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Tag Archive: Featured

EasyJet reduces fleet and cuts jobs in Switzerland 

2020-10-07

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2020-10-07

Faced with lower demand and with no recovery expected anytime soon, EasyJet Switzerland is withdrawing two of its 12 planes stationed in Basel. Seventy jobs will be lost. 

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Dollar Softens and US Curve Steepens as Odds of Democratic Sweep Rise

2020-10-07

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2020-10-07

2020 Presidential Elections Odds
The dollar remains under pressure; the US curve continues to steepen; a compromise on fiscal stimulus before the election still seems unlikely; this is another quiet day in terms of US data. President Lagarde said the ECB is prepared to inject fresh monetary stimulus to support the recovery; we expect the ECB to increase its PEPP in Q4.

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If We Want to Increase Demand in the Market, We Must First Increase Production

2020-10-07

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2020-10-07

Following the ideas of John Maynard Keynes and Milton Friedman, many commentators associate economic growth with increases in the demand for goods and services. Both Keynes and Friedman held that the Great Depression of the 1930s was due to an insufficiency of aggregate demand and that thus the way to fix the problem was to boost aggregate demand.

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Silver Falls, We’ve Got #$*&! Mail

2020-10-07

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2020-10-07

Silver Basis and Co-basis and the Dollar Price
There was a big drop in the price of silver last Wednesday. Then the price moved up, and down, but mostly up. Let’s look at a graph of the silver price and basis showing Sep 30 through Oct 5, with intraday resolution.

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FX Daily, October 6: The Dollar Tests Key Supports and Pauses

2020-10-06

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2020-10-06

Market moves have stalled.  The MSCI Asia Pacific Index did manage to extend Monday's gains, but other markets are heavier.  Europe's Dow Jones Stoxx 600 is snapping a three-day advance.  The communications sector is the sole standout, though financials and energy are little changed.

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Kantonaler Wahlnotstand

2020-10-06

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2020-10-06

In wenigen Tagen wird im Kanton Aargau, aber auch in anderen Kantonen, das Kantonsparlament und die Kantonsregierung gewählt. Der Wahlkampf ist eher flau. Vielleicht weil es daran liegt, dass das grösste Thema einfach totgeschwiegen wird: Corona wird bei keiner Partei auch nur schon erwähnt (und wenn doch, bitte zeigen Sie’s mir!).

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Pandemic increases demand for second homes in Switzerland

2020-10-06

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2020-10-06

Demand for second homes has risen since restrictions related to coronavirus were loosened, according to real estate company Wüest Partner.

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Who’s Negative? The Marginal American Worker

2020-10-06

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2020-10-06

CPS Household Survey: Civilian Labor Force Level, 2007-2020
The BLS’s payroll report draws most of the mainstream attention, with the exception of the unemployment rate (especially these days). The government designates the former as the Current Employment Statistics (CES) series, and it intends to measure factors like payrolls (obviously), wages, and earnings from the perspective of the employers, or establishments.

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Explaining the Plan to Dismantle Schools and the Fed’s Alchemy

2020-10-06

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2020-10-06

Bob reads from an article recently tweeted out by the NEA, which calls for an end to schooling as we know it in order to promote anti-racism. He then discusses what the Fed has been up to since the coronavirus panic began.

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FX Daily, October 05: Monday’s Dollar Blues

2020-10-05

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2020-10-05

New actions to contain the virus are being taken in the US and Europe, but investors are looking past it and taking equities and risk assets, in general, higher to start the new week. MSCI Asia Pacific recouped most of last week's 0.7% loss with gains of move than 1% in Japan, Hong Kong, South Korea, and Australia.

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House View, October 2020

2020-10-05

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2020-10-05

Rising coronavirus cases accompanied by flagging recovery momentum and a fractious run-up to the US elections make prospects for equities highly reliant on 3Q results and further policy stimulus. Against this background we have downgraded our stance on euro area equities from neutral to underweight, following a similar downgrade for US equities in August.

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Hackers steal wages from Swiss universities

2020-10-05

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2020-10-05

Unidentified cybercriminals have managed to siphon off employee salary transfers from at least three Swiss universities, including the University of Basel.

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Rising numbers struggling to pay rent in Switzerland

2020-10-05

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2020-10-05

Nearly 44% of renters surveyed said that coming up with the money pay rent is now harder than it was before Covid-19, according to ASLOCA, a renters’ association.

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Things Change

2020-10-05

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2020-10-05

Things change, supposedly immutable systems crumble and delusions die. That's the lay of the land in the  The Empire of Uncertainty I described yesterday.

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The Absurdity of Covid “Cases”

2020-10-05

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2020-10-05

Today's headlines announced Donald and Melania Trump "tested positive" for covid-19. Another claims nineteen thousand Amazon workers "got" covid-19 on the job. Both of these pseudostories are sure to ignite another absurd media frenzy. 

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Drivers for the Week Ahead

2020-10-05

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2020-10-05

The US political outlook has been upended by recent developments; lack of a significant safe haven bid for the dollar so far is telling. This is a very quiet week in terms of US data; FOMC minutes will be released Wednesday; there is a full slate of Fed speakers.

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Home office could lead to 10 percent less office space

2020-10-04

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2020-10-04

Despite the easing of Covid-19 measures, remote working is still widespread in Switzerland, with almost a third of service sector employees still working from home.

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Investors stake their money on postponing death

2020-10-04

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2020-10-04

A group of wealthy investors is gathering virtually in Switzerland to stake their money on a new asset class. It's longevity, underpinned by the science and technology of longer and healthier lives, and it could be a multi-billion-dollar market.

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Dollar Remains Soft but Sterling Pounded by Brexit Risks

2020-10-04

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2020-10-04

2020 Senate Control
The dollar remains under pressure as market sentiment continue to improve; stimulus talks were extended. Two major US airlines announced significant job furloughs starting today; US data for September will continue  to roll out; weekly jobless claims will be reported.

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The 2020 Debate: A Breakdown

2020-10-04

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2020-10-04

Ryan McMaken and Tho Bishop talk about Tuesday's debate, why "the issues" don't matter, and why the debate probably won't change the minds of many voters.

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