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There’s No Stopping a Recessionary Reckoning

2022-06-09

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2022-06-09

If there was only one causal factor nudging the economy into recession, it might be a mild, brief recession. But with all five conditions in confluence, this recession will be unlike any other. Recessions reliably arise from the confluence of these conditions. Note that any one condition can trigger a recession, but no one condition guarantees a recession.

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