Found 1,666 search results for keyword: label

FX Daily, September 24: Darkest Before Dawn

2020-09-24

by

2020-09-24

The two recent market developments, push lower in stocks, and higher in the dollar is continuing. Tuesday's gains in the S&P 500 and NASDAQ were unwound on Wednesday and this is helping drag global markets lower. The MSCI Asia Pacific Index fell for the fourth consecutive session today and many markets (India, Shenzhen, Taiwan, and Korea) fell more than 2% and most others were off more than 1%.

Read More »

FX Daily, September 21: Risk Appetites Join Tokyo on Vacation

2020-09-21

by

2020-09-21

Global equity markets are off to a poor start to the week, and the dollar appears to be enjoying a safe-haven bid. Tokyo markets are closed until Wednesday, while Asia-Pacific stocks tumbled, and the regional index is unwinding last week's gains. The Dow Jones Stoxx 600  is off around 2.7% near midday in Europe.

Read More »

Turning to Keynes in this Crisis Will Only Make Things Worse

2020-09-21

by

2020-09-21

In the New York Times on September 8, 2020, Paul Krugman wrote that. The CARES Act, enacted in March, gave the unemployed an extra $600 a week in benefits. This supplement played a crucial role in limiting extreme hardship; poverty may even have gone down.

Read More »

Inflation as a Tool of the Radical Left

2020-09-20

by

2020-09-20

Rising money stock meets shrinking production, 2000-2020
“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch its currency….Lenin was certainly right. There is no subtler, no surer way of overturning the existing basis of society than to debauch the currency.

Read More »

Merger rumours boost UBS and Credit Suisse shares

2020-09-16

by

2020-09-16

Shares of Credit Suisse and UBS moved to the top of SMI stocks on Monday morning after a media report said the Swiss banks were planning a merger.

Read More »

FX Daily, September 14: UK Presses Ahead, China Strikes Out at German Pork Producers, and Moody’s Weighs on Turkey

2020-09-14

by

2020-09-14

A flurry of deals, including the still-evolving Oracle-TikTok tie-up, helped lift equity markets in the Asia Pacific region. South Korea's Kospi, and Indonesia, which had been battered last week, led the advance. The MSCI Asia Pacific Index rose for the third consecutive sessions. European bourses are little changed while US stocks are firmer.

Read More »

Hayek’s Plan for Private Money

2020-09-14

by

2020-09-14

The most famous Austrian economist is 1974 Nobel laureate Friedrich Hayek. Because of his moderate views excusing state interventions in various circumstances, hardcore Rothbardians tend to regard Hayek as less than pure in many areas.

Read More »

Swiss law reforms make crypto respectable

2020-09-13

by

2020-09-13

Bitcoin used to be something of a dirty word, associated with crime and money laundering. Switzerland has now amended its legal code to welcome cryptocurrencies and blockchain technology into the mainstream.

Read More »

Swiss-UK financial services pact antidote to EU intransigence

2020-09-12

by

2020-09-12

Switzerland and Britain are thrashing out a post-Brexit financial services treaty that is being billed as a global standard for common sense. It also takes aim at perceived EU inflexibility that has seen the Swiss stock market frozen out of European markets.

Read More »

Howard Buffett: Against Legal Plunder

2020-09-12

by

2020-09-12

In August of 1963, Human Events published an article written by Howard Buffett entitled “’Thou Shalt Not Steal!’ But Government Confiscation Has Been Legalized.”

Read More »

High gold prices spur more illegal mining in Peru

2020-09-05

by

2020-09-05

The boom in gold prices during the Covid-19 pandemic has kept Swiss refineries in business but has also boosted illegal mining, imperiling lives and the environment.

Read More »

Industrialization and Free Trade Are the Way out of Poverty

2020-09-03

by

2020-09-03

Progressive politicians repeatedly tell us that capitalism is a system rooted in the wealthy’s exploitation of the poor. To convey this in an emotionally resonant way, they employ images of "sweatshops" in the developing world. While some people labor away in factories, often in terrible conditions, the owners of Walmart and Nike rake in profits, enjoying their luxurious penthouses in Manhattan. Many find this compelling.

Read More »

Mises on Syndicalism

2020-08-29

by

2020-08-29

Mises on Syndicalism
As political tactics Syndicalism presents a particular method of attack by organized labour for the attainment of their political ends. This end may also be the establishment of the true Socialism, that is to say, the socialization of the means of production. But the term Syndicalism is also used in a second sense, in which it means a sociopolitical aim of a special kind.

Read More »

FX Daily, August 28: Powell and Abe Drive Markets

2020-08-28

by

2020-08-28

After a confused and volatile reaction to the Federal Reserve's formal adoption of an average inflation target, it took Asian and European traders to embrace the signal and take the dollar lower. It is falling against nearly all the currencies and has slumped to new lows for the year against sterling and the Australian dollar.

Read More »

FX Daily, August 27: After much Build-Up, Could Powell be Anti-Climactic?

2020-08-27

by

2020-08-27

The strong rally in US equities yesterday, with the fifth consecutive gain in the S&P 500 and a big outside up day in gold, failed to spur follow-through buying today. Asia Pacific equities were mixed. China, Australia, and India rose while most of the rest of the regional markets fell.

Read More »

Not This Again: Too Many Treasuries?

2020-08-27

by

2020-08-27

US Banking Data, 1978 - 2020
Tomorrow, the Treasury Department is going to announce the results of its latest bond auction. A truly massive one, $47 billion are being offered of CAH4’s notes dated August 31, 2020, maturing out in August 31, 2027. In other words, the belly of the belly, the 7s.We’ve already seen them drop for two note auctions this week, both equally sizable.

Read More »

FX Daily, August 26: Hurricane Laura Lifts Oil Prices

2020-08-26

by

2020-08-26

A consolidative tone has emerged after US equity benchmarks reached new highs yesterday. The MSCI Asia Pacific Index had reached seven-month highs on Tuesday, but Japan, China, and Australian stocks saw modest profit-taking today. European shares are recouping yesterday's minor loss, and US shares are flat. 

Read More »

FX Daily, August 25: Stocks Extend Gains, while Yesterday’s Dollar Recovery Stalls

2020-08-25

by

2020-08-25

Soaring US stocks, optimism about a vaccine, and the affirmation of the US-China trade agreement are buoying global equities today. The MSCI Asia Pacific Index is near seven-month highs and was led today by more than 1% gains in the Nikkei and Kospi. 

Read More »

Welchen Schweizer Broker nutze ich????

2020-08-25

by

2020-08-25

Dieser Blog hat über die Jahre wirklich viele treue Leser gewonnen. Insbesondere in der Schweiz, denn ich befasse mich oft mit sehr Schweiz-spezifischen Themen, die meist weniger relevant sind für deutsche oder österreichische Leser.

Read More »

FX Daily, August 24: Markets Prove Resilient to Start New Week

2020-08-24

by

2020-08-24

New virus outbreaks in Europe and Asia are not adversely impacting the capital markets today. Global equities are firmer. Some reports suggesting the US ban on WeChat may not be as broad as initially signaled helped lift Hong Kong shares, but nearly all the markets in the region traded higher.

Read More »