Monthly Archive: November 2024

Finding Shelter from Monetary Racketeers

2024-11-22

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2024-11-22

Henry Hazlitt said that to cure inflation, stop inflating, but surprisingly, most economists and politicians don’t want a cure. They believe a little inflation is not only good, but necessary.

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Mercury found in all Tuna tested in Switzerland

2024-11-22

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2024-11-22

Over recent weeks, mercury found in the tinned tuna sold across Europe has sparked a debate about the product. This week, RTS revealed the mercury levels of much of the tinned tuna sold in Switzerland.

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Distress in Commercial Real Estate Bonds Hits All-Time High

2024-11-22

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2024-11-22

Commercial real estate continues to suffer despite the Federal Reserve’s attempt at ameliorating the capital markets with a 50-basis point rate cut in September.The pain is especially apparent in the so-called “CRE-CLO” bond market.

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Euro and Sterling are Trying to Stabilize after Sharp Drop on Back of Disappointing Flash PMI

2024-11-22

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2024-11-22

Overview: Weak preliminary PMI readings in Europe, Japan, and Australia, underscore the apparent divergence with the US, sending the dollar broadly higher. The euro is currently recovering from the sell-off that took it to $1.0335 and sent sterling below $1.25. Only the yen, among the G10 currencies, has weathered today's dollar surge. Most emerging market currencies, especially from central Europe, are weaker. Despite the stronger dollar, gold is...

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Draper on War: When Is War Just?

2024-11-22

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2024-11-22

War and Individual Rights by Kai Draper; Oxford University Press, 2016, xii + 254 pp.Many people make fun of analytic philosophy because of its use of imaginary cases, often elaborated with what seems perverse ingenuity. It is better, critics claim, to stick close to reality.

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“Trumpflation” Risks Likely Overstated

2024-11-22

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2024-11-22

With the re-election of President Donald Trump, the worries about tariffs and pro-business policies sparked concerns of "Trumpflation." Inflation has been a top concern for policymakers, businesses, and everyday consumers, especially following the sharp price increases experienced over the past few years. However, growing evidence shows inflationary pressures continue to ease significantly, paving the way …

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AI Is Steaming To Nvidia’s Benefit

2024-11-22

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2024-11-22

Wall Street's poster child for AI is Nvidia. With an overwhelming market share in AI chip design, Nvidia is up over 200% year to date and a whopping 2680% over the last five years. Driving the price surge are incredible earnings, revenue growth, massive profit margins, and promising outlooks. Since 2020, Nvidia's sales have increased …

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Erzwungene Transformation – das große Missverständnis

2024-11-22

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2024-11-22

Zur Bedeutung des Wortes Transformation ist im Duden zu lesen „das Transformieren; das Transformiertwerden“. Diese Erklärung weist aus Sicht der Sprache auf einen Doppelcharakter hin – der Mensch kann selbst aktiv gestalten oder ein Objekt für die Umgestaltungswünsche anderer Menschen sein.

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Logs Only Roll In One Direction: Fighting Kinetic Energy

2024-11-22

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2024-11-22

Before anyone gets their hopes up about a reduction in government expenditures resulting from the upcoming Department of Government Efficiency (DOGE), remember that, once rolling, a log rolls in one direction—downhill—until stopped. But have any of us ever tried stopping a log as it accelerates down a hill?The LogAh, the log.

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The Fed’s Gold Standard Confusion

2024-11-22

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2024-11-22

Why did the United States abandon the gold standard? In an article published recently by the Federal Reserve Bank of St. Louis, Maria Hasenstab cites the international gold shortage during the Great Depression. “Countries around the world basically ran out of supply and were forced off the gold standard,” she writes.

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Avec 35 % des ventes, la vignette électronique s’est rapidement imposée en 2024

2024-11-21

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2024-11-21

Pour l’année 2024, les acheteuses et les acheteurs avaient le choix, pour la première fois, entre la vignette autocollante conventionnelle et la vignette électronique. Un bon tiers des personnes ont opté pour la version numérique.

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Wealth and Income Inequality Are Essential for Social Cooperation

2024-11-21

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2024-11-21

It is popularly deemed a sign of moral superiority and a mark of the “progressive” mind to heavily criticize the existence of inequalities of wealth and income within the social order of the division of labor and private ownership in the means of production.

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Switzerland launches national digital inclusion alliance

2024-11-21

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2024-11-21

The Swiss interior ministry estimates that around a third of society, including the elderly and people with disabilities, have difficulty grasping the basic functions of digital tools. Keystone / Christian Beutler Listen to the article Listening the...

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Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows

2024-11-21

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2024-11-21

Escalating tensions in Europe and comments from Bank of Japan Ueda that spurred speculation of a December hike are the main drivers of the foreign exchange market today. The yen is the strongest of the G10 currencies, up about 0.65%, while the euro is the weakest, off a little more than 0.25%, and sterling is down almost as much.

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Swiss Broadcasting Corporation to cut 1,000 jobs by 2029

2024-11-21

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2024-11-21

The job cuts are part of the biggest transformation project in the SBC's history. Keystone / Anthony Anex Listen to the article Listening the article Toggle language selector...

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USD/CHF Price Forecast: Trades sideways below 0.8850

2024-11-21

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2024-11-21

USD/CHF trades in a tight range below 0.8850 as investors seek fresh Fed interest rate cues. Donald Trump’s economic agenda will be inflationary for the US economy. Investors await flash US S&P Global PMI for November and SNB Schlegel’s speech, which are scheduled for Friday.

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SUVs account for over half of all new automobiles on Swiss roads

2024-11-21

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2024-11-21

In 2010, only 17% of all new cars were SUVs, the Comparis report noted. Keystone / Urs Flueeler Listen to the article Listening the article Toggle language selector...

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Target And Walmart: Same Business But Different Trends

2024-11-21

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2024-11-21

Yesterday's Commentary shared Walmart's outstanding earnings report and reviewed its surging share price from a technical basis. Despite being a head-to-head competitor of Walmart, Target is heading down a completely different path. Walmart beat EPS and revenue expectations easily, while Target was short. Target reported EPS of $1.85, well below estimates of $2.30. Unlike Walmart, …

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EUR/CHF: SNB policy rate can go negative again – ING

2024-11-21

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2024-11-21

EUR/CHF remains on the low near 0.93, ING’s Chris Turner notes. EUR/CHF to grind towards 0.92 “In August we had felt that EUR/CHF would stay offered for the rest of the year and recent events only add to that conviction.”

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Gold price weekly uptrend remains uninterrupted despite positive risk tone

2024-11-21

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2024-11-21

Gold price attracts buyers for the fourth consecutive day and climbs to over a one-week high. Geopolitical risks stemming from the Russia-Ukraine conflict benefit the safe-haven XAU/USD. Elevated US bond yields could underpin the US Dollar and cap the non-yielding yellow metal.

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