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Home Prices and Sales Fall. Can Sellers Count on Lower Interest Rates?

2025-12-22

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2025-12-22

With employment fundamentals so weak, the real way to increase home sales is to cut prices further. That, of course, is not what sellers want to hear.

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The Essence of Financial Bubbles

2025-12-22

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2025-12-22

Financial bubbles, which used to be rare, have become a way of life, thanks to a quarter century of easy money policies from the Federal Reserve System. We need to better understand how bubbles form and why they are so harmful.

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2026 Market Outlook Based On Valuations

2025-12-22

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2025-12-22

It’s that time of year when Wall Street polishes up its crystal balls and begins predicting returns for 2026. Since Wall Street never predicts a down year, which would be unwise for fee-based product revenues, these forecasts are often inaccurate and sometimes significantly wrong. Let's review some previous years. For example, on December 7th, 2021, …

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The Seen And The Unseen Of QE-RMP

2025-12-22

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2025-12-22

In 1850, Economist Frederic Bastiat famously wrote an essay entitled "That which is seen, and that which is not seen.” The first chapter, "The Broken Window," argues that good economics requires considering not just the immediate, visible effects of an action but also the delayed, less obvious (unseen) consequences. Unfortunately, most commentators, when asked about …

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Is Switzerland losing its place in the world?

2025-12-22

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2025-12-22

It was a remarkably blunt public warning from the top of Switzerland’s biggest bank. UBS chair Colm Kelleher declared last month that Switzerland was “losing its lustre” and had reached a “crossroads with major challenges”. As evidence, he cited fierce competition in wealth management, US tariffs that have hit pharmaceuticals and other export sectors, and …

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Why Palantir is becoming a risky bet for Switzerland

2025-12-22

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2025-12-22

Zurich serves as a hub for US tech company Palantir’s business relations. The Swiss foreign ministry now has the company in its sights, because of its controversial role in Gaza. Palantir is arguably the most controversial tech company in the world today. It expects over $4 billion (CHF3.2 billion) in revenue this year. Many people, …

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Can I Get Some Coffee?

2025-12-22

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2025-12-22

President Trump announced the tariffs aiming at two goals: protecting American producers and the relocation of foreign companies to the US. People have been “protected” by being disallowed peaceful, mutually-beneficial trades with others.

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Unmasking Academia: The State’s Ministry of Opinion

2025-12-21

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2025-12-21

Murray Rothbard properly noted that the predatory state needs its “court intellectuals” to legitimize its predations. American higher education is happy to provide them.

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The Brutality of the US Empire Is on Display in Venezuela

2025-12-21

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2025-12-21

What we cannot do, legitimately, is have the US government go abroad in search of the Venezuelan monster to destroy.

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Die Performance der Kryptowährungen in KW 51: Das hat sich bei Bitcoin, Ether & Co. getan

2025-12-21

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2025-12-21

So bewegten sich die einzelnen Kryptowährungen in der Kalenderwoche 51:

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Bitcoin, Dogecoin, Ethereum & Co. am Samstagnachmittag

2025-12-20

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2025-12-20

Der <a href="/devisen/bitcoin-dollar-kurs">Bitcoin</a>-Kurs kletterte um 17:10 um 0,07 Prozent auf 88.159,95 US-Dollar. Damit übertraf <a href="/devisen/bitcoin-dollar-kurs">Bitcoin</a> den Stand vom Vortag von 88.099,99 US-Dollar.Steigende Kurse bei Kryptowährungen &ndash; auch der <a...

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Bitcoin-Bullrun 2026: Krypto-Börse prognostiziert Kursziel von 170’000 Dollar

2025-12-20

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2025-12-20

• Das Korbit Research Center prognostiziert <a href="/devisen/bitcoin-dollar-kurs">Bitcoin</a> zwischen 140'000 und 170'000 US-Dollar für 2026<br> • ETFs und Unternehmensbilanzen halten bereits rund 11,7 Prozent des Bitcoin-Angebots<br> • US-Fiskalpolitik und institutionelle Nachfrage gelten als Haupttreiber für den erwarteten...

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Looking Back and Forth

2025-12-20

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2025-12-20

Gold is up, bitcoin is cooling, the yield curve turning. 2026 could un-invert the story.

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Fed’s Soft Landing Narrative Meets Economic Data

2025-12-20

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2025-12-20

🔎 At a Glance 💬 Ask a Question Have a question about the markets, your portfolio, or a topic you'd like us to cover in a future newsletter? 📩 Email: [email protected]🐦 Follow & DM on X: @LanceRoberts📰 Subscribe on Substack: @LanceRoberts We read every message and may feature your question in next week’s issue! 🏛️ …

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Inflation and the Intergenerational Housing Rivalry

2025-12-19

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2025-12-19

Instead of market competition, inflation forces young and old into rivalrous competition for housing.

