Tag Archive: newsletter

“ECB Is Worst-Run Central Bank In The World” – Felix Zulauf Sees 30percent Plunge In US Stocks “Taking The World With It”

2020-02-16

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2020-02-16

Felix Zulauf was a member of the Barron’s Roundtable for about 30 years, until relinquishing his seat at our annual investment gathering in 2017. While his predictions were more right than wrong, it was the breadth of his knowledge and the depth of his analysis of global markets that won him devoted fans among his Roundtable peers, the crew at Barron’s, and beyond.

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Government “Fixes” for the Trade Balance Are Far Worse Than Any Trade Deficit

2020-02-16

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2020-02-16

US Trade Balance, 2000-2019
In December 2019, the US trade account balance stood at a deficit of $48.9 billion, against a deficit of $43.7 billion in November and $60.8 billion in December 2018. Most commentators consider the trade account balance the single most important piece of information about the health of the economy. According to the widely accepted view, a surplus on the trade account is considered a positive development while a deficit is perceived negatively....

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Rothbard: The Constitution Was a Coup d’État

2020-02-16

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2020-02-16

[Conceived in Liberty: The New Republic, 1784–1791. By Murray N. Rothbard. Edited by Patrick Newman. Mises Institute, 2019. 332 pages.] We owe Patrick Newman a great debt for his enterprise and editorial skill in bringing to publication the fifth volume, hitherto thought lost, of Murray Rothbard’s Conceived in Liberty.

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Devisen: Euro stabilisiert sich nach neuem Tief seit fast drei Jahren

2020-02-15

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2020-02-15

Derweil hält die Schwäche des Euro zum Franken weiter an. Aktuell notiert der Euro zwar mit 1,0634 wieder etwas höher als am frühen Morgen, als die Einheitswährung bei 1,0609 das Tagestief erreicht hatte. Unterhalb von 1,06 Franken hat die Gemeinschaftswährung letztmals im Sommer 2015 notiert. Der Dollar kostet aktuell etwas mehr mit 0,9807 Franken.

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Clariant to cut up to 600 jobs as profit falls

2020-02-15

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2020-02-15

The Swiss specialty chemicals firm Clariant says it will cut up to 600 jobs to save money after a drop in profit in 2019. The firm expects the slow economic situation this year to continue to affect demand. “For 2020, given the current sluggish economic environment and continued adverse foreign exchange conditions, growth will be more limited and additional efficiency measures have been defined for each of the businesses to support the margin...

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A Pharmaceutical Stock That Is Often Particularly Strong At This Time Of The Year

2020-02-15

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2020-02-15

Novo Nordisk, seasonal pattern over the past 10 years
An Example of Strong Single Stock Seasonality. Many individual stocks exhibits phases of seasonal strength. Being invested in these phases is therefore an especially promising strategy. Danish drug company Novo Nordisk.

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EUR/CHF: SNB does not find love in prices – Rabobank

2020-02-15

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2020-02-15

The Swiss National Bank (SNB) has the mandate to maintain CPI inflation near 2% on a yearly basis but is currently running at just 0.2%. CHF’s strength is not welcomed by SNB, economists at Rabobank reports. 

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Gerechtigkeit & Kapitalismus – Diskussionsrunde mit Ernst-Ulrich Huster und Rainer Zitelmann

2020-02-14

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Folgen Sie mir auf Twitter - https://mobile.twitter.com/rzitelmann Folgen Sie mir auf Facebook - https://www.facebook.com/r.zitelmann/ Lesen Sie meine Beiträge auf Forbes.com - https://www.forbes.com/sites/rainerzitelmann/ Meine Homepage - http://www.rainer-zitelmann.de/ Die Webseite zum Buch - http://kapitalismus-ist-nicht-das-problem.de

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FX Daily, February 14: Investors Continue to Look Past the Coronavirus

2020-02-14

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2020-02-14

Overview: The capital markets are heading into the weekend, still trying to look past the coronavirus despite the new cases in Hubei. Tokyo was a notable exception in the Asia Pacific region, as the other major equity markets, like in Hong Kong, China, Taiwan, South Korea, and Australia, advanced. The MSCI Asia Pacific Index rose for the second week.

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Swiss Producer and Import Price Index in January 2020: -1.0 percent YoY, unchanged MoM

2020-02-14

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2020-02-14

Switzerland Producer Price Index (PPI) YoY, January 2020
The Producer and Import Price Index remained unchanged in January 2020 compared with the previous month. The index stood at 100.7 points (December 2015 = 100). Petroleum products in particular saw higher prices, while pharmaceutical preparations became cheaper. Compared with January 2019, the price level of the whole range of domestic and imported products fell by 1.0%.

