Tag Archive: Featured

Bankruptcies Rise Despite Trillions in New Liquidity

2020-09-09

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2020-09-09

Misguided lockdowns have destroyed the global economy and the impact is likely to last for years. The fallacy of the “lives or the economy” argument is evident now that we see that countries like Taiwan, South Korea, Austria, Sweden, and Holland have been able to preserve the business fabric and the economy while doing a much better job managing the pandemic than countries with severe lockdowns.

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We’re Headed toward Stagnation—Unless the Fed Reins In Its Money Printing

2020-09-09

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2020-09-09

The US Fed is considering lifting its inflation target above 2 percent in order to revive the economy. Contrary to the accepted practice, the Fed is not expected to raise an alarm if the measured price inflation begins to rise.

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FX Daily, September 8: US Threats to Decouple from China and the Greenback Strengthens

2020-09-08

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2020-09-08

The markets remain on edge. US-China tensions are escalating. Strained Brexit talks are set to resume today. Profit-taking in the tech space has continued. The ECB meeting is around the corner. The MSCI Asia Pacific Index snapped a three-day slide today with most markets moving higher, led by a 1% gain in Australia. 

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Monthly Market Monitor – August 2020

2020-09-08

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2020-09-08

Russell 3000 Value/Growth
Many of the weak dollar trends I noted in June’s update have moderated – even as the dollar has weakened further. US stocks surged over the last month, with growth indices leaving their value counterparts in the dust…again.

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Rights activists want Swiss-Chinese trade deal to be overhauled

2020-09-08

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2020-09-08

Campaigners are urging the Swiss government to renegotiate a six-year-old free trade agreement with China to try to improve human rights and labour conditions for its Uighur Muslim minority.

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EM Preview for the Week Ahead

2020-09-08

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2020-09-08

EM performance this week will hinge crucially on whether US equity markets can find some traction. If sustained, last week’s equity rout could lead to a deeper generalized risk-off trading environment this week that would weigh on EM FX and equities.

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How Capitalists Improve Human Productivity

2020-09-08

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2020-09-08

Income to Land and Labor
To quote the last paragraph of this 2008 article by Robert Murphy, when asked why Austrian school economics should be studied, the best answer is: the Austrian theory of capital is the best one you can find if you really want to grasp how the economy actually works—beyond sterile mathematics and static timeless analysis.

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Ceneri Base Tunnel is officially open

2020-09-07

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2020-09-07

The Ceneri Base Tunnel has been officially opened, with the first freight train passing through the tunnel in the southern Swiss canton of Ticino shortly after 11:30am. Passengers will have to wait for the new national rail timetable in December.

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The Failures of Federal Race-Based Paternalism

2020-09-07

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2020-09-07

In an address to the Massachusetts Anti-Slavery Society in 1865, Frederick Douglass noted that he had often been asked “What should we do with the Negro?”

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Was hilft, wenn ich mir zu viele Sorgen mache!

2020-09-06

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Digitale Weiterbildung mit mir und vielen anderen auf LearnFlixx - https://www.digistore24.com/redir/322368/Zitelmann/CAMPAIGNKEY Folgen Sie mir auf Twitter - https://mobile.twitter.com/rzitelmann Folgen Sie mir auf Facebook - https://www.facebook.com/r.zitelmann/ Folgen Sie mir auf Forbes.com - https://www.forbes.com/sites/rainerzitelmann/ Meine Homepage - http://www.rainer-zitelmann.de/

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Coronavirus: could masks explain Switzerland’s sharply declining death rate?

2020-09-06

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2020-09-06

In Switzerland, over the three months following 31 May 2020, there have been 11,306 recorded cases of Covid-19 and 91 deaths, a case fatality rate (CFR) of 0.8%. However, up to this date there were 30,862 cases and 1,920 deaths, a CFR of 6.2%. Why has Switzerland’s CFR fallen so steeply?

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Swiss regulator escalates probe into Credit Suisse

2020-09-06

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2020-09-06

The Swiss financial supervisor FINMA says it has opened enforcement proceedings against Credit Suisse into the 2019 spying affair that toppled the bank’s leadership and tarnished its reputation.

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Eurodollar University’s Making Sense; Episode 24, Part 2: Peering Behind The (Unemployment Rate) Curtain

2020-09-06

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2020-09-06

———WHERE——— AlhambraTube: https://bit.ly/2Xp3roy Apple: https://apple.co/3czMcWN iHeart: https://ihr.fm/31jq7cI Castro: https://bit.ly/30DMYza TuneIn: http://tun.in/pjT2Z Google: https://bit.ly/3e2Z48M Spotify: https://spoti.fi/3arP8mY Castbox: https://bit.ly/3fJR5xQ Breaker: https://bit.ly/2CpHAFO Podbean: https://bit.ly/2QpaDgh Stitcher: https://bit.ly/2C1M1GB Overcast: https://bit.ly/2YyDsLa SoundCloud: https://bit.ly/3l0yFfK...

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Monetary and Fiscal Sorcery Make Home Price Magic

2020-09-06

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2020-09-06

Make the money cheap enough and government intrusive enough, and incongruous headlines appear side by side. For instance, from the Las Vegas Review-Journal comes this head-scratcher: “Las Vegas Housing Market ‘on Fire’ as Economy Limps Along.”

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Powell Would Ask For His Money Back, If The Fed Did Money

2020-09-05

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2020-09-05

UST Yield Curve, 2020
Since the unnecessary destruction brought about by GFC2 in March 2020, there have been two detectable, short run trendline upward moves in nominal Treasury yields. Both were predictably classified across the entire financial media as the guaranteed first steps toward the “inevitable” BOND ROUT!!!!

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The Fed’s Latest Lie: It Can Make Everything Go Back to Normal

2020-09-05

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2020-09-05

The Fed Emperor’s New Clothes Show is a continuous comedy without laughter. The latest act, the virtual Jackson Hole conference (August 27), was dreadful. The show's audiences are accustomed to the Fed chair and his board delivering solemn pronouncements about their aims—low inflation, high employment, and financial stability.

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High gold prices spur more illegal mining in Peru

2020-09-05

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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.

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FX Daily, September 4: Markets Look for more Solid Footing, but Need to Get Passed US Jobs Data

2020-09-04

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2020-09-04

The dramatic sell-off of US shares yesterday is the main focus, capturing the limelight from other forces, including today's US employment report.  It was the third-worst session for the S&P 500 since the March 23 bottom, and the other two did not see follow-through selling. 

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Swiss Consumer Price Index in August 2020: -0.9 percent YoY, 0.0 percent MoM

2020-09-04

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2020-09-04

Switzerland Consumer Price Index (CPI) YoY, August 2020
The consumer price index (CPI) remained stable in August 2020 compared with the previous month, reaching 101.2 points (December 2015 = 100). Inflation was –0.9% compared with the same month of the previous year.

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Chinese-owned Swissport agrees emergency takeover

2020-09-04

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2020-09-04

A consortium of investors has agreed a €800 million (CHF860 million) bailout of Chinese-owned airport services company Swissport. Revenues at the company have nosedived since the onset of the coronavirus pandemic.

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