Tag Archive: newsletter

Covid, November 27: French-speaking Switzerland to reopen retail and restaurants

2020-11-27

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2020-11-27

The SARS-CoV-2 virus has hit French-speaking Switzerland harder than the rest of Switzerland both before and since summer.

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Swiss pledge CHF104 million in development aid for Afghanistan

2020-11-27

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2020-11-27

At an international conference in Geneva to source funding for Afghanistan, Switzerland has renewed its annual CHF26 million ($28.48 million) pledge for another four years.

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Price indices’ upgrade includes addition of an official residential property price index

2020-11-27

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2020-11-27

From 2021, the price indices published by the Federal Statistical Office (FSO) will be armed with an updated methodology that reflects market changes as closely as possible. Furthermore, a new price index will be added to the existing set, measuring residential property price change, which will be published on a quarterly basis.

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A Dimly Lit Thanksgiving

2020-11-27

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2020-11-27

Our overweening faith and confidence in our wealth and power make this a dimly lit Thanksgiving. A public expression of gratitude by victorious sports stars, lottery winners, etc. is now the convention in America: coaches, teammates, family and mentors (or agents) are recognized as an expression of the winners' humility and gratitude for everyone that contributed to the success.

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Inflation and the French Revolution: The Story of a Monetary Catastrophe

2020-11-27

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2020-11-27

As in so much else, the French revolutionary regime (1789–94) was the precursor of the centralized, totalitarian, managerial, pseudo-democratic despotisms that now reign over the West. It is also reminder that mass democracy and inflation go together, as surely as thunder and lightning. Let us revisit the Revolution, from a free-market, hard-money perspective.

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Blockchain trading venue challenges stock exchange dominance

2020-11-26

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2020-11-26

Digital assets bank Sygnum says it will open up new sources of funding for small companies by creating and trading shares on the blockchain. Its new trading facility will also target venture capital, real estate and the arts and collectibles market.

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Employment in Switzerland continued to fall in 3rd quarter

2020-11-26

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2020-11-26

Switzerland Employment Level, Q3 2020
26.11.2020 - In the 3rd quarter 2020, total employment (number of jobs) fell by 0.4% in comparison with the same quarter a year earlier (+0.5% with previous quarter). In full-time equivalents, employment in the same period declined by 0.1%. The Swiss economy counted 11 900 fewer vacancies than in the corresponding quarter of the previous year (–15.1%) with the employment outlook indicator also indicating a downward trend (-2.3%).

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Government hopes for ‘first successful pension reforms’ of the century

2020-11-26

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2020-11-26

In summer 2019 the social partners agreed on a reform of the Swiss occupational pension scheme. The government on Wednesday adopted this compromise unchanged; the ball is now in parliament’s court.

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Clariant plans to slash more jobs

2020-11-26

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2020-11-26

Swiss speciality chemicals firm Clariant has announced further job cuts amid a series of divestments.

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The Dystopian “Fourth Industrial Revolution” Will Be Very Different from the First One

2020-11-26

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2020-11-26

Klaus Schwab of the World Economic Forum has big plans for a "sustainable" future. Most of it involves the destruction of markets and basic human rights.

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What Chile’s Vote to Change Its Constitution Means for Its Future

2020-11-26

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2020-11-26

On October 25, 2020, 78 percent of Chilean voters went to the ballot box to approve rewriting the country’s constitution, largely viewed as Latin America’s most stable constitution.

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FX Daily, November 25: Risk Appetites Stall Ahead of the US Thanksgiving Holiday

2020-11-25

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2020-11-25

The global equity rally appears to be stalling after the US markets rallied strongly yesterday. Chinese, Taiwan, Korean, and Indian indices fell, and the MSCI Asia Pacific Index appears to have posted only its second loss this month. European shares are narrowly mixed, leaving the Dow Jones Stoxx 600 little changed.

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Dollar Weakness Resumes as Short-Covering Fades

2020-11-25

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2020-11-25

Cross-Market Implied Vol, 2020
Sentiment is being buoyed by two incrementally positive stories; cross-markets implied volatility measures continue to trend lower; dollar weakness has resumed. President-elect Biden will reportedly officially name his first cabinet picks today; Fed manufacturing surveys for November will continue to roll out; Brazil and Mexico both reports mid-November inflation readings.

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What the Covid Vaccine Hype Fails to Mention

2020-11-25

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2020-11-25

Pfizer recently announced that its covid vaccine was more than 90 percent “effective” at preventing covid-19. Shortly after this announcement, Moderna announced that its covid vaccine was 94.5 percent “effective” at preventing covid-19. Unlike the flu vaccine, which is one shot, both covid vaccines require two shots given three to four weeks apart. Hidden toward the end of both announcements, were the definitions of “effective.”

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Dollar Weakness Resumes as Markets Start Another Week in Risk-On Mode

2020-11-25

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2020-11-25

Europe and UK PMIs, 2018-2020
Covid vaccine results from AstraZeneca and Oxford University brought another wave of optimism; dollar weakness has resumed; that said, we will refrain from making any longer-term calls for the demise of the dollar. Reports suggest President-elect Biden is pushing House Democrats to reduce the size of their fiscal package demands to unlock negotiations; Republicans have an interest in compromising.

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The Evil of American Exceptionalism

2020-11-25

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2020-11-25

Audio Mises Wire
According to Anne Applebaum, those who deny American “exceptionalism,” that is to say, global crusading for “democracy,” are dangerous extremists.

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Biden Transition and Vaccine Hopes Weigh on Gold for Now

2020-11-25

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2020-11-25

GoldCore Gold Chart
Today we are taking our monthly look at the charts for gold and silver. We have now received news of 3 Covid19 vaccines that are seeking approval following successful trials and markets have sat up and listened.

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The United Nations and the Origins of “The Great Reset”

2020-11-25

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2020-11-25

Audio Mises Wire
The United Nations has been the key institution in setting the stage for a global "Great Reset" devoted to global management of human society and of markets.

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Our Frustrations Run Far Deeper Than Covid Lockdowns

2020-11-25

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2020-11-25

The reality is the roulette wheel is rigged and only chumps believe it's a fair game. It's easy to lay America's visible frustrations at the feet of Covid lockdowns or political polarization, but this conveniently ignores the real driver: systemic unfairness.

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FX Daily, November 24: Diverging PMIs Fail to Give the Dollar Lasting Support

2020-11-24

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2020-11-24

Overview: The contrast between the eurozone and US preliminary PMI readings caught the short-term market leaning the wrong way, and the dollar snapped back after extending its recent losses.  However, today the US dollar is back on its heels and returning to yesterday's lows against most major currencies.

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