Tag Archive: Featured

Prepare for Winter

2020-11-16

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2020-11-16

Realism must precede optimism or the optimism will collapse as the tsunami of reality comes ashore. It's time to prepare materially and psychologically for a winter unlike any other in our lifetimes.

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James Mill: Laissez-Faire’s Lenin

2020-11-16

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2020-11-16

[An Austrian Perspective on the History of Economic Thought (1995)] James Mill (1771–1836) was surely one of the most fascinating figures in the history of economic thought. And yet he is among the most neglected. Mill was perhaps one of the first persons in modern times who might be considered a true "cadre man," someone who in the Leninist movement of the next century would have been hailed as a "real Bolshevik." Indeed, he...

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Vote November 29: Spotlight on ethical business practices

2020-11-15

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2020-11-15

A proposal to make Swiss-based multinationals accountable for their business practices abroad is tabled for a nationwide vote on November 29. An initiative aimed at restricting investments in the arms industry is the second issue on the ballot sheet. 

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Where Is It, Chairman Powell?

2020-11-15

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2020-11-15

CPI less Food & Energy, 1983-2020
Where is it, Chairman Powell? After spending months deliberately hyping a “flood” of digital money printing, and then unleashing average inflation targeting making Americans believe the central bank will be wickedly irresponsible when it comes to consumer prices, the evidence portrays a very different set of circumstance.

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Swiss advance plans to take goods transport underground

2020-11-15

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2020-11-15

Building a 500-km tunnel network to transport goods under Central Switzerland is the ambitious aim of the “Cargo Sous Terrain” project. The vision has moved closer to reality since the Swiss government brought forward enabling legislation last month.

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Here’s What Donald Trump Should Do Before Inauguration Day

2020-11-15

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2020-11-15

Audio Mises Wire
Even if he loses, Donald Trump still has time to change military policy, pardon allies, unseat the Federal Reserve Board of Governors, and throw a wrench in the deep state apparatus. Original Article: "Here’s What Donald Trump Should Do Before Inauguration Day​". This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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‘Artificial intelligence won’t replace humans’

2020-11-14

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2020-11-14

Artificial intelligence (AI) is gaining ground in our societies, posing a threat to jobs and increasingly invading our private lives. A new centre for AI research at the federal technology institute ETH Zurich wants to put people at the centre of its work.

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Covid: Switzerland to spend 100 million francs more on vaccines

2020-11-14

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2020-11-14

Switzerland’s federal government has increased the amount of money earmarked for SARS-CoV-2 vaccines by CHF 100 million, bringing the total to CHF 400 million.

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Curt Carlson on Innovation Champions

2020-11-14

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2020-11-14

Austrian economics sees an economy in motion, perpetually renewing itself. Economic agents (firms, customers, investors) constantly change their actions and strategies in response to outcome they mutually create. This further changes the outcome, which requires them to adjust afresh.

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“The Great Reset” Already Happened

2020-11-14

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2020-11-14

Shares of gross domestic Income,1960-2020
Put another way: the elites have cannibalized the system so thoroughly that there's nothing left to steal, exploit or cannibalize. The global elites' techno-fantasy of a completely centralized future, The Great Reset, is addressed as a future project. Too bad it already happened in 2008-09. The lackeys and toadies tasked with spewing the PR are 12 years too late, and so are the critics listening to the PR with foreboding.

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Covid, November 13: 553 deaths in Switzerland this week as infection rate slows

2020-11-13

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2020-11-13

Daily Fatalities Switzerland, November 13
Over the 7 days to 13 November 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 553 deaths among laboratory-confirmed Covid-19 cases, bringing the death toll to 1,229 since summer and 2,960 since the beginning of the year. © Sudok1 | Dreamstime.comThe 553 reported deaths this week represent 19% of the total so far, making the last 7 days the deadliest 7-day period since the virus arrived in Switzerland. There are...

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FX Daily, November 13: Greenback Pares this Week’s Gains while the Turkish Lira Continues to Squeeze Higher

2020-11-13

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2020-11-13

Overview: The largest bourses in the Asia Pacific region followed the US equity market lower, with the Nikkei posting its first loss in nine sessions. China, Hong Kong, and Australia moved lower as well. On the week, the MSCI Asia Pacific Index gained about 1% after rising 6.3% in the prior week.

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FINMA veröffentlicht Risikomonitor 2020

2020-11-13

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2020-11-13

Die Eidgenössische Finanzmarktaufsicht FINMA veröffentlicht den Risikomonitor 2020. Sie gibt damit einen Überblick über die aus ihrer Sicht aktuell bedeutendsten Risiken für die Beaufsichtigten und beschreibt den daraus abgeleiteten Fokus der Aufsichtstätigkeit. Die FINMA identifizierte im Corona-Jahr sieben Hauptrisiken. Neu auf der Liste sieht die FINMA drohende Ausfälle oder Korrekturen bei Unternehmenskrediten und -anleihen im Ausland.

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Public worker absenteeism costs Geneva 285 million francs a year

2020-11-13

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2020-11-13

Public worker absenteeism in Geneva costs at least CHF 285 million, according to Heidi.news, which calculated the sum based on information contained in an internal document.

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Dollar Softens Ahead of CPI Data

2020-11-13

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2020-11-13

US HY Yield, 2020
Pressure on the dollar has resumed; October CPI data will be the US highlight; US bond market was closed yesterday but yields have eased a bit today. Weekly jobless claims data will be reported; monthly budget statement for October will hold some interest; Mexico is expected to cut rates 25 bp to 4.0%; Peru is expected to keep rates steady at 0.25%.

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Prepare For ‘No-Deal Brexit’ – Own Physical Gold To Protect Your Wealth

2020-11-13

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2020-11-13

The Brexit deadline of December 31st, the date beyond which the transition or implementation period cannot be extended, now looms large and the dreaded “No-Deal” Brexit outcome looks increasingly possible by the day.

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FX Daily, November 12: Nervous Calm in the Capital Markets

2020-11-12

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2020-11-12

There is a nervous calm in the capital markets today.  The equity rally in the Asia Pacific region stalled to end an eight-day rally, though the Nikkei's rally remains intact. 

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Second lockdown in Europe

2020-11-12

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2020-11-12

As the long-awaited “second wave” of the corona pandemic sweeps through Europe, another round of severe restrictions, travel bans and rules that prevent the proper function of international business and trade threatens to once again disrupt all kinds of sectors, including the gold industry. 

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Yes, Virginia, There Is An Alternative, 11 November

2020-11-12

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2020-11-12

Gold Basis and the Dollar Price
On Monday the dollar had a ferocious rally, moving up from 15.87mg gold to 16.77mg and from 1.21g silver to 1.32g. In mainstream terms, the price of gold dropped about a hundred bucks, and the price of silver crashed $2.20.

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Swiss multinationals: global heavyweights in high-risk sectors

2020-11-12

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2020-11-12

Home to big players in the raw materials, food and chemicals industries, Switzerland boasts one of the world’s highest concentrations of multinational headquarters.

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