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The Illusion of Democracy: The “Iron Law of Oligarchy”

2025-12-19

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2025-12-19

“Political globalism” bears the unmistakable signature of an oligarchized democracy. No matter how we vote, a small elite manages to get its way on its central issues.

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Combating Wokeness: An Interview with Paul Gottfried

2025-12-19

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2025-12-19

Richard McDaniel interviews Paul Gottfried, getting his perspective on wokeness and other shenanigans and hijinks that are coming from modern American higher education.

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Home Prices and Sales Fall. Can Sellers Count on Lower Interest Rates?

2025-12-19

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2025-12-19

With employment fundamentals so weak, the real way to increase home sales is to cut prices further. That, of course, is not what sellers want to hear.

Read More »

Inflation as a moral hazard 

2025-12-19

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2025-12-19

As I have argued many times in the past, the corruption of money itself and its purposeful devaluation is by far the most important problem facing not just investors and savers, but virtually every single citizen on the face of the planet. Taxation, especially the extremely predatory and aggressive kind that most governments enforce today, might indeed be theft, but inflation is even worse. This is because taxation might be robbery, but at least it...

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Nestlé allowed to continue French Perrier operations

2025-12-19

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2025-12-19

Nestlé Waters will be able to continue operating two boreholes in France for the production of Perrier natural mineral water in France. +Get the most important news from Switzerland in your inbox This follows a favourable opinion from the Prefect of the Gard region, where the Vergèze plant is located. However, restrictions and stricter monitoring …

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Nagel on Reason

2025-12-19

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2025-12-19

This week, Dr. Gordon explores some of the thought of Thomas Nagel on reason and how subjectivists who deny objective reason are inviting us not to believe them through their arguments.

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Why We Hate Thomas Hobbes

2025-12-19

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2025-12-19

Ryan and Josh Mawhorter talk about how Thomas Hobbes, even nearly 400 years later, remains a popular spokesman for almost limitless state power. In fact, by Hobbes's logic, the world should by ruled by a single global dictatorship.

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Truth or tale: Would inheritance taxes trigger a mass exodus of millionaires from Switzerland? 

2025-12-19

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2025-12-19

After Swiss voters rejected a proposal to introduce a 50% tax on inheritances over CHF50 million, Swissinfo readers began debating whether taxing the wealthy drives them abroad, with some even claiming this is already happening in countries such as Norway and the UK. We took a closer look. The “For a social climate policy” initiative, …

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BLue Owl Roils The AI Narrative

2025-12-19

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2025-12-19

Blue Owl Capital spooked AI investors on Wednesday when the Financial Times reported that the firm, one of Oracle's larger financing partners for major U.S. data centers, decided not to provide equity backing for a $10 billion data center Oracle is building in Michigan. This planned facility is part of Oracle's collaboration with OpenAI under …

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What Inflation Alarmists Missed In Their Warnings

2025-12-19

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2025-12-19

Over the last couple of years, inflation alarmists such as Paul Tudor Jones, James Grant, and Jeff Gundlach have all said that inflation is returning with force. In different ways, they each stated that they would not own Treasury bonds due to the expectation that inflation would rise as the dollar declined due to the … Continue...

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Reduced US tariffs ‘remain a burden’ for Swiss economy

2025-12-19

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2025-12-19

The negative impact of US tariffs on the Swiss economy remains considerable despite a reduction in rates from 39% to 15%, according to consulting firm EY. +Get the most important news from Switzerland in your inbox According to an analysis published today by EY, gross domestic product (GDP) growth in 2026 is expected to be …

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Protecting a Societal Cancer with a Web of Lies

2025-12-19

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2025-12-19

The modern western society is built upon the welfare state, yet it is that very welfare state that is undermining the social fabric. It is time to recognize the damage the welfare state is doing and put a stop to it.

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Switzerland considers AI data ‘theft’ defence

2025-12-19

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2025-12-19

Journalists, authors and artists are in uproar about artificial intelligence (AI) harvesting copyrighted content. Switzerland has turned to legislators to find the right balance between fostering technological innovation and protecting intellectual property. +Get the most important news from Switzerland in your inbox Parliament is debating a measure that would limit AI companies from scraping media …

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Record number of guests in 2025: Swiss tourism boss

2025-12-19

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2025-12-19

Switzerland Tourism is expecting a record year for overnight stays by foreign guests in 2025. +Get the most important news from Switzerland in your inbox Overnight stays are expected to grow by 1-2% compared to the previous year, Switzerland Tourism Director Martin Nydegger told Blick. The number of overnight stays rose by 2.6% to 42.8 …

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Party Over Principle: A Lesson from the Bloody Shirt Era

2025-12-19

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2025-12-19



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