Tag Archives: Featured

Overview: The US dollar is consolidating with a slight downside bias ahead of the June CPI report. The euro held above $1.00 but is still pinned in the trough. The rate hike by the Reserve Bank of New Zealand failed to have much impact. On the other hand, the JP Morgan Emerging Market Currency Index is lower for the fourth consecutive session. Most of the large markets in the Asia Pacific region rose, led by a 2.7% rally in Taiwan after the government promised to...

If running a fintech start-up isn’t hard enough, then try pivoting to healthtech in mid-stride. The transition from digital payments to Covid diagnostics has proven a bumpy ride for Achiko, resulting in its shares being suspended from trading on the Swiss stock exchange. SIX Group, which runs the stock exchange, was forced to act on June 28 when auditor Grant Thornton raised doubtsExternal link about whether the indebted Zurich-based company could be assumed a going...

Berset, who is known for his elegant dressing style, has had a pilot licence for private aircraft for more than ten years. © Ti-press The Swiss interior minister, Alain Berset, on a private flight in neighbouring France has been forced to land by the French air force. A ministry spokesman said Berset misinterpreted information from the French air traffic control tower prompting an intervention by the French air force last week. Berset was able to continue his flight...

Is it beyond conception that the core actually strengthens for a length of time before the unraveling reaches it? Let’s start by stipulating the obvious: no one knows the future, and most of the guesses–oops, I mean forecasts–will be wrong. Arguing about the forecasts now won’t make any difference as to which ones are correct and which ones are wrong. Time alone will tell. That said, here’s a scenario that fits the dynamics I see as most consequential: Core-Periphery...

In his book Anarchy, State, and Utopia, Robert Nozick has a chapter named “The Tale of the Slave” in which he explains the nine phases from the most restrictive to more liberating states of slavery. He writes that even though enslaved people have certain forms of self-rule, they are still enslaved. He asks: “Which transition from case 1 to case 9 made it no longer the tale of a slave?” Nozick’s question highlights that there is no difference between people under...

Inflation! Trading Places! Marc Faber! Chart Watch! That’s right, it’s episode two of The M3 Report. It is finally here, what a great way to set you up for the week ahead. Subscribe here if you’re not already receiving alerts. Our maiden episode was a huge success, and we have really enjoyed hearing everyone’s feedback. We are delighted to see how many new people are discovering the show each day. We really enjoyed making it and that’s why we’ve cracked on and...

When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point. Original Article: “War Spending Gives MMTers and the Left a Strong Talking Point” Time and time again, prowar spending concedes one of the Left’s most convincing points. As Assal Rad tweeted recently, we will have sent $54,000,000,000 to Ukraine in less than 4 months. “How will we pay for it” never seems to apply to...

Overview: Equities remain under pressure as investors contemplate tighter financial conditions and the risks of recession. Most of the large equity markets in the Asia Pacific region sold-off, led by a 2.7% drop in Taiwan. Australia managed to buck the trend and managed a small gain. Europe’s Stoxx 600 is off by about 0.2% near midday after a 0.5% loss yesterday. US futures are lower and are threatening a gap lower opening for the S&P 500 and NASDAQ. Bonds are...

Der Marktcrash hat alle Cryptocoins hart getroffen. Doch Ethereum kristallisiert sich als einer der größten Verlierer der aktuellen Marktlage heraus. Bei den täglichen Deposits zeigt das Netzwerk nun ein neues Allzeittief bei den Staking Pools. Ethereum News: ETH 2.0 Deposits auf neuem AllzeittiefÜber einen Staking Contract im ETH 2.0 Netzwerk müssen mindestens 32 ETH eingezahlt werden, um über das Staking „Zinsen“ zu erhalten. Glassnode konnte in den vergangenen...

The price of bitcoin has been in freefall in recent weeks, but that doesn’t seem to bother the most conservative of financial institutions – the banking arm of the Swiss post office. PostFinance is stepping up its drive to grant customers access to cryptocurrencies within the next couple of years. Postfinance already offers clients cryptocurrency exposure through its digital app YuhExternal link. This service draws heavily on a collaboration with Swissquote, which...