Swiss Franc The Euro is stable by 0.00% to 1.0833 EUR/CHF and USD/CHF, November 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global equity rally appears to be stalling after the US markets rallied strongly yesterday. Chinese, Taiwan, Korean, and Indian indices fell, and the MSCI Asia Pacific Index appears to have posted only its second loss this month. European shares are narrowly mixed, leaving the...
Read More »Dollar Weakness Resumes as Short-Covering Fades
Sentiment is being buoyed by two incrementally positive stories; cross-markets implied volatility measures continue to trend lower; dollar weakness has resumed President-elect Biden will reportedly officially name his first cabinet picks today; Fed manufacturing surveys for November will continue to roll out; Brazil and Mexico both reports mid-November inflation readings German IFO Business Climate survey for November was mixed; UK national lockdown will end next...
Read More »The 4 Stages of Wealth
(Disclosure: Some of the links below may be affiliate links) During your financial life, you will go through several stages of wealth. Maybe you have already crossed several of them, or maybe you are at the first stage of wealth. Regardless of where you are, it is important to know what is ahead and prepare for your future stages of wealth. There are many things you can do to prepare your future financial stages. In this article, I will talk about the 4 main stages...
Read More »What the Covid Vaccine Hype Fails to Mention
Pfizer recently announced that its covid vaccine was more than 90 percent “effective” at preventing covid-19. Shortly after this announcement, Moderna announced that its covid vaccine was 94.5 percent “effective” at preventing covid-19. Unlike the flu vaccine, which is one shot, both covid vaccines require two shots given three to four weeks apart. Hidden toward the end of both announcements, were the definitions of “effective.” Both trials have a treatment group...
Read More »Dollar Weakness Resumes as Markets Start Another Week in Risk-On Mode
Covid vaccine results from AstraZeneca and Oxford University brought another wave of optimism; dollar weakness has resumed; that said, we will refrain from making any longer-term calls for the demise of the dollar Reports suggest President-elect Biden is pushing House Democrats to reduce the size of their fiscal package demands to unlock negotiations; Republicans have an interest in compromising President-elect Biden has reportedly picked his diplomatic team; it’s a...
Read More »The Evil of American Exceptionalism
According to Anne Applebaum, those who deny American “exceptionalism,” that is to say, global crusading for “democracy,” are dangerous extremists. Original Article: “The Evil of American Exceptionalism“. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. You Might Also Like Calculating GDP Correctly There are many reasons we should be skeptical of the GDP...
Read More »Biden Transition and Vaccine Hopes Weigh on Gold for Now
Today we are taking our monthly look at the charts for gold and silver. We have now received news of 3 Covid19 vaccines that are seeking approval following successful trials and markets have sat up and listened. Investors have moved in to “Risk On” mode as a result of the vaccine developments and also on signs that the transition to the Biden administration is now progressing better than previously. While stock markets, oil markets and cryptos have benefitted from...
Read More »The United Nations and the Origins of “The Great Reset”
The United Nations has been the key institution in setting the stage for a global “Great Reset” devoted to global management of human society and of markets. Original Article: “The United Nations and the Origins of The Great Reset“. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. You Might Also Like What Germany Must Do for a Speedy Recovery On June 29, the...
Read More »Our Frustrations Run Far Deeper Than Covid Lockdowns
The reality is the roulette wheel is rigged and only chumps believe it’s a fair game.It’s easy to lay America’s visible frustrations at the feet of Covid lockdowns or political polarization, but this conveniently ignores the real driver: systemic unfairness. The status quo has been increasingly rigged to benefit insiders and elites as the powers of central banks and governments have picked the winners (cronies, insiders, cartels and monopolies) and shifted the losses...
Read More »FX Daily, November 24: Diverging PMIs Fail to Give the Dollar Lasting Support
Swiss Franc The Euro has risen by 0.04% to 1.0808 EUR/CHF and USD/CHF, November 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The contrast between the eurozone and US preliminary PMI readings caught the short-term market leaning the wrong way, and the dollar snapped back after extending its recent losses. However, today the US dollar is back on its heels and returning to yesterday’s lows against most major...
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