No Swiss bank in phase with environmental objectives Keystone-SDA Listen to the article Listening the article Toggle language selector...
Read More »How a Swiss farming simulator became a global gaming phenomenon
In the new Farming Simulator, you can play on an East Asian map called "Hutan Pantai" in addition to a European and a North American map. There you can try your hand at wet rice cultivation. GIANTS SOFTWARE Listen to the article...
Read More »Gold Miners Enter The Bears Den
Many investors consider a decline of 20% or more to be a bear market. We can debate the merit of the random 20% figure, but according to that definition, gold miners, down 25% from its peak on October 22, are in a bear market. We have noted numerous times in the last month or so that gold and gold miners were getting very overbought based on their technicals. Furthermore, our recent article - Why Is Gold Surging? - highlights how the price of gold is diverging from...
Read More »Yardeni And The Long History Of Prediction Problems
Following President Trump's re-election, the S&P 500 has seen an impressive surge, climbing past 6,000 and sparking significant optimism in the financial markets. Unsurprisingly, the rush by perma-bulls to make long-term predictions is remarkable. For example, Economist Ed Yardeni believes this upward momentum will continue and has revised his long-term forecast, projecting that the S&P 500 will reach 10,000 by 2029. His forecast reflects a mix of factors...
Read More »Nestlé aims to boost brand in search of growth
Nestlé presents growth plan Keystone-SDA Listen to the article Listening the article Toggle language selector...
Read More »The Relevance of the Natural Sciences Methods in Economics
Popular understandings of economics often attempt to incorporate the methodology of natural sciences as the supposed key to economics. Some economic experts are of the view that the methods employed by the natural sciences, such as advanced mathematics, are important tools for the assessments of historical data to establish the state of an economy. It is also believed that the knowledge secured from the assessment of the empirical data is likely to be tentative since...
Read More »Is America Turning Fascist?
On October 25, ABC News published the results of a survey of 2,392 registered voters where 44 percent of the respondents said that Donald Trump is a fascist, while 23 percent said that Kamala Harris is a fascist. There was even a 5 percent overlap between the two groups—respondents who characterized both Trump and Harris as fascists. Only 32 percent of the respondents thought that neither candidate is a fascist. Is America really in danger of turning fascist?The...
Read More »Yes, Senator Cruz, Elon Musk should read Mises’s Bureaucracy
On his podcast “Verdict” November 13, Ted Cruz mentioned one of my favorite books by Ludwig von Mises: Bureaucracy. He mentioned it in reference to the “Department of Government Efficiency” that was also announced by President-elect Donald Trump on the same day. Cruz brings up a crucial point to the conversation surrounding this plan, pointing at Mises for getting it right. The idea lingers that this Department will make government efficient; that is why you need two...
Read More »Fragile and Consolidative Tone Starts the Week in FX
Overview: The US dollar has begun the new week consolidating in a mixed fashion against the G10 currencies. Bank of Japan Governor Ueda remains circumspect and did not provide guidance about next month's central bank meeting. Without positive guidance, the market sold the yen, but the swaps market shows about 13 bp of tightening has been discounted, up a couple of basis points from a week ago. Leave aside the New Zealand dollar, which is also under pressure ahead of...
Read More »Destroying Creative Destruction: The DMA against Innovation
In the ever-evolving landscape of economic theory and policy, few concepts have been as influential and controversial as Joseph Schumpeter’s “creative destruction.” This powerful idea, which describes the process by which innovation continuously reshapes markets, challenges conventional wisdom about competition, monopolies, and the role of government intervention. As we grapple with the complexities of the digital age, the tension between creative destruction and...
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