Tag Archive: newsletter

Fiscal Stimulus vs. Economic Growth

2021-01-12

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2021-01-12

US Real GDP to Potential Real GDP Ratio, 2000-2022
[unable to retrieve full-text content]For most experts a key factor that policymakers should be watching is the ratio between actual real output and potential real output. The potential output is the maximum output that the economy could attain if all resources are used efficiently. In Q3 2020, the US real GDP–to–potential US real GDP ratio stood at 0.965 against 1.01 in Q3 2019.

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SMART BOURSE – L’invité de la mi-journée : Thomas Costerg (Pictet WM)

2021-01-11

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Lundi 11 janvier 2021, SMART BOURSE reçoit Thomas Costerg (Économiste sénior US, Pictet WM)

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FX Daily, January 11: Greenback Extends Recovery

2021-01-11

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2021-01-11

Julius Ceasar is said to have "crossed the Rubicon" on January 10, 49 BCE, taking the 13th Legion into Rome, defying orders from the Senate, and precipitating the Roman Civil Wat that marked the end of the republic and the birth of the empire.

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Covid: closing Swiss schools one of most effective measures, says study

2021-01-11

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2021-01-11

School closed
The number of Covid cases went down significantly in Switzerland during spring as a result of schools closing, according to a study by ETH Zurich, reported RTS. Researchers at the university analysed anonymised mobile phone data of 1.5 billion movements of the Swiss population between 10 February and 26 April 2020. They used this data to calculate how much certain measures reduced mobility and contact.

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2021: If It Wasn’t For Bad Luck, We Wouldn’t Have No Luck At All

2021-01-11

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2021-01-11

If we have indeed begun a sustained "reversal of fortune", it might be prudent to consider the possibility we're only in the first inning of a sustained run of back luck.

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Switzerland hit by widespread malware campaign

2021-01-10

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2021-01-10

Several security bodies in Switzerland have been targeted by emails that appear to come from official organisations such as banks or the police and contain a password for a zip file. When this file is opened, the computer becomes infected with a trojan called Emotet.

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There Ain’t No Success like Failure

2021-01-10

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2021-01-10

Like me you are probably looking over photos of supposed Trump supporters breaching the ramparts and storming the Capitol yesterday. That is if you can find them. To “protect” us from viewing these incredibly “disturbing” scenes, Twitter has helpfully announced that it will severely restrict their distribution across its network.

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The Capitol Riot Wasn’t a Coup. It Wasn’t Even Close.

2021-01-10

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2021-01-10

On Wednesday, a mob apparently composed of Trump supporters forced its way past US Capitol security guards and briefly moved unrestrained through much of the capitol building. They displayed virtually no organization and no clear goals.

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They’ve Gone Too Far (or have they?)

2021-01-10

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2021-01-10

Between November 1998 and February 1999, Japan’s government bond (JGB) market was utterly decimated. You want to find an historical example of a real bond rout (no caps nor exclamations necessary), take a look at what happened during those three exhilarating (if you were a government official) months.

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Company bankruptcies fell sharply in Switzerland in 2020

2021-01-09

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2021-01-09

Despite the economic impacts of the coronavirus, significantly fewer Swiss companies went bankrupt in 2020 than the year before, according to the business data company Bisnode.

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There’s Always A First Time

2021-01-09

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2021-01-09

Is it a race against time? Or is it trying to set aside today so as to focus entirely on a specific kind of tomorrow? It’s easy to do the latter especially when today is what it is; you can’t change what’s already gone on.

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Why the 2020s Won’t Be like the Roaring 20s

2021-01-09

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2021-01-09

Audio Mises Wire
The 1920s featured political détente, debt liquidations by prior consumer price inflation, an introductory stalling of monetary inflation, a German economic miracle, and a broad-based technological revolution. The 2020s have none of these. Original Article: "Why the 2020s Won't Be like the Roaring 20s" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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Hayek, Friedman, Buchanan: The Villains of “Neoliberalism”

2021-01-09

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2021-01-09

Wendy Brown, a well-known political theorist who teaches at UC Berkeley, does not like Friedrich Hayek very much. She in part blames him and others as well, including Milton Friedman and James Buchanan, for policies that have led to the bad state of the world in general and America in particular today.

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Gold to $2,300 and Silver to $35 by Year End – 2021, the Year the Barometer Explodes?

2021-01-09

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2021-01-09

The US dollar set for further dramatic declines?Negative interest rate policy spreadingIncreased global liquidity in attempt to ignite a recoveryDemocrats’ win paves way for massive stimulus packagesGold and silver set to rally strongly in a perfect storm.

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FX Daily, January 08: Can the Dollar Find Traction Even if the Employment Data Disappoint?

2021-01-08

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2021-01-08

The global equity rally picked up this week as it closed in 2019. The MSCI Asia Pacific Index gained today and is up in nine of the past 10 sessions. It has fallen only in one week since the end of October. South Korea's Kospi led today's advance with a nearly 4% rally on the back of talks that were later played down between Hyundai and Apple. 

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2021-01-08 – Swiss National Bank expects annual profit of around CHF 21 billion for 2020

2021-01-08

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2021-01-08

According to provisional calculations, the Swiss National Ban k will report a profit in the order of CHF 21 billion for the 2020 financial year. The profit on foreign currency posi ti ons amounted to CHF 13 billion. A valuation gain of CHF 7 billion was recorded on gold holdings. The net r esult on Swiss franc posit ions amounted to over CHF 1 billion.

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Swiss Retail Sales, November 2020: 1.0 percent Nominal and 1.7 percent Real

2021-01-08

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2021-01-08

Switzerland Retail Sales YoY, November 2020
Turnover adjusted for sales days and holidays rose in the retail sector by 1.0% in nominal terms in November 2020 compared with the previous year. Seasonally adjusted, nominal turnover fell by 2.4% compared with the previous month.

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EU-Klimapolitik: Immer tiefer in die Planwirtschaft

2021-01-08

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2021-01-08

Politik: Das ist – ein wenig überspitzt formuliert – die Installation falscher Systeme und die strategische Nutzung der sich hieraus ergebenden Irritationen sowie die taktische Beherrschung des hieraus resultierenden endlosen Reparaturbetriebs.

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Swiss rents and property prices up in 2020 due to pandemic

2021-01-08

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2021-01-08

The pandemic had a significant impact on Swiss real estate prices in 2020, according to industry experts.

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2021: Welcome to Post-persuasion America

2021-01-08

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2021-01-08

Audio Mises Wire
Mobilization and separation, not persuasion, is the way forward.

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