Tag Archive: Featured

Dollar Bleeding Stanched as Markets Search for Direction

2020-10-14

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2020-10-14

2020 Senate Control
Markets have a bit of a risk-off feel today; the dollar bleeding has been stanched for now; IMF releases its updated World Economic Outlook. A stimulus package before the election appears doomed; Fed’s Barkin and Daly speak; a big data week for the US kicks off with September CPI today.

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Why These Gold Standardites Are Wrong, 13 October

2020-10-14

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2020-10-14

On Friday, the price of silver went up from $24.25 to $25.20, or +4%. Let’s look at the graph of the price and basis (i.e. abundance) action. For the first part of the day, the action is from speculators, for the most part.

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Nasdaq im Höhenflug | Der Blick auf die Woche KW42

2020-10-13

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Nasdaq im Höhenflug | Der Blick auf die Woche KW42 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: https://mariolueddemann.com/screeningdienst/ Termine: 17.10. - 19.10.2020 Mastermind-Seminar Volatilität in Frankfurt...

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FX Daily, October 13: Markets Look for Fresh Incentives

2020-10-13

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2020-10-13

The S&P 500 and NASDAQ gapped higher for the third consecutive session and continued to advance. The benchmarks reached their best level since early September. Hong Kong markets were closed due to a storm, but the MSCI Asia Pacific gained for the seventh consecutive session. Most markets were higher, though Taiwan and South Korea were exceptions.

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Forecast: 2020 economic slump less serious than feared

2020-10-13

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2020-10-13

Comparison of forecasts of October 20 and June 20
The Expert Group is expecting GDP adjusted for sporting events to fall by 3.8 % in 2020 and unemployment to average 3.2 % over the year as a whole. Prospects for 2020 are therefore less negative than feared in the middle of the year. The momentum is likely to weaken as time goes on.

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Our Simulacrum Economy

2020-10-13

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2020-10-13

In the hyper-real casino, everyone has access to the terrors of losing, but only a few know the joys of the rigged games that guarantee a few big winners by design. Readers once routinely chastised me for over-using simulacrum to describe our economy and society.

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Swiss National Bank intervenes heavily to weaken Swiss franc

2020-10-13

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2020-10-13

Official data recently released by the Swiss National Bank (SNB) show it sold 51.5 billion Swiss francs while acquiring US dollar and euro-denominated assets in a bid to weaken the franc over the first quarter of 2020.

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Coronavirus: more than 4,000 new cases over 3 days in Switzerland

2020-10-13

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2020-10-13

On 12 October 2020, the Federal Office of Public Health (FOPH) reported 4,068 new cases of SARS-CoV-2 infection over 72 hours. The latest 3-day infection figure is 2.6 times the number over the same period a week ago.

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The NRA Would Be Wise to Leave New York ASAP

2020-10-13

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2020-10-13

Audio Mises Wire
The NRA would be wise to vote with its feet. Millions of Americans have already escaped the high taxes and freedom-destroying blue state regimes by doing the same. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Article: "The NRA Would Be Wise to Leave New York ASAP".

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A Critique of the Labor Theory of Value

2020-10-13

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2020-10-13

Before proceeding, we should be clear on what an economic theory of value is supposed to do: its task is simply to explain the exchange value of particular goods and services. That is, an economic theory of value must explain why someone selling good X can receive x berries in exchange for it, whereas someone selling good Y will only find someone willing to give up y berries in exchange for his good (where y< x).

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Initiative against Swiss Covid app fails

2020-10-13

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2020-10-13

In July 2020, a group started gathering signatures to launch a public vote to ban Switzerland’s Covid-19 contact tracing app.

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FX Daily, October 12: Yuan in Spotlight in Consolidative Session

2020-10-12

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2020-10-12

Led by 2-3% gains in Hong Kong and China, the MSCI Asia Pacific Index rose for the sixth consecutive session is pressing against the high for the year. European stocks are firmer, and the Dow Jones Stoxx 600 is up around 0.5% near midday, and shares are also trading firmer.

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Hotel sector sees gloomy outlook

2020-10-12

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2020-10-12

Swiss hotels are predicting a worsening outlook, as newspapers warn thousands of jobs could be lost in the sector. According to the latest survey by sector association HotellerieSuisse  at the beginning of this month, more than a third of hotels (37%) say they will have to lay off staff in the coming months.

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Tyrants Are Waging War Against Their Own Citizens

2020-10-12

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2020-10-12

As [D] Mayor de Blasio shuts down schools and restaurants in NYC yet AGAIN, and as cops in Australia arrest women on beaches for traveling outside of 5 KM from their homes, it’s clear that tyrants around the world are openly waging war against their own people. Claudio Grass joins me to discuss.

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Japan Embraced Debt as a Way out of Its Budget Crisis. It’s Not Working.

2020-10-12

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2020-10-12

Tax Revenues of Japan’s Central Government
The sudden resignation of Japans Prime Minister Shinzo Abe has led to evaluations of his so-called Abenomics. Many have praised Abe’s aggressive monetary policy because the long shopping list of the Bank of Japan (government bonds, corporate bonds, ETFs and real estate investment trusts) has inflated stock and real estate prices (Shirai 2020; Financial Times 2020).

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Drivers for the Week Ahead

2020-10-12

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2020-10-12

Dollar losses are accelerating; the virtual IMF/World Bank meetings begin Monday. A big stimulus package before the election still seems unlikely; there are a fair amount of Fed speakers during this holiday-shortened week.

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Raus aus der Alkohol, Zigaretten und Süßigkeitensucht, rein ins Gym!

2020-10-11

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Der Podcast von Dr. Dr. Rainer Zitelmann: Erfolg, Reichtumsforschung und Finanzen iTunes: https://podcasts.apple.com/us/podcast/dr-dr-rainer-zitelmann-erfolg-reichtumsforschung-und/id1519670241?ign-mpt=uo%3D4 Spotify: https://open.spotify.com/show/4iOCtLF6d2pvhZgS4JgtW8 Podcast.de: https://www.podcast.de/podcast/827314/ Folgen Sie mir auf Twitter - https://mobile.twitter.com/rzitelmann Folgen Sie mir auf Facebook -...

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Coronavirus: over 1,000 new cases in a day in Switzerland

2020-10-11

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2020-10-11

On 7 October 2020, the Federal Office of Public Health (FOPH) reported 1,077 new cases of SARS-CoV-2 infection over 24 hours.

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Dollar Slide Continues as US Fiscal Stimulus Remains Questionable

2020-10-11

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2020-10-11

2020 Senate Control
The dollar remains heavy; stimulus talks may or may not be dead; the White House is still sending mixed signals. This is another quiet day in terms of US data; Canada reports September jobs data. We got some more eurozone IP readings for August; following Greece yesterday, it’s Italy’s turn today to register another record low for its 10-year bond yield.

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Our Politicians Would Probably Be Better If We Picked Them by Lot

2020-10-11

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2020-10-11

Audio Mises Wire
Rather than choose among a group of narcissists desperate to become popular by redistributing the income of others, why not choose officeholders by lot for a single term?

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