© Anyaivanova | Dreamstime.com There is an idea circulating that many of the positive PCR tests results for the SARS-CoV-2 virus in Switzerland are false, results which are known as false positives. However, according to experts interviewed by RTS, PCR test false positives are rare. A number of political figures, including some Swiss parliamentarians, have been referring to large numbers of false positive SARS-CoV-2 PCR test results. While some infected with the...
Read More »Dollar Catches Modest Bid but Weakness to Resume
Geopolitical tensions have risen after US officials accused Russia and Iran of meddling in the elections; the dollar has caught a modest bid today Stimulus talks continue; Pelosi warned that a deal may not come together before the November 3 election; whether Republican Senators change their minds after the elections depends on the outcome Measures of cross-asset volatility suggest a far too generous interpretation of the odds for a clean Democratic sweep; KC Fed...
Read More »Is the US Election the “Cork in the Bottle” for Gold and Silver?
Today we are taking our weekly look at the charts for gold and silver. Republicans and Democrats continue to play the “will they, won’t they?” game over another stimulus package in a Covid19 ravaged US economy. An agreement on a package will ultimately be seen as positive for the markets but, with the US Election just weeks away this may prove to prolong negotiations or postpone decisions until the results of the election are clear and accepted by all. Will Gold Now...
Read More »Central Banks and the Problem with Playing God
It seems the reach and influence of central banks has never been higher, yet they are increasingly flying blind in an environment where central bank tools are growing ever more imprecise and dangerous. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Central Banks and the Problem with Playing God“. You Might Also Like Swiss Retail Sales,...
Read More »FX Daily, October 22: Greenback Stabilizes
Swiss Franc The Euro has fallen by 0.11% to 1.0723 EUR/CHF and USD/CHF, October 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Two sets of talks have riveted attention, and both appeared to have made progress yesterday. After some words, the EC, recognizing the importance of UK sovereignty, UK Prime Minister Johnson signaled a resumption of trade talks. In the US, Pelosi and Mnuchin appear to be on the...
Read More »Occupational mobility: nearly 20 percent of employed persons left their job between 2018 and 2019
22.10.2020 – In Switzerland, 19.2% of people who pursued a professional activity left their job between 2018 and 2019. Mobility is particularly strong among young people, people with a fixed-term contract or working in the hotel and restaurant sector. A change of job led to a higher work-time percentage for 1 in 5 people and a wage increase for 1 full-time employee in 3. These are some of the results from the “Occupational mobility in Switzerland 2019” publication...
Read More »Everything is Staged
All the staging is a means to an end, and everyone in America is nothing more than a means to an end: close the sale so the few can continue exploiting the many. You know how realtors stage a house to increase its marketability: first, they remove all evidence that people actually live there. (Of course a vacant house is ideal for staging because there’s none of the messy real-life stuff to deal with.) All the clutter of everyday life must be moved elsewhere so the...
Read More »Coronavirus: Switzerland hits new daily record
© Martinmark | Dreamstime.com On 21 October 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 5,596, new cases of SARS-CoV-2 infection over 24 hours. The highest daily reported figure during spring was 1,293. A significant increase in testing means infection figures reported over spring are not comparable to today’s numbers. However, the difference in test positivity is narrowing. During the peak in March 2020 around 25% of tests were positive. Over...
Read More »Coronavirus: Geneva hospital feels strain as number of patients rises
Hai Huy Ton That | Dreamstime.com In Geneva, the number hospitalised with Covid-19 has reached 134, the highest it has been since the first wave in spring. On Friday 16 October 2020, there were 94 patients. This represents a jump of 43% in 3 days. Across Switzerland, the picture is similar. On Friday there were 582 Covid-19 patients hospitalised. By Monday, this number had risen to 751, according to data published by RTS, a jump of 29%. The current trend in...
Read More »Was Hoppe Wrong About Democracy?
Hans-Hermann Hoppe has shown in his writings on democracy that democracy leads to economic impoverishment and political disaster under certain conditions. But what are those conditions, and are they dominant in electoral institutions in the United States today? And what role does ideology play in limiting the abuse of the ballot box by voters? Additional Resources “Stop Saying We’re a Republic, Not a Democracy“ by Ryan McMaken: Mises.org/RR_38_1 Patrick Newman’s...
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