Tag Archives: Featured

“I prefer true but imperfect knowledge, even if it leaves much undetermined and unpredictable, to a pretense of exact knowledge that is likely to be false.” Friedrich August von Hayek On Friday Dave from X22 and I discussed the planned “Cultural Revolution 2020” led by “the anointed” technocrats and whether we have to accept their reality as ours – or not? [embedded content] This work is licensed under a Creative Commons Attribution 4.0 International License....

Swiss Franc The Euro has fallen by 0.31% to 1.0743 EUR/CHF and USD/CHF, June 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The pullback ins US shares yesterday has not derailed the global advance. Japanese and Chinese markets were mixed, the Hang Seng slipped, and Indonesia was hit with profit-taking, but the MSCI Asia Pacific Index eked out a small gain. It has fallen once past two and a half weeks. The...

The transparent HelloMask allows non-verbal communication between patients and nursing staff Visualisation: EPFL A fully transparent surgical mask that filters out germs but allows facial expressions to be seen has been developed by Swiss scientists. Caregivers should be able to wear them from the summer of 2021. “For some segments of the population – like children, the elderly and the hearing impaired – the [current] masks are a major obstacle to communication,”...

© Haris Mulaosmanovic | Dreamstime.com The World Health Organization (WHO) recently changed its advice on face masks. It now recommends healthy people wear them in public when social distancing is not possible, stating that they could provide a barrier for potentially infectious droplets. The WHO had previously said there was not enough evidence to recommend healthy people should wear them, although it has always advised that medical face masks should be worn by...

The dollar remains under pressure, due in large part to the Fed’s aggressive efforts to inject stimulus. We see dollar weakness persisting near-term. From a longer-term perspective, we note that the greenback remains largely rangebound and is unlikely to fall below its 2018 lows. Dollar Index, 2015-2020 - Click to enlarge RECENT DEVELOPMENTS There is a growing debate as to the root causes of recent dollar weakness. Is it the burgeoning national debt? The poor US...

Credit card use entails a degree of risk appreciated at the most basic level. Americans had certainly become more comfortable with debt in all its forms over the many decades since the Great Depression, but the regular employment of revolving credit was perhaps the apex of this transformation. Does any commercial package on TV today not include one or more credit card offers? It certainly remains a staple of junk mail. Leaning more and more on credit cards during the...

The loan is denominated in gold with interest and principal paid in gold Scottsdale, Ariz., June 9, 2020—Monetary Metals® announced today that it has loaned gold to Sector Resources Canada Ltd., a British Columbia based gold mining company. The private transaction was conducted off-market, and the interest rate and terms were not disclosed. Monetary Metals’ innovative business model enables gold-owning investors to lease or lend gold to businesses that use gold....

A no-holds-barred discussion of the economy after the coronavirus shutdown and George Floyd protests. Are we facing another Great Depression? Can there be a V-shaped recovery or is this wishful thinking? What will all the new money and credit created by Congress and the Fed mean for the dollar? What kind of economic mess will Trump or Biden inherit in 2021? How far will Fed chair Powell go to keep markets propped up? And how can you protect yourself and your...

(Disclosure: Some of the links below may be affiliate links) Many of you have asked me about sustainable investing and how they should invest in Sustainable Instruments. Specifically, many have asked which Robo-Advisor they should use for sustainable investing. The two main Robo-Advisors for sustainable investing in Switzerland are Selma Finance and Yova. So, today, we are going to compare Selma vs Yova for easy investment in sustainable companies. Both Selma and...

Unemployment Rate (not seasonally adjusted) Bern, June 9, 2020 – Registered unemployment in May 2020 – According to surveys by the State Secretariat for Economic Affairs (SECO), 155,998 unemployed people were registered with the regional employment centers at the end of May 2020, 2,585 more than in the previous month. The unemployment rate rose from 3.3% in April 2020 to 3.4% in the reporting month. Unemployment rose by 54,628 people (+ 53.9%) compared to the same...