Tag Archive: Featured

Women 62 percent of doctors under 40 in Switzerland

2020-10-09

by

2020-10-09

At the end of 2018, there were 23,000 doctors in Switzerland, according to a recently published study. Overall, 41% of these doctors were women. Among doctors aged 60-64, the percentage was 28%. However, 62% of doctors under 40 were women, a figure which partly reflects the higher numbers of women graduating from Swiss universities.

Read More »

Most Everything Governments Do Should Be Regarded as “Corrupt”

2020-10-09

by

2020-10-09

Audio Mises Wire
Governments that redistribute wealth and regulate our daily lives are inherently corrupt. We cheapen the word "corruption" when we reserve it for just a few politicians who break the arbitrary rules.

Read More »

A Hard Rain Is Going to Fall

2020-10-09

by

2020-10-09

The status quo is about to discover that it can't stop the hard rain or protect its fragile sandcastles. You'll recognize A Hard Rain Is Going to Fall as a cleaned-up rendition of Bob Dylan's classic "A Hard Rain's a-Gonna Fall".

Read More »

Dollar Remains Heavy as Markets Await Fresh Drivers

2020-10-09

by

2020-10-09

The US Vice Presidential debate was a comparatively cordial affair, though the impact on the election is likely to be limited; polls continue to move in favor of Biden, including in swing states. The weak dollar narrative under a Democratic sweep continues to play out; the outlook for fiscal stimulus is as cloudy as ever; FOMC minutes contained no big surprises.

Read More »

Problems with Theories on the Black-White Wealth Gap

2020-10-09

by

2020-10-09

The wealth gap between white and black Americans is frequently discussed. Today it’s becoming popular to attribute disparities to black culture. Clearly all cultures are not equal, but can the subculture of some black American communities explain variations within the wealth gap?

Read More »

FX Daily, October 08: Markets Catch Collective Breath

2020-10-08

by

2020-10-08

The S&P 500 and NASDAQ closed at their highest levels in around a month yesterday, recouping Tuesday's presidential tweet-driven drop. We thought the market overreacted to the end of the fiscal talks as many had already recognized that a stimulus agreement was unlikely before the election, but the near round-trip seen in stocks and bonds was surprising.

Read More »

Swiss bank caught in Venezuelan money-laundering scandal

2020-10-08

by

2020-10-08

The Swiss Financial Market Supervisory Authority (FINMA) has found that Banca Credinvest “seriously violated money-laundering regulations” in its handling of Venezuelan client relationships.

Read More »

If the US Adopts Eurozone Policies, the Jobs Recovery Will Suffer

2020-10-08

by

2020-10-08

Audio Mises Wire
The best social policy is one that supports job creation and rising wages. Entitlements do not make a society more prosperous, and ultimately drive it to stagnation. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "If the US Adopts Eurozone Policies, the Jobs Recovery Will Suffer​".

Read More »

FX Daily, October 07: The Day After

2020-10-07

by

2020-10-07

President Trump's tweet announced that negotiations with the House Democrat leadership had collapsed, and there will be no further talks until after the election. Many economists had been removing it from their Q4 GDP projections, but the market was caught wrongfooted. Risk came off.

Read More »

EasyJet reduces fleet and cuts jobs in Switzerland 

2020-10-07

by

2020-10-07

Faced with lower demand and with no recovery expected anytime soon, EasyJet Switzerland is withdrawing two of its 12 planes stationed in Basel. Seventy jobs will be lost. 

Read More »

Dollar Softens and US Curve Steepens as Odds of Democratic Sweep Rise

2020-10-07

by

2020-10-07

2020 Presidential Elections Odds
The dollar remains under pressure; the US curve continues to steepen; a compromise on fiscal stimulus before the election still seems unlikely; this is another quiet day in terms of US data. President Lagarde said the ECB is prepared to inject fresh monetary stimulus to support the recovery; we expect the ECB to increase its PEPP in Q4.

Read More »

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

2020-10-07

by

2020-10-07

Following the ideas of John Maynard Keynes and Milton Friedman, many commentators associate economic growth with increases in the demand for goods and services. Both Keynes and Friedman held that the Great Depression of the 1930s was due to an insufficiency of aggregate demand and that thus the way to fix the problem was to boost aggregate demand.

Read More »

Silver Falls, We’ve Got #$*&! Mail

2020-10-07

by

2020-10-07

Silver Basis and Co-basis and the Dollar Price
There was a big drop in the price of silver last Wednesday. Then the price moved up, and down, but mostly up. Let’s look at a graph of the silver price and basis showing Sep 30 through Oct 5, with intraday resolution.

Read More »

FX Daily, October 6: The Dollar Tests Key Supports and Pauses

2020-10-06

by

2020-10-06

Market moves have stalled.  The MSCI Asia Pacific Index did manage to extend Monday's gains, but other markets are heavier.  Europe's Dow Jones Stoxx 600 is snapping a three-day advance.  The communications sector is the sole standout, though financials and energy are little changed.

Read More »

Kantonaler Wahlnotstand

2020-10-06

by

2020-10-06

In wenigen Tagen wird im Kanton Aargau, aber auch in anderen Kantonen, das Kantonsparlament und die Kantonsregierung gewählt. Der Wahlkampf ist eher flau. Vielleicht weil es daran liegt, dass das grösste Thema einfach totgeschwiegen wird: Corona wird bei keiner Partei auch nur schon erwähnt (und wenn doch, bitte zeigen Sie’s mir!).

Read More »

Pandemic increases demand for second homes in Switzerland

2020-10-06

by

2020-10-06

Demand for second homes has risen since restrictions related to coronavirus were loosened, according to real estate company Wüest Partner.

Read More »

Who’s Negative? The Marginal American Worker

2020-10-06

by

2020-10-06

CPS Household Survey: Civilian Labor Force Level, 2007-2020
The BLS’s payroll report draws most of the mainstream attention, with the exception of the unemployment rate (especially these days). The government designates the former as the Current Employment Statistics (CES) series, and it intends to measure factors like payrolls (obviously), wages, and earnings from the perspective of the employers, or establishments.

Read More »

Explaining the Plan to Dismantle Schools and the Fed’s Alchemy

2020-10-06

by

2020-10-06

Bob reads from an article recently tweeted out by the NEA, which calls for an end to schooling as we know it in order to promote anti-racism. He then discusses what the Fed has been up to since the coronavirus panic began.

Read More »

FX Daily, October 05: Monday’s Dollar Blues

2020-10-05

by

2020-10-05

New actions to contain the virus are being taken in the US and Europe, but investors are looking past it and taking equities and risk assets, in general, higher to start the new week. MSCI Asia Pacific recouped most of last week's 0.7% loss with gains of move than 1% in Japan, Hong Kong, South Korea, and Australia.

Read More »

House View, October 2020

2020-10-05

by

2020-10-05

Rising coronavirus cases accompanied by flagging recovery momentum and a fractious run-up to the US elections make prospects for equities highly reliant on 3Q results and further policy stimulus. Against this background we have downgraded our stance on euro area equities from neutral to underweight, following a similar downgrade for US equities in August.

Read More »