Tag Archive: Featured

Biggest Swiss-based arms manufacturers revealed

2020-07-18

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2020-07-18

Exporting arms is big business for Switzerland, but who are the actual manufacturers and exporters? After a five-year legal dispute, names can finally be published. Swiss companies exported CHF501 million ($530 million) in war materiel in the first half of 2020, the State Secretariat for Economic Affairs (SECO) said on Tuesday, almost twice as much as the same period in 2019.

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Swiss Solidarity raises CHF40 million for most vulnerable affected by Covid-19

2020-07-18

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2020-07-18

The humanitarian charity Swiss Solidarity is helping over 100 groups to provide emergency assistance to the elderly, the homeless and other vulnerable people who have been struggling in Switzerland during the coronavirus pandemic.

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Transitory, The Other Way

2020-07-18

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2020-07-18

After a record three straight months of decline for the seasonally-adjusted core CPI March through May 2020, it turned upward again in June. Buoyed by a partially reopened economy, the price discounting (prerequisite to the Big D) took at least one month off.

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The Death Wish of the Anarcho-Communists

2020-07-18

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2020-07-18

[This article first appeared in the Libertarian Forum, January 1, 1970.] Now that the New Left has abandoned its earlier loose, flexible non-ideological stance, two ideologies have been adopted as guiding theoretical positions by New Leftists: Marxism-Stalinism, and anarcho-communism. Marxism-Stalinism has unfortunately conquered SDS, but anarcho-communism has attracted many leftists who are looking for a way out of the bureaucratic and statist...

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Krugman’s Keynesianism Has Made Him Wrong about Much More Than Economic Theory

2020-07-18

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2020-07-18

Let me tell you about Keynesian economists. They are different from you and me. They learn their mathematical models and aggregate terminology early and easily, and it does something to them, makes them proud and self-omniscient where the rest of us are circumspect, in a way that, unless you were born a Keynesian economist, is very difficult to understand.

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FX Daily, July 17: Markets Limp into the Weekend

2020-07-17

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2020-07-17

Chinese stocks stabilized after yesterday's sharp fall and most Asia Pacific equity markets, but Tokyo rose today.  European shares are little changed, but the Dow Jones Stoxx 600 is still poised to hold on to modest gains for the third consecutive week. 

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Report alleges targeting of Swiss-based Catalan separatist’s phone

2020-07-17

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2020-07-17

The telephone of Anna Gabriel, a leading figure of the separatist movement in Catalonia who has sought refuge in Geneva, has been reportedly targeted by a “possible case of domestic political espionage”, according to a news investigation.

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War on poverty, or just war on the poor?

2020-07-17

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2020-07-17

New State and Federal Jobless Claims, March - June 2020
As the dust is now begging to settle, both from the heights of the COVID panic and from the riots that shook the western world, we are starting to get an idea about where we stand after this unprecedented and tumultuous time.

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Wait A Minute, The Dollar And The Fed’s Bank Reserves Are Directly Not Inversely Related

2020-07-17

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2020-07-17

One small silver lining to the current situation, while Jay Powell is busily trying to sell you his inflation fantasy, he’s actually undermining it at the very same time. No mere challenge to his own “money printing” fiction, either, the Fed’s Chairman is actively disproving the entire enterprise. While he says what he says, pay close attention instead to what he’s done.

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‘Death Cross’ Strikes U.S. Dollar As Virus Cases Grow

2020-07-17

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2020-07-17

Reserve currency status does not last forever
A resurgent coronavirus pandemic in the United States and the prospect of improving growth abroad are souring some investors on the dollar, threatening a years-long rally in the currency.

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Shedlock: Millennial Renters Abandon Their Home Buying Plans

2020-07-17

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2020-07-17

Second Thoughts on Buying a Home
Millennial renters who were in the market pre-Covid just abandoned their home buying plans. A lifestyle survey shows millennials top the list of those canceling home-buying plans.

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FX Daily, July 16: Equities Slide and the Greenback Bounces After China’s GDP and Before the ECB

2020-07-16

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2020-07-16

Overview:  Profit-taking, perhaps spurred by disappointing retail sales figures, sent Chinese equity markets down by 4.5%-5.2% today, the most since early February.  It appears to be triggering a broader setback in equities today.  The Hang Seng fell 2%, and most other markets in the region were off less than 1%. 

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Coronavirus: immunity might disappear within months in some patients

2020-07-16

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2020-07-16

A recently published study by researchers at King’s College London shows SARS-CoV-2 antibodies fall to undetectable levels within 60 days in some patients. These findings potentially undermine the efficacy of vaccines aimed at triggering an antibody response, along with hopes of herd immunity.

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Swatch hopes for sales to pick up quickly after pandemic slump

2020-07-16

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2020-07-16

Swatch Group said it expected sales and profits to improve quickly in the months ahead after the coronavirus pandemic caused a “massive decline” in business for the first half of the year.

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Market Sentiment Dented by Weak Data and Rising US-China Tensions

2020-07-16

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2020-07-16

Public Sector Net Debt, 1900-2020
Market sentiment has been dented by more than just rising virus numbers; yet the dollar continues to trade within recent well-worn ranges. California’s decision to reverse partial reopening will likely have a huge economic impact; June CPI may hold a bit more interest in usual; June budget statement is worth a quick mention.

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Precious metal stablecoin plugs into gold frenzy

2020-07-16

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2020-07-16

The price of gold and silver is rising in the face of a sharp economic downturn. Swiss company AgAu has chosen this moment to announce a precious metal-backed stablecoin onto the blockchain. It aims to provide better access to gold and silver and an alternative to bank-printed money.

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Passive Fingerprints Are All Over This Crazy Market

2020-07-16

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2020-07-16

Apple Fundamental Analysis
Passive Fingerprints Are All Over This Crazy Market. Apple’s stock is up over 20% since the market peak in February. Without a doubt, Apple, the company, is worse off due to the crisis and global recession. Revenue and earnings will be inferior to what Wall Street had forecast at lower stock prices. Valuations, shown below, are now astronomical.

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FX Daily, July 15: The Dollar Slumps and EU Court Rules in Favor of Apple

2020-07-15

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2020-07-15

A recovery in US stocks yesterday, coupled with optimism over Moderna's vaccine, is providing new fodder for risk appetites today.  Equities are being driven higher, and the dollar is under pressure.  Most equity markets in Asia advanced.  China and Taiwan were exceptions, and, in fact, the Shanghai Composite fell for the second consecutive session for the first time in a month.

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Switzerland a leader in 3D printing technology, patent records show

2020-07-15

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2020-07-15

In relation to its population size, between 2010 and 2018 Switzerland filed more patent applications for 3D printing technologies than any other European country, the European Patent Office said on Monday.

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How Do We Change the Leadership of our Quasi-Sovereign Big Tech Neofeudal Nobility?

2020-07-15

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2020-07-15

You better bow low and pay up, peasant, or your voice in the digital world will disappear just as quickly as your democracy's control over Big Tech. Who's the junior partner in global hegemony, Big Tech or the U.S. government? 

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