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Tag Archives: Featured

Monetary Metals Renews Financing to Investopedia’s Best Online Gold Dealer

Scottsdale, Ariz, February 5, 2021—Monetary Metals® announces the renewal and expansion of its gold, silver & platinum leases to Money Metals Exchange, to finance the Idaho-based business’ bullion inventory. Money Metals Exchange (no relationship to Monetary Metals) was recently named “Best Overall Online Gold Dealer” for 2021 by Investopedia. Monetary Metals has a disruptive model, obtaining precious metals from investors and leasing it to qualified companies...

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The Top 10percent Is Doing Just Fine, The Middle Class Is Dying on the Vine

Please study these charts as a means of understanding the inevitability of economic stagnation and a revolt of the decapitalized middle class. I’ve been covering the decline of America’s middle class for over a decade with charts, data and commentary on the social depression that has accompanied the decline. While there are many mutually reinforcing dynamics in this 45-year decline–demographics, global energy costs, financialization and globalization, to name a few–...

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A Penchant for Controlling Others

[unable to retrieve full-text content]We all want freedom for ourselves, but many people have doubts about the way others might use their own freedom. Under these conditions, the state is there to help. Get enough people to favor enough restriction, and the state is good to go, administering every aspect of life from its smallest to its largest detail.

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Vaccine delays costing Switzerland up to 100 million francs a day

© Ballok Beata | Dreamstime.com A recent study by Swiss National COVID-19 Science Task Force calculates that vaccination delays are reducing Switzerland’s national output (GDP) by between CHF 50 – 100 million per day, according to RTS. Marius Brülhart, an economics professor, told the broadcaster that vaccinating as fast as possible is important not only from a health stand point but also from an economic one. Some nations have already managed to vaccinate a...

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FX Daily, February 05: Position Squaring Weighs on the Dollar Ahead of the Jobs Report

Swiss Franc The Euro has risen by 0.04% to 1.0821 EUR/CHF and USD/CHF, February 5(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: While equities continue to march higher, the dollar is softer amid position squaring ahead of the US jobs data. Gold has stabilized after yesterday’s shellacking. Estimates for US nonfarm payrolls appear to have been creeping higher, encouraged by the ADP, PMI, and weekly initial...

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Dollar Consolidates Its Gains Ahead of Jobs Report

Senate Democrats are setting the table for passage of President Biden’s proposed $1.9 trln relief bill; there were glimmers of possible bipartisanship in some of the votes; US January jobs data is the highlight; Canada also reports January jobs data; Colombia reports January CPI German data is showing further signs of weakness; BOE delivered a less dovish than expected hold; Deputy Governor Ramsden said he envisions slowing the pace of QE later this year Japan...

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Devisenreserven der SNB steigen im Januar um 3,90 Mrd Fr.

Die Devisenreserven der Schweizerischen Nationalbank (SNB) sind im Januar um 3,90 Milliarden Franken gestiegen. Per Ende des Berichtsmonats lag der Wert bei 896,15 Milliarden Franken, nachdem es Ende Dezember noch 892,25 Milliarden Franken gewesen waren. Der Gesamtbestand der Reserven (exkl. Gold) erreichte Ende Januar 902,41 Milliarden nach 898,38 Milliarden Franken im Vormonat, wie die SNB am Freitag auf ihrer Internetseite mitteilte. Die Daten sind gemäss dem...

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Impfchaos: In Deutschland dominiert mehr und mehr planwirtschaftliches Denken

5. Februar 2021 – Zwei mögliche Kanzlerkandidaten wetteifern darum, wer am lautesten nach einer Planwirtschaft ruft, die das Impfchaos beseitigen soll. Die Grünen-Vorsitzende Annalena Baerbock forderte auf Twitter: „Der Staat muss jetzt die Unternehmen koordinieren und alle Impf-Kräfte bündeln – notfalls auch ordnungsrechtlich.“ CSU-Chef Markus Söder, so wie Baerbock ein möglicher Kanzlerkandidat, schlägt in die gleiche Kerbe: „Deshalb sollte es eine...

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Covid: responding to coronavirus denial

This week, the Swiss National COVID-19 Science Task Force published a guide on responding to coronavirus denial. During second wave, trust in the decisions of the Swiss authorities dropped below where it was in spring, and the social consensus on how to respond to the pandemic eroded over the summer, said the authors. Conspiracy theories and misinformation have contributed to this trend and reduced the adoption of measures to control the spread of the virus, said the...

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Can Novartis really make its medicines available to everyone?

Novartis launched a new strategy in sub-Saharan Africa in 2019. Sales people will no longer be incentivised by sales targets but rather by patients reached. Reuters / Baz Ratner Novartis has said it wants everyone in the world to be able to access its products, even multi-million-dollar gene therapies. Can its experiment work? Five years ago, Swiss pharma firm Novartis did something no one else in the industry had ever done. It set out to rigorously evaluate whether...

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