Tag Archive: Featured

FX Daily, November 25: Risk Appetites Stall Ahead of the US Thanksgiving Holiday

2020-11-25

by

2020-11-25

The global equity rally appears to be stalling after the US markets rallied strongly yesterday. Chinese, Taiwan, Korean, and Indian indices fell, and the MSCI Asia Pacific Index appears to have posted only its second loss this month. European shares are narrowly mixed, leaving the Dow Jones Stoxx 600 little changed.

Read More »

Dollar Weakness Resumes as Short-Covering Fades

2020-11-25

by

2020-11-25

Cross-Market Implied Vol, 2020
Sentiment is being buoyed by two incrementally positive stories; cross-markets implied volatility measures continue to trend lower; dollar weakness has resumed. President-elect Biden will reportedly officially name his first cabinet picks today; Fed manufacturing surveys for November will continue to roll out; Brazil and Mexico both reports mid-November inflation readings.

Read More »

What the Covid Vaccine Hype Fails to Mention

2020-11-25

by

2020-11-25

Pfizer recently announced that its covid vaccine was more than 90 percent “effective” at preventing covid-19. Shortly after this announcement, Moderna announced that its covid vaccine was 94.5 percent “effective” at preventing covid-19. Unlike the flu vaccine, which is one shot, both covid vaccines require two shots given three to four weeks apart. Hidden toward the end of both announcements, were the definitions of “effective.”

Read More »

Dollar Weakness Resumes as Markets Start Another Week in Risk-On Mode

2020-11-25

by

2020-11-25

Europe and UK PMIs, 2018-2020
Covid vaccine results from AstraZeneca and Oxford University brought another wave of optimism; dollar weakness has resumed; that said, we will refrain from making any longer-term calls for the demise of the dollar. Reports suggest President-elect Biden is pushing House Democrats to reduce the size of their fiscal package demands to unlock negotiations; Republicans have an interest in compromising.

Read More »

The Evil of American Exceptionalism

2020-11-25

by

2020-11-25

Audio Mises Wire
According to Anne Applebaum, those who deny American “exceptionalism,” that is to say, global crusading for “democracy,” are dangerous extremists.

Read More »

Biden Transition and Vaccine Hopes Weigh on Gold for Now

2020-11-25

by

2020-11-25

GoldCore Gold Chart
Today we are taking our monthly look at the charts for gold and silver. We have now received news of 3 Covid19 vaccines that are seeking approval following successful trials and markets have sat up and listened.

Read More »

The United Nations and the Origins of “The Great Reset”

2020-11-25

by

2020-11-25

Audio Mises Wire
The United Nations has been the key institution in setting the stage for a global "Great Reset" devoted to global management of human society and of markets.

Read More »

Our Frustrations Run Far Deeper Than Covid Lockdowns

2020-11-25

by

2020-11-25

The reality is the roulette wheel is rigged and only chumps believe it's a fair game. It's easy to lay America's visible frustrations at the feet of Covid lockdowns or political polarization, but this conveniently ignores the real driver: systemic unfairness.

Read More »

FX Daily, November 24: Diverging PMIs Fail to Give the Dollar Lasting Support

2020-11-24

by

2020-11-24

Overview: The contrast between the eurozone and US preliminary PMI readings caught the short-term market leaning the wrong way, and the dollar snapped back after extending its recent losses.  However, today the US dollar is back on its heels and returning to yesterday's lows against most major currencies.

Read More »

Covid, November 24: Switzerland’s infection rate continued to slow over the weekend

2020-11-24

by

2020-11-24

Over the weekend, Switzerland averaged 3,250 new daily recorded cases (9,751 over 72 hours). This represents a significant drop from the daily peak of 10,128 cases reported on 5 November 2020.

Read More »

Why I’m Hopeful About 2021

2020-11-24

by

2020-11-24

What we need is not a return to the corrupt, tottering kleptocracy of 2019, but a re-democratization of capital, agency and money. I'm hopeful about 2021, and no, it's not because of the vaccines or the end of lockdowns or anything related to Covid. The status quo is cheering the fantasy that we'll soon return to the debt-soaked glory days of 2019 when everything was peachy.

Read More »

Being Pro-union Means Being Antiworker

2020-11-24

by

2020-11-24

After becoming the apparent president-elect, Joe Biden clearly promised to unify Americans. However, that promise was in sharp contrast to what his campaign promises would actually achieve.

Read More »

Achtung DAX mit neuem Trend | der Blick auf die Woche KW 48

2020-11-23

by

Achtung DAX mit neuem Trend | der Blick auf die Woche KW 48 Achtung der DAX hat wieder einen neuen Trend, weiteres erfährst du in meinem dies wöchigen Blick auf die Woche. Trage dich jetzt in unseren Newsletter ein, um den "Blick auf die Woche" am Montag noch vor allen anderen zu erhalten: https://mariolueddemann.com/aktuelles/#newsletter Basiskurs Trading: https://mariolueddemann.com/basiskurs-trading/ Screeningdienst für nur 1€ testen:...

Read More »

FX Daily, November 23: Markets Look Past Near-Term Challenges

2020-11-23

by

2020-11-23

Overview:  News that the AstraZeneca vaccine was 70% effective but could be enhanced by changing dosage is lifting spirits and boosting equities.  Japan's markets were closed for a national holiday, but all the equity markets in the region advanced and many by more than 1%. 

Read More »

Revelation Of The Method

2020-11-23

by

2020-11-23

There is one question very few are asking. Even on the most obscure blogs or conspiracy forums, we don’t find serious discussion of it.

Read More »

Deflation Returns To Japan, Part 2

2020-11-23

by

2020-11-23

Japan PMIs, 2018-2020
Japan Finance Minister Taro Aso, who is also Deputy Prime Minister, caused a global stir of sorts back in early June when he appeared to express something like Japanese racial superiority at least with respect to how that country was handling the COVID pandemic.

Read More »

The Impossibility of “Taxation with Representation”

2020-11-23

by

2020-11-23

Whether you have watched The Sopranos, Goodfellas, or The Godfather, the gist of those stories is always the same: a mafia boss gets involved with a private person or sometimes a businessowner and demands a fee to be paid by midnight tomorrow, otherwise said person will lose a finger or two and maybe a kneecap as well.

Read More »

China’s New Five-Year Plan Exposes the Wishful Thinking behind Socialist Regimes

2020-11-23

by

2020-11-23

On October 29, the nineteenth Central Committee of the Chinese Communist Party concluded its fifth plenum, a four-day meeting devoted primarily to laying the groundwork for China’s fourteenth five-year plan, which covers the period from 2021 to 2025.

Read More »

EM Preview for the Week Ahead

2020-11-23

by

2020-11-23

Most EM currencies were up last week, once again taking advantage of broad dollar weakness. In addition, EM equities also performed well, with MSCI EM up for the third week in a row and for seven of the past eight. We expect EM assets to continue benefiting from the global liquidity story as well as the weak dollar trend.

Read More »

Covid: only the vaccinated get to travel abroad, suggests Swiss infectious disease expert

2020-11-23

by

2020-11-23

Resistance to vaccinations is significant in Switzerland. A survey done in November 2020 suggests only 16% of the population would get vaccinated immediately if there was an approved Covid-19 vaccine, reported 20 Minutes.

Read More »