SNB & CHF

The Mozambique scandal concerns loans to Mozambique arranged by Credit Suisse a decade ago, which were taken out without the knowledge of the local parliament and the International Monetary Fund. Keystone / Georgios Kefalas Listen to the article...

Grace Blakeley is a self-described socialist economist and author in the UK, appearing on shows like Politics Live, JOE Politics, and Novara Media. Grace throws down the proverbial gauntlet to self-described capitalists who often find themselves falling over their own logic. This should not be surprising since the “capitalists” that she often debates usually have a conservative worldview that is littered with its own inconsistencies, so socialists tend to have a...

Share this article Part II of II Business as usual” will simply not cut it anymore. The “print and spend” policies of the past, the QE lifelines, the liquidity injections, the zero and negative interest rates, the blatant debasement of the currency, the market manipulation and all the direct and indirect bailouts will not work as they did before.  And it’s not only because the central bankers have overused these “weapons” and have by now exhausted all their...

Overview:  The US 10-year yield is off around a dozen basis points off yesterday's high and European growth in Q3 was better than expected. This appears to have encouraged some dollar liquidation today. The greenback is softer against the G10 currencies, but the Canadian dollar and sterling. The much-awaited UK Autumn budget will be announced shortly. Sterling is consolidating around $1.30. Most emerging market currencies also are enjoying a firmer tone today. Asia...

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

Can famed investors Paul Tudor Jones and Stan Druckenmiller, who recently proclaimed they are short bonds, thus betting on higher yields, be wrong? Instead of mindlessly assuming such legendary investors are correct, let’s do some homework. First, though, let’s remind ourselves that Paul Tudor Jones and Stanley Druckenmiller are known for their aggressive trading styles. Therefore, we don’t know whether their bets are short term trades for a quick profit, or...

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

UBS beats market expectations with billion-euro quarterly profit Keystone-SDA Listen to the article Listening the article Toggle language selector...

“Jeremy Bentham however pointed out that the use even of a single name may imply a Petitio Principii [Question-Begging Epithet].”—W. Stanley JevonsJevons continues,Similarly in Parliament a bill is often opposed on the ground that it is unconstitutional and therefore ought to be rejected; but as no precise definition can be given of what is or is not constitutional, it means little more than that the measure is distasteful to the opponent.“Democracy” is also a word...