Tag Archives: Featured

The Expert Group is expecting GDP adjusted for sporting events to fall by 3.8 % in 2020 and unemployment to average 3.2 % over the year as a whole. Prospects for 2020 are therefore less negative than feared in the middle of the year. The momentum is likely to weaken as time goes on. Due to the relaxation of the health policy measures, the Swiss economy started to swiftly make up lost ground at the end of April, with both consumerand investment demandex-ceeding...

In the hyper-real casino, everyone has access to the terrors of losing, but only a few know the joys of the rigged games that guarantee a few big winners by design. Readers once routinely chastised me for over-using simulacrum to describe our economy and society. The problem is this word perfectly describes the hollowed-out, rigged economy and social order we inhabit and so synonyms don’t quite cut it: it’s not the same as simulation or imitation or counterfeit. My...

© Michael Müller | Dreamstime.com Official data recently released by the Swiss National Bank (SNB) show it sold 51.5 billion Swiss francs while acquiring US dollar and euro-denominated assets in a bid to weaken the franc over the first quarter of 2020. The data followed comments by SNB President Thomas Jordan signalling that even larger interventions may be on the cards in the future. Switzerland’s long-running battle with its overvalued currency has drawn criticism...

© Patrik Slezák | Dreamstime.com On 12 October 2020, the Federal Office of Public Health (FOPH) reported 4,068 new cases of SARS-CoV-2 infection over 72 hours. The latest 3-day infection figure is 2.6 times the number over the same period a week ago. Switzerland’s 7-day rolling average daily new infection number has jumped from 469 to 1,215 in a week. In addition, the rate of positivity – the percentage of tests coming back positive – continues to rise. The latest...

The NRA would be wise to vote with its feet. Millions of Americans have already escaped the high taxes and freedom-destroying blue state regimes by doing the same. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Article: “The NRA Would Be Wise to Leave New York ASAP“. You Might Also Like Money-Supply Growth Hits New High For Third Month In a Row In...

[This selection is adapted from “The Labor Theory of Value: A Critique of Carson’s Studies in Mutualist Political Economy,” Journal of Libertarian Studies 20, no. 1 (2006). Please see original for full references and footnotes.] Before proceeding, we should be clear on what an economic theory of value is supposed to do: its task is simply to explain the exchange value of particular goods and services. That is, an economic theory of value must explain why someone...

In July 2020, a group started gathering signatures to launch a public vote to ban Switzerland’s Covid-19 contact tracing app. To launch a referendum in Switzerland organisers must collect 50,000 signatures from eligible voters within 100 days. Organisers of the “Stop Swiss Covid” initiative had until 8 October 2020 to collect 50,000 signatures. According to RTS they failed to reach the required signature milestone. When this happens the vote fails to proceed. The...

Swiss Franc The Euro has fallen by 0.15% to 1.0738 EUR/CHF and USD/CHF, October 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Led by 2-3% gains in Hong Kong and China, the MSCI Asia Pacific Index rose for the sixth consecutive session is pressing against the high for the year. European stocks are firmer, and the Dow Jones Stoxx 600 is up around 0.5% near midday, and shares are also trading firmer. The...

Urban hotels have been hit particularly hard by the coronavirus effect on business and international tourism. Keystone / Urs Flueeler Swiss hotels are predicting a worsening outlook, as newspapers warn thousands of jobs could be lost in the sector. According to the latest survey by sector association HotellerieSuisse  at the beginning of this month, more than a third of hotels (37%) say they will have to lay off staff in the coming months. The rate is particularly...

As [D] Mayor de Blasio shuts down schools and restaurants in NYC yet AGAIN, and as cops in Australia arrest women on beaches for traveling outside of 5 KM from their homes, it’s clear that tyrants around the world are openly waging war against their own people. Claudio Grass joins me to discuss. [embedded content] You Might Also Like You cannot print your way to prosperity – Part II Looking at the damage inflicted upon...