Monthly Archive: November 2024

EUR/CHF Price Forecast: Attempting a bearish breakout from a Triangle pattern

2024-11-12

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2024-11-12

EUR/CHF is trying to break out of a Triangle pattern.  If it succeeds it will probably lead to further downside towards the price objective for the pattern. EUR/CHF is attempting to break out of a Triangle pattern it has formed over the last three months (see chart below). EUR/CHF Daily Chart A bearish close on Tuesday will indicate a decisive breakout has happened and suggest the start of a likely strong decline.  The market activity prior to...

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Make Money Free Again

2024-11-12

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2024-11-12

Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press conference where he said that he would not comply with any presidential request that he step down before his term ends in May of 2026.Powell claimed that the president lacks the legal...

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Here Come the Awful Neocon Trump Appointments

2024-11-12

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2024-11-12

The first Trump term was notable for countless terrible appointments Trump made. This was true in terms of both politics and policy. On the political end, Trump appointed people who routinely sought to undermine him politically. Many of Trump’s own appointees would go on to campaign against Trump in 2020 and 2024. Trump’s more clueless followers assured us that this was all, somehow, 4-D chess. Of course, it wasn’t. The 4-D chess trope has always...

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Higher Yields Help Extend the Dollar’s Gains

2024-11-12

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2024-11-12

Overview: The dollar continues to ride high. It is up 0.20%-0.50% today against the G10 currencies. Most pairs have extended last week's moves. The Dollar Index, which was near 100 in late September is approaching 106.00. Emerging market currencies are all weaker, as well. The dollar is being helped by higher US yields. After yesterday's holiday, the US 10-year yield is up five basis points to near 4.36%. The two-year yield also is five basis...

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The Battle on Lake Geneva—Mises vs. the Statists at Mont Pelerin

2024-11-12

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2024-11-12

Europe was slowly, painfully recovering from WWII. Liberalism—which had seemingly won the day against fascism in the West—was seeking to revitalize itself. It had tried before the war—through the Walter Lippmann colloquium—to moderate itself back into relevance. Many of the figures from the colloquium were intent to try again, with lessons learned from the war. One attendee—Ludwig von Mises—had no intentions of moderating, and was even more...

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Why “Majority Rule” Doesn’t Work

2024-11-12

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2024-11-12

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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Exuberance – Investors Have Rarely Been So Optimistic

2024-11-12

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2024-11-12

Investor exuberance has rarely been so optimistic. In a recent post, we discussed investor expectations of returns over the next year, according to the Conference Board’s Sentiment Index. To wit: “Consumer confidence in higher stock prices in the next year remains at the highest since 2018, following the 2017 “Trump” tax cuts.“ (Note: this survey was completed before the Presidential Election.) We also discussed households’ allocations...

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Price Controls and Alcoholism—The Buzz First, the Hangover Later

2024-11-12

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2024-11-12

Just ignore the economists, says a recent article in The Atlantic. Well, what about listening to economists concerning the devastating effects of price controls? If we ignore economists, then it would be easy to ignore market interventionists’ uncontrollable and intoxicating need to impose price floors and ceilings in marketplaces and the effects of these controls on society at large. What economists know that The Atlantic author does not know is...

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Is Switzerland as innovative as it ranks?

2024-11-12

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2024-11-12

Switzerland is a hub for research, high-skilled workers, and advanced manufacturing, especially in areas like biotech, robotics, and engineering. Keystone / Salvatore Di Nolfi Listen to the article Listening the article...

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How to Pitch Austrian Economics to Stable Economies

2024-11-12

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2024-11-12

The images coming out of Latin America are hard to ignore. Tens of thousands of gang members in Bukele’s El Salvador lined up, shoulder-to-shoulder, waiting to be placed in prison, their rights suspended as a result of a crackdown on gang activity. Hundreds of government workers for AFIP—Argentina’s version of the IRS—standing in a multi-level gallery, papers drifting down to the bottom floor as they learn the agency has been shuttered. While the...

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Assumptions in Economics and in the Real World

2024-11-11

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2024-11-11

Assumptions that some economists are employing in their theories appear to be detached from the real world. For example, in order to explain the economic crisis in Japan, Paul Krugman employed a theory based on the assumptions that people are identical and live forever. Whilst admitting that these assumptions are not realistic, Krugman nonetheless is of the view that somehow his theory could be useful in offering solutions to the economic crisis in...

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Super Micro Is Not So Super Anymore

2024-11-11

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2024-11-11

Super Micro Computer Inc. (SMCI) was the market's darling only six months ago. Amazingly, Its stock, had risen 3x in just the first three months of 2024. Consequently, S&P Global announced its addition to the S&P 500 Index. The announcement is annotated below with a box in early March. Furthermore, the circle, which coincides with …

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Your Kids Are Already Communist, and College Will Make It Worse

2024-11-11

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2024-11-11

Children in the US are raised to be communists. Most of the parents are too and don’t even know it. It doesn’t matter if you send them to public or private schools as all the education degree-granting schools bias the learning process against the competitive capitalist “liberal” or open-minded society. Instead, the curriculum is less about learning about reality and is heavy on propagandizing children against capitalism and towards...

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Swiss hoteliers are cautiously optimistic for the winter season

2024-11-11

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2024-11-11

Swiss hoteliers are cautiously optimistic for the winter season Keystone-SDA Listen to the article Listening the article Toggle language selector...

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The Dollar Remains Bid, While the Euro and Swiss Franc are Sold Through Last Week’s Lows

2024-11-11

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2024-11-11

Overview: The dollar is bid to start the new week. It has taken out last week's high against the Swiss franc, and the euro has been sold through last week's lows. The divided opposition allowed Ishiba to continue as Japan's prime minister, heading up a minority government. The German government collapsed last week. Chancellor Scholz wanted to hold off holding (and losing) a vote of confidence until January, setting the stage for elections, but it...

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Mises on the Human and Financial Disaster that Was World War I.

2024-11-11

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2024-11-11

Ludwig von Mises had several experiences throughout his life, counted among them when he was drafted and served as an Austro-Hungarian officer in the First World War. Initially, he served as an artillery officer on the Eastern Front, then, for a short time, he was called to Vienna to work in Department 13 (relating to military economy) of the Ministry of War of the Empire of Austria and Hungary.In Notes and Recollections, in the chapter devoted to...

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The Perils of Lawfare

2024-11-11

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2024-11-11

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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Does the Central Bank Determine Interest Rates?

2024-11-11

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2024-11-11

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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No Matter the Form, Easy Money Is Still a Fraud

2024-11-11

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2024-11-11

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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Who Killed Liberalism? Remembering the Walter Lippmann-Mises Colloquium

2024-11-11

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2024-11-11

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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