Tag Archives: Featured

Those who know Wall Street lore sometimes recall that Fed chairman William Miller—Paul Volcker’s immediate predecessor—joked that most Americans believed the Federal Reserve was either an Indian reservation, a wildlife preserve, or a brand of whiskey. The Fed, of course, is none of those things, but there’s also one other thing the Federal Reserve is not: an actual bank. It is simply a government agency that does bank-like things. It’s easy to see why many people...

Overview: With the market nearly ruling out a 50 bp hike by the Federal Reserve on February 1, the interest rate adjustment appears to have largely run its course. This may be helping to ease the selling pressure on the greenback. The general tone today is one of consolidation. There is a modest risk-off bias today. Although Japanese stocks advanced, China, Hong Kong, and South Korean equities slipped lower. Europe’s Stoxx 600 is snapping a four-day advance, and US...

Food and energy are among the industries dominated by a small number of players that have effective oligopolies, and the lack of competition allows them to keep prices high, Oxfam says Keystone / Alessandro Della Bella Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said on Monday as the annual meeting of the World Economic Forum (WEF) gets underway in the Swiss mountain...

Australia’s superb performance on measures of international development has earned her the admiration of many. Few countries can boast such stellar achievements in economic and social affairs. Currently, Australia has the highest median wealth per adult in the world and outperforms the Organisation for Economic Co-operation and Development (OECD) average in civic engagement, health, education, and other dimensions of well-being. Australians are equally lauded for...

(St. Paul, Minnesota, USA – January 16th, 2023) – Legislators in the Twin Cities seek to fully exempt gold and silver from Minnesota’s state sales tax. House Rep. B. Olson and Sen. Draheim have introduced HF 106 and SF 373, respectively. These two measures would include coins to Minnesota’s current sales tax exemption, which only exempts bars and rounds. Under current law, Minnesota citizens are discouraged from insuring their savings in precious metals coins against...

In the ultimate example of “the personal is political,” families form, break up, or expand due to US presidential elections according to a recent article in the American Economic Review. Apparently, the alternative responses of doom or elation that occasions electoral politics is so extreme that the losers couldn’t bear to bring a child into such a world, while the winners . . . well, you know. In setting the stage for this phenomenon, the authors noted that when...

Monday Ranges: Euro: $1.0802-$1.0874JPY/$: JPY127.23-JPY128.87GBP: $1.2172-$1.2289CAD/$: CAD1.3353-CAD1.3418AUD: $0.6941-$0.7019MXN/$: MXN18.7313-MXN18.8566Rumors of an emergency BOJ meeting sent the dollar to its lows in Tokyo, slightly below the pre-weekend low (~JPY127.46). The on-the-run (most current) 10-year yield settled above the 0.50% cap and the generic 10-year bond has not traded below the 0.50% level since January 5. The market is pressing hard,...

[embedded content] 1.) Bitcoin steps out of ‚Fear‘ for the first time in nine months The Bitcoin Fear and Greed Index reached an index score of 52 over the weekend, marking the first time its hit neutral territory in three quarters.https://cointelegraph.com/news/bitcoi… 2.) Bitcoin Disciples: Only 43.5 Million Own The Crypto Globally, Study Shows https://newsbtc.com/all/bitcoin-only-… 3.) Indian Central Bank Chief Insists Crypto Should Be Banned — Warns ‚It Will...

  Dies ist der dritte Teil der Artikelreihe zu Ludwig von Mises‘ Buch „Die Gemeinwirtschaft. Untersuchungen über den Sozialismus“. In dieser und den nachfolgenden Artikeln folgen wir der zweiten umgearbeiteten Auflage von 1932. Über das Problem der Wirtschaftsrechnung Das Streben nach individueller Befriedigung treibt die Menschen zur Gesellschaftlichkeit. Geldrechnung Der Mensch will Lust erlangen und Unlust vertreiben. Darin besteht das vernunftgemäß zu...

Kelleher spent 30 years at US bank Morgan Stanley before joining the UBS board in April 2022. Keystone/gaetan Bally UBS chairman Colm Kelleher says Switzerland’s largest bank needs to expand its wealth management business in the US to compete with the big Wall Street banks. “Wealthy Americans like to be with a bank like UBS,” Kelleher told the Neue Zürcher Zeitung in an interview. “UBS has a phenomenal reputation in wealth management.” Kelleher was elected UBS...