Tag Archive: Featured

Central Banks and the Problem with Playing God

2020-10-23

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2020-10-23

Audio Mises Wire
It seems the reach and influence of central banks has never been higher, yet they are increasingly flying blind in an environment where central bank tools are growing ever more imprecise and dangerous.

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FX Daily, October 22: Greenback Stabilizes

2020-10-22

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2020-10-22

Two sets of talks have riveted attention, and both appeared to have made progress yesterday. After some words, the EC, recognizing the importance of UK sovereignty, UK Prime Minister Johnson signaled a resumption of trade talks.

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Occupational mobility: nearly 20 percent of employed persons left their job between 2018 and 2019

2020-10-22

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2020-10-22

Reason for leaving a position (gross rotation rate)
22.10.2020 - In Switzerland, 19.2% of people who pursued a professional activity left their job between 2018 and 2019. Mobility is particularly strong among young people, people with a fixed-term contract or working in the hotel and restaurant sector.

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Everything is Staged

2020-10-22

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2020-10-22

All the staging is a means to an end, and everyone in America is nothing more than a means to an end: close the sale so the few can continue exploiting the many. You know how realtors stage a house to increase its marketability: first, they remove all evidence that people actually live there.

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Coronavirus: Switzerland hits new daily record

2020-10-22

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2020-10-22

On 21 October 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 5,596, new cases of SARS-CoV-2 infection over 24 hours.

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Coronavirus: Geneva hospital feels strain as number of patients rises

2020-10-22

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2020-10-22

In Geneva, the number hospitalised with Covid-19 has reached 134, the highest it has been since the first wave in spring. On Friday 16 October 2020, there were 94 patients. This represents a jump of 43% in 3 days.

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Was Hoppe Wrong About Democracy?

2020-10-22

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2020-10-22

Hans-Hermann Hoppe has shown in his writings on democracy that democracy leads to economic impoverishment and political disaster under certain conditions.  But what are those conditions, and are they dominant in electoral institutions in the United States today?

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FX Daily, October 21: Dollar Slumps as Yields Rise

2020-10-21

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2020-10-21

Overview:  The dollar is falling against most of the world's currencies today, even as long-term yields rise to the most in four months and drags global yields higher.  The US 10-year yield is pushing above 0.80%, and the 30-year is above 1.60%. 

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Second Covid Wave in Europe, Rest of the World still Unaffected

2020-10-21

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2020-10-21

The second wave of the Coronavirus is currently raging in Europe. The attached image shows the number of newly infected people in European countries on a linear scale. In particular in the Czech republic, but also in Switzerland, France or Spain, one can see a tendency of exponential growth.

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The New Tyranny Few Even Recognize

2020-10-21

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2020-10-21

Clearly, the Fed reckons the public is foolish enough to believe the Fed's money will actually be "free." It's pretty much universally recognized that authorities use crises to impose "emergency powers" that become permanent.

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Coronavirus: rapid tests prove reliable, according to Swiss study

2020-10-21

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2020-10-21

SARS-CoV-2 tests that give results in 15 minutes scored well on sensitivity, according to a study by Unisanté in Lausanne, Switzerland. The tests, which involve taking a sample of nasal secretions from the back of the nose and throat, test for a protein present in the virus.

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Dollar Soft as Markets Await Fresh News and Rumours

2020-10-21

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2020-10-21

USD YTD Performance, 2020
The dollar is coming under pressure again; markets are finally waking up to the fact that a stimulus deal before 2021 is unlikely; 10-year Treasury yields have been trading in a narrow range for months.

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FX Daily, October 20: Narrowly Mixed Markets as Clearer Direction Sought

2020-10-20

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2020-10-20

The capital markets lack a clear direction today. This is reflected in narrowly mixed equities, bonds, and currencies. The spreading contagion is giving rise to new economic concerns, among other things, and the UK-EU talks are struggling to resume, while Pelosi-Mnuchin talks in the US continue to drag.

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Swiss Trade Balance Q3 2020: foreign trade regains color

2020-10-20

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2020-10-20

Switzerland Trade Balance, September 2020
After its historic decline in the second quarter, Swiss foreign trade showed a clear recovery in the third quarter of 2020. In seasonally adjusted terms, exports swelled by 6.5% and imports by 11.5%. The two traffic departments, however, remained well below their record level for the second quarter of 2019. The trade balance closed with a surplus of 8.2 billion francs.

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Coronavirus: 14,000 new cases reported this week in Switzerland

2020-10-20

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2020-10-20

On 16 October 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 3,105 new cases of SARS-CoV-2 infection over 24 hours, bringing the reported weekly total to 14,054, a figure 135% higher than the week before.

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The Progressivism of the Future Is Really Just the Socialism of the Past

2020-10-20

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2020-10-20

The world is currently in the midst of a newly aggressive drive to bring about a new socialist order through a powerful and "efficient" technocratic state. This new order has been labeled as "progressive," but it is merely the latest version of the socialist impulse which we have seen before in the form of socialism and communism. 

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Will the Stock Market Be Dragged to the Guillotine?

2020-10-20

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2020-10-20

The Fed's rigged-casino stock market will be dragged to the guillotine by one route or another. The belief that the Federal Reserve and its rigged-casino stock market are permanent and forever is touchingly naive. Never mind the existential crises just ahead; the financial "industry" (heh) projects unending returns of 7% per year, or is it 14% per year?

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If We Want to Increase Demand in the Market, We Must First Increase Production

2020-10-20

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2020-10-20

Audio Mises Wire
An individual’s demand is constrained by his production of goods. The more goods an individual produces, the more of other goods he can secure for himself.

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Drivers for the Week Ahead

2020-10-20

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2020-10-20

Some are holding out hope but we think the stimulus package remains dead; Fed releases its Beige Book report Wednesday; there is a full slate of Fed speakers this week. Fed manufacturing surveys for October will continue to roll out; weekly jobless claims will be reported Thursday; BOC releases results of its Q3 Business Outlook Survey Monday.

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FX Daily, October 19: Sterling Sparkles in Dollar Setback

2020-10-19

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2020-10-19

Investors have not let the surge of the virus or uncertainty over the UK-EU talks or US fiscal stimulus to stand in their way.  Sterling is leading the major currencies higher, returning to the $1.30 area, while global equities are trading higher.

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