Tag Archive: Featured

Swiss-UK financial services pact antidote to EU intransigence

2020-09-12

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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.

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Intolerance and Authoritarianism Accelerate Disunity and Collapse

2020-09-12

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2020-09-12

Scapegoating dissenters only hastens the disunity and disarray that accelerates the final collapse. Authoritarianism is imposed on us, but its sibling intolerance is our own doing. Intolerance and authoritarianism are two sides of the same coin: as intolerance becomes the norm, the intolerant start demanding that the state enforce their intolerance by suppressing their enemies via increasingly heavy-handed authoritarian measures.

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Re-recession Not Required

2020-09-12

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2020-09-12

Japan Economy, 2013-2020
If we are going to see negative nominal Treasury rates, what would guide yields toward such a plunge? It seems like a recession is the ticket, the only way would have to be a major economic downturn. Since we’ve already experienced one in 2020, a big one no less, and are already on our way back up to recovery (some say), then have we seen the lows in rates?Not for nothing, every couple years when we do those (record low yields) that’s what “they”...

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Howard Buffett: Against Legal Plunder

2020-09-12

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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.”

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FX Daily, September 11: Still Reluctant to take Euro above $1.19 but Sterling Remains Unloved

2020-09-11

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2020-09-11

Yesterday's roller-coaster price action has not had much impact on today's activity.  The slide in US equities after early gains failed to prevent Japanese, Chinese, and Hong Kong equities from advancing, though other markets in the region were not as resilient.

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House View, September 2020

2020-09-11

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2020-09-11

A surge in new covid-19 cases in a number of countries has interrupted progress towards normality, yet the effects of the virus are becoming more manageable and positive world H2 growth is achievable.

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Versicherungsmarkt Schweiz: deutlich höhere Ergebnisse

2020-09-11

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2020-09-11

Die aggregierten Daten über den Schweizer Versicherungsmarkt zeigen eine deutliche Steigerung der Ergebnisse 2019. Diese fallen pro Teilbranchen zwar unterschiedlich aus, sind aber hauptsächlich auf die Ergebnisse am Kapitalmarkt zurückzuführen.

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Pandemic speeds up push to digital as bank branches close

2020-09-11

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2020-09-11

Swiss lender Credit Suisse is set to launch an overhaul of its digital banking offering, as it uses the coronavirus crisis as a springboard to accelerate the push from bricks-and-mortar branches to online services.

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Sterling Pounded by Brexit Developments

2020-09-11

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2020-09-11

The dollar rebound continues; odds of a near-term stimulus bill in the US are falling; ahead of inflation readings later this week, the US holds a 10-year auction today. Bank of Canada is expected to keep policy steady; Mexico reports August CPI; Brazil reports August IPCA inflation.

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Where Did the US Government Get the Power to Assassinate People?

2020-09-11

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2020-09-11

In an August editorial, the New York Times called for an investigation into the attack on Russian dissident Aleksei Navalny, who was recently transported to Germany in a coma after apparently being poisoned.

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FX Daily, September 10: ECB and Beyond

2020-09-10

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2020-09-10

Overview:  A strong recovery in US stocks, a softer dollar, and higher gold and oil prices may signal the end of the brief though dramatic correction, but the market is in a bit of a holding pattern ahead of the ECB meeting.  Most of the major equity markets in the Asia Pacific region stabilized, except for Hong Kong and China.

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Weekly View – Election nerves increase

2020-09-10

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2020-09-10

The sell-off in stocks last week showed a certain nervousness about the sharp run-up in tech stocks and the role of big option bets. Indeed, prices in some instances had risen too fast. But this was a technical correction. With the US tech titans generating free cash flow, we do not believe we are facing a repeat of the bursting of the dot-com bubble in 2000. 

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Valcambi refinery denies sourcing ‘dirty’ gold from Dubai

2020-09-10

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2020-09-10

The Swiss-based Valcambi refinery has rejected accusations about gold dealings with a controversial company in the United Arab Emirates.

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ECB Preview

2020-09-10

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2020-09-10

Balance Sheets, USD Trin, 2007-2019
The ECB meets tomorrow and is widely expected to stand pat. Macro forecasts may be tweaked modestly and there are some risks of jawboning against the stronger euro, but it should otherwise be an uneventful meeting. Looking ahead, a lot of room remains for further ECB actions.

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You cannot print your way to prosperity – Part II

2020-09-10

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2020-09-10

Looking at the damage inflicted upon supply chains, production facilities and global trade in particular, how quickly could these operations snap back even if all COVID-related restrictions were lifted tomorrow? Do you think we’ll eventually get back to business as usual, or have we now experienced a permanent shift to a “new normal”?

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The EU’s Drive toward Political Centralization Will Doom Its Economy

2020-09-10

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2020-09-10

In the wake of the economically disastrous covid-19 shutdowns, the political class has desperately tried to save the failing euro system. On July 21 European leaders agreed on what they called a "historic" deal. It was nothing more than a multitrillion euro stimulus package.

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FX Daily, September 09: Investor Anxiety Continues to Run High Despite Some Stability in the Capital Markets

2020-09-09

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2020-09-09

News that the AstraZeneca Phase 3 test had to be stopped to study the adverse reaction of one subject added to the uncertainty of investors amid one of the more significant reversals of risk appetites since March. Equities continued to slump in the Asia Pacific region, with many large markets off more than 1%, led by Australia's more than 2% decline.

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Art Basel and UBS art market survey shows online sales and millennial collectors increasingly important to an art market hit hard by COVID-19

2020-09-09

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2020-09-09

Art Basel and UBS today published a 2020 mid-year survey 'The Impact of COVID-19 on the Gallery Sector' written by renowned cultural economist Dr. Clare McAndrew, Founder of Arts Economics. The survey findings present an analysis of how the COVID-19 pandemic has impacted 795 galleries operating in the Modern and contemporary gallery sector, representing 60 different markets across all levels of turnover, throughout the first six months of 2020.

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Switzerland takes Belgium and Mexico off Covid-19 ‘high risk’ list

2020-09-09

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2020-09-09

People arriving in Switzerland from Belgium, Mexico and Luxembourg will no longer have to go into quarantine for ten days.

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Bottleneck In Japanese

2020-09-09

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2020-09-09

US / Japan, 2018-2020
Japan’s yen is backward, at least so far as its trading direction may be concerned. This is all the more confusing especially over the past few months when this rising yen has actually been aiding the dollar crash narrative while in reality moving the opposite way from how the dollar system would be behaving if it was really happening.

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