Free Market: The History of an Idea by Jacob Soll Basic Books, 2022; viii + 326 pp. Jacob Soll is a distinguished historian, and Free Market contains much of value, but the book cannot be considered a success, and indeed as it reaches the twentieth century, it becomes a disaster. Even in the parts of the book worth reading, Soll is in the iron grip of a central thesis, one that his historical approach by its nature makes impossible to prove. In some books, discerning...
Read More »Market Currents – Is The Economy Contracting?
Is the economy contracting? Alhambra’s Steve Brennan poses that question to CEO Joe Calhoun. [embedded content] [embedded content] Tags: Alhambra Research,Bonds,commodities,currencies,economy,Featured,Federal Reserve/Monetary Policy,Markets,newsletter,Real Estate,stocks
Read More »Energy worries likely to slow Swiss growth, say experts
Russia’s invasion of Ukraine and the subsequent worries about energy sources make the economic outlook uncertain. (c) Copyright 2022, Dpa (www.dpa.de). Alle Rechte Vorbehalten Swiss economic growth forecasts for 2022 and 2023 have been revised significantly downwards, amid uncertainty over energy supply and inflation. A government expert group has downgraded its expectations for GDP growth to 2% in 2022, compared with the 2.6% it predicted in June. For 2023, its...
Read More »Zahl der Cryptocoin-SCAMS auf YouTube explodiert
Obwohl YouTube angekündigt hatte, Inhalte mit Cryptocoins intensiver unter die Lupe zu nehmen, ist die Anzahl der SCAMs im Zusammenhang mit Bitcoin und Co. auf der Plattform in diesem Jahr deutlich gestiegen. Crypto News: Zahl der Cryptocoin-SCAMS auf YouTube explodiertEine IT-Sicherheitsfirma aus Singapur berichtet in einem Report von einem Anstieg von 335 Prozent in der ersten Jahreshälfte im Vergleich zum Vorjahr. Allein 2.000 Domains wurden in Beschreibungen und...
Read More »Riksbank Hikes 100 bp but the Krona gets No Love
Overview: Yesterday’s late rally in US shares carried into the Asia Pacific session where all of the large markets advanced. However, the bears are not abdicating and Europe’s Stoxx 600 is off for the sixth consecutive session and US futures are trading lower. The sell-off in the bond market continues. European benchmark yields are mostly 8-10 bp higher and the US 10-year Treasury yield is up nearly five basis points to approach 3.54%. The two-year continues to...
Read More »Right-Wing Hypocrisy on DeSantis’s Clownish Thuggery
Right-wingers are making a big deal out of the decision by people in Martha’s Vineyard not to take into their homes the immigrants that Florida Gov. Ron DeSantis shipped to them a few days ago. The right-wingers are saying that feeding the immigrants and caring for them was not sufficient. The people of Martha’s Vineyard, they say, should have taken them into their homes rather than let them be taken and housed at a nearby military base. They’re saying that this...
Read More »+++Märkte+++ – Börsen-Ticker: Schweizer Aktienmarkt sinkt – 13 anstehende Zinsentscheide machen Anleger nervös – Bitcoin auf Drei-Monate-Tief
11:40 Der SMI notiert um 0,53 Prozent tiefer bei 10’554,85 Punkten. Laut Ansicht von BNP Paribas hat sich das Chartbild weiter eingetrübt. Bis zum Korrekturtief vom Juni bei 10’350 Punkten stelle sich nur noch das Zwischentief vom März 2021 bei 10’513 Punkten in den Weg. In der vergangenen Woche hatte der SMI mit rund 2,7 Prozent so viel verloren wie seit rund drei Monaten nicht. Die Marktteilnehmer verhielten sich vor den mit Spannung erwarteten Zinsentscheidungen...
Read More »Swiss housing market tightens further in 2022
Data published on 12 September 2022 show how the pool of available housing continues to shrink in Switzerland. Photo by ILOVESwitzerland on Pexels.comOn 1 June 2022, there were 61,496 empty dwellings in Switzerland, representing 1.31% of the total housing stock. The vacancy rate has fallen 0.23 percentage points compared to a year ago. There were 9,869 fewer empty dwellings compared to the previous year, representing a striking fall of 13.8%, wrote the Federal...
Read More »Socialism Is Not Groupthink, but Statethink: A Brief Comment on Jordan Peterson
According to Jordan Peterson, left-wing totalitarians are characterized by an ideology in which group identity is paramount. I will demonstrate that this is a misconception. Historically, socialists have fought against feudalism and capitalism in the name of emancipating the individual from any kind of group or class identity. The totalitarian tendencies of socialist thinking stem from its insistence on using the state as an instrument to destroy all group identities...
Read More »Portofino Technologies Raises US$50M to Scale Its HFT Crypto Infrastructure
Digital asset trading technology provider Portofino Technologies has raised over US$50 million in equity funding from Valar Ventures, Global Founders Capital and Coatue to scale its technology across the full crypto infrastructure value chain. The company, founded by former Citadel Securities executives Leonard Lancia and Alex Casimo, builds high-frequency trading (HFT) grade technology for institutions and Web3 projects that require digital asset liquidity....
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