Tag Archive: Featured

Swiss economy to slide less than feared, according to new forecast

2020-10-19

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2020-10-19

An updated forecast published this week by the Switzerland’s federal government is less negative than forecasters feared in the middle of the year.

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EM Preview for the Week Ahead

2020-10-19

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2020-10-19

Risk assets are coming off a tough week. The dollar was bid across the board except for the yen, which outperformed slightly. The only EM currencies to gain against the dollar were KRW and CLP. The major US equity indices somehow managed to eke out very modest gains but stock markets across Europe sank as the viral spread threatens to slam economic activity again.

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Bob Murphy Analyzes “The Hunt” and “The Purge” Movies as an Anarchist

2020-10-19

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2020-10-19

Bob offers his commentary on the movies “The Hunt” and “The Purge”—both produced by Blumhouse Productions—and focuses on whether The Purge storyline offers a challenge to Rothbard’s depiction of anarcho-capitalism.

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Central Banks and the Problem with Playing God

2020-10-19

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2020-10-19

Today’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even outright resentment. Public trust in government is near historic lows, and pillars like the media or democracy are suffering from a loss of confidence.

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Zug and Geneva boost attractiveness with corporate tax cuts

2020-10-18

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2020-10-18

Canton Geneva has made the biggest jump in the annual Credit Suisse ranking of attractive business locations, moving up ten spots to sit just behind Zurich.

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5 Estate Planning Myths That Can Derail Your Estate Plan

2020-10-18

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2020-10-18

You spend a lifetime earning, saving, acquiring. But the old adage is true—you can’t take it with you. So, what do you do with your assets when you’re gone? How do you want them distributed? That’s where a good estate plan comes in.

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The Jacksonians’ Bank War: Liberty versus Power

2020-10-18

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2020-10-18

The Jacksonians saw central banking for what it was: a way of making the rich even richer, while ripping off ordinary people. We remember the Jacksonians not just because they were right about the central bank, but because they were also very successful in their fight against the Bank and its allies.

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Coronavirus: tough restrictions needed to avoid deaths, says WHO director

2020-10-18

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2020-10-18

Tough restrictions are absolutely necessary to save lives, the World Health Organization (WHO) warned, as a second Covid-19 wave emerges in Europe.

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FINMA-Aufsichtsmitteilung 08/2020: LIBOR-Ablösung im Derivatebereich

2020-10-17

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2020-10-17

Die Eidgenössische Finanzmarktaufsicht FINMA empfiehlt den von der LIBOR-Ablösung betroffenen Beaufsichtigten, das neue Rückfallprotokoll der International Swaps and Derivatives Association (ISDA) frühestmöglich zu unterschreiben.

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Roche poised to launch mass Covid testing

2020-10-17

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2020-10-17

Swiss drug firm Roche says it is to launch a new Covid-19 antigen test before the end of the year, allowing faster, higher-volume testing. One of the most potent use cases could be at airports to ease the severe restrictions on air transport.

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Coronavirus: masks sold in Switzerland fail basic tests

2020-10-17

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2020-10-17

Only 4 out of the 16 masks sold in Switzerland that were tested passed all three tests conducted by a textile testing company, according to RTS.

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Dollar Gains as Market Sentiment Goes South

2020-10-17

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2020-10-17

FX Implied Volatility, 2019-2020
Virus restrictions across Europe continue to sour sentiment; the dollar is benefiting from the risk-off backdrop. The stimulus package is deader than Elvis; Fed manufacturing surveys for October will start to roll out; weekly jobless claims will be reported; Chile is expected to keep rates steady at 0.5%.

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Why There’s So Much Confusion over What “Inflation” Means

2020-10-17

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2020-10-17

Understood properly,  inflation is not a general increase in prices but is an increase in the money supply "out of thin air" which brings about the impoverishment of wealth generators. When inflation is seen as a general increase in prices, then anything that contributes to price increases is called inflationary.

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Gold and Silver Set for a Breakout?

2020-10-17

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2020-10-17

Gold Price Chart
Today we are taking our weekly look at the charts for gold and silver. Corvid 19, the US Election and US Financial Stimulus talks have given gold plenty to digest over the last week. On a short term basis gold has been taking a lot of signal from the fortunes of the stock markets and increased hopes of agreement of a financial stimulus package gave a boost to both stock markets and the gold price.

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FX Daily, October 16: Deja Vu All Over Again

2020-10-16

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2020-10-16

It was like deja vu all over again. First, the market reacted immodestly to headlines indicating there was little chance of pre-election fiscal stimulus in the US. It was hardly new news. Then the market seemed to react with surprise that there was no last-minute breakthrough in the UK-EU trade negotiations.

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Aktualisierte Sanktionsmeldung

2020-10-16

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2020-10-16

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat eine Änderung des Anhangs 3 der Verordnung vom 27. August 2014 über Massnahmen zur Vermeidung der Umgehung internationaler Sanktionen im Zusammenhang mit der Situation in der Ukraine (SR 946.231.176.72) publiziert.

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Weekly View – Biden time for markets

2020-10-16

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2020-10-16

Donald Trump’s poll numbers were looking increasingly unhealthy at the time of writing, but at least the cocktail of drugs administered to the coronavirus-stricken President appears to have worked.

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Coronavirus: contact tracers now unable to cope in parts of Switzerland

2020-10-16

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2020-10-16

In parts of Switzerland contact tracers can no longer cope with the rising numbers of cases, according the newspaper SonntagsZeitung. Contact tracers have the task of identifying who has been in contact with people testing positive for SARS-CoV-2, contacting those people and requesting they test and self isolate in order to break chains of infection.

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Banks making slow progress on diversity issues

2020-10-16

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2020-10-16

A recent story from the New York Times implied that the resignation of Ivory Coast-born Tidjane Thiam at the helm of Credit Suisse earlier this year had racist undertones, and he was the only Black CEO among the world’s biggest banks. How does the banking world – especially Credit Suisse – address the issue of diversity among its ranks?

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Swiss return frozen CHF36 million to South American football federation

2020-10-16

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2020-10-16

Swiss authorities have returned about CHF36.6 million ($40 million) in funds frozen in Swiss bank accounts amid football corruption investigations into the South American football confederation CONMEBOL.

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