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Tag Archives: Featured

Great Graphic: Another Look at the Reproduction Problem

In order for a society to be sustained social relations have to be reproduced. Yet now neither the middle class nor capital are able to reproduce themselves. This may be the single greatest challenge our society faces. David Leonhardt of the New York Times reminds us that the phrase “American Dream” was born during the Depression.  A popular book in 1931 that introduced the concept  defined it as “that dream of a land...

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Great Graphic: Another Look at the Reproduction Problem

In order for a society to be sustained social relations have to be reproduced. Yet now neither the middle class nor capital are able to reproduce themselves. This may be the single greatest challenge our society faces. David Leonhardt of the New York Times reminds us that the phrase “American Dream” was born during the Depression.  A popular book in 1931 that introduced the concept  defined it as “that dream of a land...

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Uncertainty prevails everywhere, says Draghi, but apparently investors don’t mind

According to European Central Bank President Mario Draghi “uncertainty prevails everywhere” but apparently investors don’t mind. Market participants shrugged off last weekends “no” to constitutional reform in Italy and the subsequent resignation of Prime Minister Matteo Renzi to push European indices to 12 month highs this week. The Swiss Market Index followed European markets higher. The German DAX and France’s CAC...

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Uncertainty prevails everywhere, says Draghi, but apparently investors don’t mind

According to European Central Bank President Mario Draghi “uncertainty prevails everywhere” but apparently investors don’t mind. Market participants shrugged off last weekends “no” to constitutional reform in Italy and the subsequent resignation of Prime Minister Matteo Renzi to push European indices to 12 month highs this week. The Swiss Market Index followed European markets higher. The German DAX and France’s CAC...

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Swiss EU immigration – unfortunately there is no plan B, says president in interview

Switzerland’s plan to solve an immigration dilemma with the European Union could avoid being held up by another referendum if it gets strong support in parliament next week, according to Swiss President Johann Schneider-Ammann.[embedded content] A clear result in a final vote on Dec. 16 with the Swiss People’s Party, or SVP, in the minority could make it “delicate” for the group to push for another plebiscite, he said...

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Swiss EU immigration – unfortunately there is no plan B, says president in interview

Switzerland’s plan to solve an immigration dilemma with the European Union could avoid being held up by another referendum if it gets strong support in parliament next week, according to Swiss President Johann Schneider-Ammann.[embedded content] A clear result in a final vote on Dec. 16 with the Swiss People’s Party, or SVP, in the minority could make it “delicate” for the group to push for another plebiscite, he said...

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How Trump Can Bring Outside-the-Box Thinking to Bear on the Fed

The Fed operates in secret, creates inflation, and bails out Wall Street. - Click to enlarge President-elect Donald Trump will soon have the opportunity to put his stamp on the Federal Reserve. And that is making the elite body of central bankers nervous. On the campaign trail, Trump harangued Fed chair Janet Yellen for pumping up financial markets with cheap money – accusing the Obama appointee of being politically...

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How Trump Can Bring Outside-the-Box Thinking to Bear on the Fed

The Fed operates in secret, creates inflation, and bails out Wall Street. - Click to enlarge President-elect Donald Trump will soon have the opportunity to put his stamp on the Federal Reserve. And that is making the elite body of central bankers nervous. On the campaign trail, Trump harangued Fed chair Janet Yellen for pumping up financial markets with cheap money – accusing the Obama appointee of being politically...

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FX Daily, December 08: Dollar Heavy into ECB

Swiss Franc The ECB prolonged its bond purchases, which came unexpected for markets. Consequently the EUR/CHF lost nearly half of its big gains that it registered in the beginning of the week. The ECB expects lower inflation for longer, which makes the life for the SNB harder for longer. EUR/CHF - Euro Swiss Franc, December 08(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge GBP/CHF rates...

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ECB: Dovish Taper or Hawkish Ease?

Summary: Purchases increased for longer but at a lower level; overall, more purchases than anticipated. Euro spiked higher on the announcement, but has subsequently dropped 2 cents. Lower inflation forecast for 2019 shows scope for a further extension. Mario Draghi - Click to enlarge The ECB announced it would extend its asset purchases from April through December next year, but at a modestly slower pace of 60...

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