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Swiss Labour Force Survey in 4rd quarter 2019: 0.9percent increase in number of employed persons; unemployment rate based on ILO definition falls to 3.9percent

2020-02-14

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2020-02-14

Unemployed According to ILO, Q1 2014-Q4 2019
13.02.2020 - The number of employed persons in Switzerland rose by 0.9% between the 4th quarter 2018 and the 4th quarter 2019. During the same period, the unemployment rate as defined by the International Labour Organisation (ILO) declined from 4.6% to 3.9%. The EU's unemployment rate based also decreased from 6.6% to 6.2%.

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USD/CHF Price Analysis: Greenback grinding up vs. Swiss franc, clings to 2020 highs

2020-02-14

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2020-02-14

USD/CHF daily chart
USD/CHF is slowly advancing printing fresh 2020 highs by a few pips. The rising wedge formations can limit the upside on USD/CHF. USD/CHF is printing new 2020 highs while the quote is trading below the 100/200-day simple moving averages suggesting an overall bearish momentum.

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Création d’une page dédiée à la Monnaie

2020-02-14

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2020-02-14

Cet post a pour but de vous informer de la création d’une page dédiée à la Monnaie. Vous la trouverez à cette adresse: https://lilianeheldkhawam.com/monnaie-dossier/ Monnaie et globalisation marchent main dans la main. Elles sont intimement liées à l’avènement du Nouveau Monde.

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Thiam ‘proud’ of his record as he departs Credit Suisse

2020-02-14

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2020-02-14

Outgoing Credit Suisse chief executive Tidjane Thiam said he was proud of what he has achieved at the bank as it delivered strong 2019 results and a promising start to this year. Thiam handed in his resignation last week after losing the confidence of the board following a spying scandal that had seriously damaged the bank’s reputation. Thursday was Thiam’s last day in office.

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You Shouldn’t Miss The Cupom

2020-02-14

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2020-02-14

Dollar Correlations, 2017-2020
I actually wanted to focus on this yesterday but confirmation wasn’t forthcoming until today. So, it ended up being a broader note on the dollar which only included some mention of Brazil in passing. Still a worthwhile couple of minutes.

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Gold Coins Worth £80,000 Found In Retiree’s Drawers In Cottage: “It Was Mind-Blowing. I Felt Like a Pirate in a Grotto”

2020-02-14

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2020-02-14

Gold coins including gold sovereigns found in drawers of deceased retiree’s cottage sell at auction for £80,000. ◆ British gold coins including gold sovereigns from the Royal Mint found in drawers and cupboards of cottage fetch £80,000; one British gold sovereign found in a sugar bowl. ◆ Auctioneer John Rolfe expected little before he entered damp, rat-infested property near Stroud.

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Former Swiss defence minister denies knowledge of Crypto-CIA links

2020-02-14

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2020-02-14

Was former Swiss cabinet minister Kaspar Villiger aware that the Swiss firm Crypto AG was controlled by the CIA? Swiss media say newly released CIA documents support this claim, but the ex-defence minister vehemently denies it. The CIA records are “not correct”, the former defence minister (1989-1995) told Swiss public television, SRF, in a statement published on Wednesday.

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FX Daily, February 13: Surprise? China Undercounts Afflictions and Fatalities, Curbs Risk Taking

2020-02-13

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2020-02-13

Overview: There is one overriding driver today, and that is the incorporation of CAT scan diagnoses of the virus in Hubei, ground-zero. This follows the arrival of WHO officials into China a couple days ago. Not only have the cases jumped, but so did the number of deaths. It plays on fears that China's figures are not reliable. But it is not just China.

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Virus Concerns Resurface

2020-02-13

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2020-02-13

Coronavirus
Markets are reacting badly to upward revisions to coronavirus cases in China. The euro fell to the weakest level since mid-2017 against the dollar. UK housing data adds to relatively upbeat figures since the December elections. Malaysia’s government is joining in the counter-cyclical fiscal effort.

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Investigation opened into Swiss encryption firm linked to CIA

2020-02-13

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2020-02-13

The Swiss government has opened an investigation into a decades-old spying affair involving Swiss firm Crypto, following reports by Swiss public broadcaster SRF, German broadcaster ZDF and The Washington Post. The government confirmed on Tuesday that it had opened an investigation into the reports that Crypto, a Zug-based communications encryption firm, was secretly used by the CIA and West German intelligence services for decades.

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