Tag Archive: newsletter

Hard talk with Václav Klaus: “The people should say NO to all of it.”

2020-05-05

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2020-05-05

As we get deeper into this crisis and we get used to our “new normal”, it’s easy to focus on the daily corona-horror stories in the media or the latest shocking unemployment numbers, and lose track of the bigger picture and of what is really, fundamentally important. Even as the lockdown measures begin to get phased out, the scale of the economic damage is unimaginable and the idea of returning to “business as usual” is no longer tenable.

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Beim Reselling auf Waren sitzen bleiben ??

2020-05-05

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2020-05-05

Ich möchte euch heute erklären, was ich mache, wenn ich Waren nicht verkaufen kann und diese im Lager hängen bleiben. Wie du da vorgehen kannst, um dieses Risiko vermeidest, zeige ich euch in diesem Beitrag. Reselling Risiko – Auf Waren sitzen bleibenWenn Waren sitzen bleiben, steckt Kapital fest, das eigentlich Gewinne machen könnte. Das ist ja das große Problem im Reselling.

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FX Daily, May 4: Monday Blues

2020-05-04

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2020-05-04

Overview:  The constructive mood among investors in April has given way to new concerns as May gets underway.  Japan and China are still on holiday, but most of the other markets in Asia fell, led by 4.5%-5.5% declines in Hong Kong and India, and more than 2% in most other local markets.  Australia bucked the trend a gained 1.4% after shedding 5% before the weekend. 

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United States regulator approves Roche’s Covid-19 antibody test

2020-05-04

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2020-05-04

The US Food and Drug Administration (FDA) has given emergency approval for use of the serological test developed by Swiss pharmaceutical giant Roche, the company announced on Sunday. The test is designed to determine whether a person has been exposed to the new coronavirus and developed antibodies against the disease.

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Why Assets Will Crash

2020-05-04

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2020-05-04

US Population
This is how it happens that boats that were once worth tens of thousands of dollars are set adrift by owners who can no longer afford to pay slip fees. The increasing concentration of the ownership of wealth/assets in the top 10% has an under-appreciated consequence: when only the top 10% can afford to buy assets, that unleashes an almost karmic payback for the narrowing of ownership, a.k.a. soaring wealth and income inequality: assets crash.

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Decades of Productivity Gains Have Made Our Debt Bomb Manageable (For Now)

2020-05-04

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2020-05-04

Listen to the Audio Mises Wire version of this article. Listening to the news, you might have the impression that its Christmas and the government is Santa Claus. Under legislation recently introduced in Congress, Americans over the age of sixteen would receive $2,000 per month for at least six months. This follows the government’s $1200 giveaway in progress.

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Finance minister Ueli Maurer eyes central bank surplus to reduce expected debts

2020-05-03

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2020-05-03

Swiss Finance Minister Ueli Maurer wants the country’s central bank to contribute to the reduction of the debt caused by the coronavirus pandemic. “I suggest the Swiss National Bank spends the money from an annual surplus to reduce coronavirus-related debts,” he told the Neue Zürcher Zeitung newspaper on Wednesday.

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Coronavirus: relatively few medical staff infected in Switzerland

2020-05-03

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2020-05-03

In Switzerland, around 3% of medical staff have been infected with Covid-19, based on data covering the period up until Easter, according to Switzerland’s Federal Office of Public Health.

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Dollar Remains Under Pressure as Europe Unveils Some Plans to Reopen

2020-05-03

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2020-05-03

Global equity markets continue to trend higher; the dollar remains under pressure. The two-day FOMC meeting ends today; the first look at Q1 US GDP comes out. France and Spain laid out plans to reopen; the UK will rely on a contact tracing plan to limit the viral spread.

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Trump Threatens China Seeking $160 Billion In “COVID-19 Reparations”after China Gold Exchange Calls For New Super Sovereign Currency

2020-05-03

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2020-05-03

Gold in USD – 3 Days
Gold in USD – 3 Days

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Swiss airlines to get almost CHF2 billion corona aid boost

2020-05-02

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2020-05-02

The Swiss aviation sector, including the airlines SWISS and Edelweiss, is set to receive financial aid of almost CHF1.9 billion to help it through the liquidity crisis caused by Covid-19. Some CHF1.275 billion ($1.31 billion) is directly for the two airlines, while up to CHF600 million will be for other companies vital to the functioning of the sector, the government announced on Wednesday.

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Swiss oil traders and banks burned by Venezuela ties

2020-05-02

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2020-05-02

Several Swiss companies and banks have found themselves in the line of fire as the United States ramps up pressure on the Venezuelan government. Washington has sanctioned numerous top officials for money laundering and drug trafficking in the oil-rich but economically flailing Latin American nation.

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Some Thoughts on Recent Foreign Exchange Intervention

2020-05-02

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2020-05-02

Dollar's YTD Performance, 2020
Dollar softness this week will take some pressure off of the foreign currencies but it’s too early to sound the all clear.  This piece focuses on how  central banks around the world may be intervening to influence their currencies.  Most of the world, particularly EM, is grappling with supporting weak currencies but a select few are dealing with stronger currencies. This is a very opaque process and so we are simply making our best guesses.

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Why the Current Unemployment Is Worse Than the Great Depression

2020-05-02

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2020-05-02

Government restrictions on production are driving prices up as unemployment drives them down. It's impossible to say now whether price inflation or price deflation will be the predominant factor in the crisis's next phase.

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Government Regulation against “Monopolies” Only Lowers Our Standard of Living

2020-05-02

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2020-05-02

According to a popular way of thinking, monopolies undermine the efficient functioning of the market economy by being able to influence the prices and the quantity of products. Consequently, this undermines the well-being of individuals in the economy. By this way of thinking, the inefficiency emerges because of the deviation from the ideal state of the market as depicted by the “perfect competition” framework.

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What’s Next, Trillion-Dollar Coins?

2020-05-01

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2020-05-01

The massive set of stimulus measures rolled out last month by the Treasury Department and Federal Reserve has left many Americans wanting more… and politicians scheming for new ways to dole out additional trillions in cash. Most taxpayers have already received their $1,200 “stimulus” payments. However, that one-time payment will do little to repair the long-term financial health of the 26 million (and rising) who are newly unemployed.

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‘Corona-compliant’ Alpine cow processions to go ahead

2020-05-01

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2020-05-01

The traditional driving of cows up to mountain pastures for the summer will still take place this year in Appenzell, northeastern Switzerland, despite the coronavirus pandemic. However, the processions will not be publicised so as not to attract tourists and spectators.

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Coronavirus: Swiss schools and other establishments set to reopen

2020-05-01

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2020-05-01

On 29 April 2020, Switzerland’s government announced plans to allow schools and other establishments to reopen on Monday 11 May 2020. From 11 May 2020, shops, restaurants, markets, museums, libraries, primary and lower secondary schools and sports training centres will be allowed to reopen. In addition, public transport will operate according to the standard timetable, announced the government.

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GDP + GFC = Fragile

2020-05-01

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2020-05-01

March 15 was when it all began to come down. Not the stock market; that had been in freefall already, beset by the rolling destruction of fire sale liquidations emanating out of the repo market (collateral side first). No matter what the Federal Reserve did or announced, there was no stopping the runaway devastation.

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THE BITCOIN HALVING REVISITED – With Ann Rhefn

2020-05-01

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2020-05-01

What is the Bitcoin Halving and What Might it Mean for the Price Watch “THE BITCOIN HALVING REVISITED – With Ann Rhefn”

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