SNB & CHF

Is the regulatory choice a tradeoff between safety or “breaking a few eggs” via free markets? The logic of allowing for free and unhampered markets is compelling. Original Article: Are Free Markets More Dangerous than Regulated Markets? [embedded content] Tags: Featured,newsletter

Under Obama and Biden, the banking sector has been weaponized against industries American leftists don't like.  The Obama administration acted as if its regulatory targets did not deserve due process, and the program ravaged far and wide. Original Article: Biden and Forgotten Federal Financial Tyranny [embedded content]...

Scott R. Sehon tries to be intellectually honest in his critique of capitalism and his endorsement of socialism, but David Gordon writes that Sehon needs to better know the arguments favoring capitalism. Original Article: If One Wishes to Discredit Capitalism, One Should at Least Understand How It Works [embedded content]...

Pharmaceutical giant Novartis invested billions in Slovenia, helping turn it into a global player in generic drug production. 🇸🇮 With competitive pressure from Asia rising, Swiss drug companies now look to this small Balkan nation for a crucial role in transitioning to more complex and expensive medicines. 🌐💊 We went to Slovenia to visit several facilities in and around Ljubljana to understand their role in the global pharmaceutical supply chain. Tap here to find out more 👉...

According to a new report from the federal government's Bureau of Labor Statistics last Friday, the US economy added 353,000 jobs for the month of January while the unemployment rate held at 3.7%. CNN news was sure to tell us that this was a "shockingly good jobs report" and it "shows America's economy is booming."  At this point, many of us who follow these numbers have become accustomed to the routine: the BLS reports "blowout" jobs numbers each month, and the...

In this week's episode, Mark takes a quick look back at Fed wisdom in the year 2000, and then surveys today's stock market—and, in particular, the Magnificent Seven stocks, which represent very narrow leadership of the overall stock market. Be sure to follow Minor Issues at Mises.org/MinorIssues. Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at Mises.org/IssuesFree. [embedded content]...

The markets are still correcting from the overshoot on rates and the dollar that took place in late 2023. The first Fed rate cut has been pushed out of March and odds of a May move have been pared to the lowest since last November. The extent of this year's cuts has been chopped to about 4.5 quarter-point move (~112 bp) from more than six a month ago. The market has reduced the extent of ECB cuts to about 114 bp (from 160 bp at the end of January and 190 in late...

The wordsmiths at the Federal Reserve wisely omitted the line about a “sound and resilient” banking system in its statement on January 31. That same day shares of New York Community Bank plunged when the bank announced a loss of thirty-six cents per share when analysts expected earnings of twenty-seven cents a share for the fourth quarter. Internal or external auditors occasionally comb through individual loans in a bank’s portfolio and make judgments as to whether...

A Michigan jury this past week convicted Jennifer Crumbley of “involuntary manslaughter” after her then-fifteen-year-old son Ethan shot and killed four of his classmates at Oxford High School in 2021, using a gun that his parents had given to him as a present. Ethan had suffered from depression and other mental health issues before his deadly actions, and hindsight obviously tells us that he should not have been given a gun in the first place, but the issues this...

No one was surprised last November when the Pentagon failed its sixth audit, serving up a sorry record of zero and six. The accomplishment received little mainstream media coverage. Scott Ritter excoriated his former employer (and mine) over the fraud, pointing out that the money wasted and the scope of the United States military activity is so massive, it is nearly incomprehensible to most Americans. Ritter points out that audits are done by accountants, and while...