Tag Archives: Featured

Given that political power in America is a pay-to-play auction in which the highest bidder wins, how this incomprehensibly lopsided ownership of wealth plays out is an open question. Wealth inequality easily falls into an abstraction unless we contextualize it in meaningful ways. I’ve annotated two St. Louis Federal Reserve (FRED) charts–the net worth of America’s top 1% and the net worth of America’s bottom 50% of households, roughly 66 million households–to show...

By mid 2020, it was already becoming clear that the United States was experiencing a spike in crime. Indeed, by midyear, numerous media outlets were already reporting remarkably large increases in homicide in a number of cities. It was clear that if then-current trends continued, homicide rates in the United States would reach levels not seen in over a decade. With full-year data for 2020 now available from the FBI’s Crime in the USA report, we can see that those...

Singapore, 17 November – UBS is celebrating 50 successful years in Singapore with the official opening of its largest Asia Pacific office at 9 Penang Road. In the launch ceremony officiated by Axel A. Weber, Chairman of the Board of Directors UBS Group AG and Ralph Hamers, UBS Group CEO, the bank marked the occasion with clients, employees, and community activities in Singapore. Singapore’s Minister for Finance, Lawrence Wong, was the guest-of-honor for the event,...

Zum Franken blieb der Euro auch im Tagestief nur noch knapp oberhalb der Marke von 1,05. Aktuell wird die Gemeinschaftswährung mit 1,0511 Franken tiefer bewertet als noch am Morgen und am Vortag. “Die Devisenhändler bei der Schweizerischen Nationalbank dürften wieder etwas strammer vor ihren Bildschirmen sitzen”, heisst es in einem Kommentar der Commerzbank. Die SNB sehe die Marke von 1,05 als aktuelle “Schmerzgrenze”, welche mit Devisenmarktinterventionen...

Over the past year and a half, we have seen some of the largest divides in US state policy in recent history. Certain states such as California have implemented heavy lockdowns, mask mandates, curfews, and other restrictions for months on end, whereas states such as South Dakota never had an official lockdown to begin with. There is now also the heated policy issue of vaccine mandates, with certain locations such as New York City and Los Angeles requiring proof of...

“Crypto’s Crash,” says some financial news headlines. The reality is Bitcoin, Ethereum and others are down about 10-15% in the last few days. The word “crash” may seem appropriate to describe the sharp decline, except 10%+ moves in a matter of days is the norm, not the exception for crypto. Ignoring the crypto crash, the S&P 500 went higher. The index is up over 25% this year. Despite such an outsized gain, the table below from LPL Research argues we should be...

Six out of ten women lawyers in Switzerland work part-time. Keystone / Anthony Anex Women make up half of the highly skilled workforce in Switzerland, but work fewer hours, according to a study published on Tuesday. One in three would like to work more, under certain conditions. Women often opt for part-time work, and the liberal professions are no exception, says the studyExternal link carried out by the Sotomo Institute for the Swiss Union of Liberal Professions...

What is the worst thing a government can do when there is high inflation and supply shortages? Multiply spending on energy and material-intensive areas. This is exactly what the US infrastructure plan is doing and—even worse—what other developed nations have decided to copy. If you thought there were problems of supply and difficulties to access goods and services in the middle of a strong recovery, imagine what will happen once central banks and governments turn the...

Scottsdale, Ariz – November 16, 2021 – Monetary Metals is pleased to announce a new gold lease to Valaurum to expand production of the Aurum®, their physical gold currency product. The lease size has grown by 800%. Example of the Aurum®. Investors in the Monetary Metals gold lease are earning 2.25% interest on gold to finance production of the Aurum®, Valaurum’s physical gold currency product. “We’re thrilled to get a new gold lease with Monetary Metals to scale up...

Zumindest wenn wir Nigel Green glauben können. Heute hat der Markt deutlich eingebüßt. Nahezu alle größeren Cryptocoins verloren im zweistelligen Prozentbereich. Ausgelöst wurde der Markteinbruch vor allem durch einen Cash-Out im BTC-Markt – Bitcoin selbst gab ungefähr 8 Prozent ab. Bitcoin News: Markteinbruch bedeutet nicht das Ende des Bitcoin Bullenruns Doch laut Nigel Green gibt es keinen Grund zur Sorge. Der CEO der DeVere Group glaubt nicht, dass die Rallye...