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Tag Archives: Featured

FX Daily, February 17: Dismal Q4 Japanese GDP Fails to Spur Yen Movement

Swiss Franc The Euro has fallen by 0.02% to 1.0635 EUR/CHF and USD/CHF, February 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It is only a US holiday today, but the global capital markets are subdued. In the Asia-Pacific region, equities traded lower with China and Hong Kong, the main advancers. The MSCI Asia Pacific Index has fallen in only two weeks since the end of last November, and that was during the...

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Drivers for the Week Ahead

We get the first February data from the US manufacturing sector this week; the US economy remains strong; FOMC minutes will be released Wednesday Canada reports some key data this week Preliminary eurozone February PMI readings will be reported Friday; UK has a busy data week Japan has a busy data week; Australia reports January jobs data Thursday Concerns about the coronavirus are likely to keep risk sentiment under pressure, as the ultimate impact is still...

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Swiss environmental agency sets no date for 5G launch

© Daniel127001 | Dreamstime.com Earlier this week, Switzerland’s Federal Office for the Environment (FOEN) announced it had contacted the cantons at the end of January 2020, informing them it had not set a date for switching on 5G networks. However, mobile networks plan to continue installing 5G equipment after rolling out more than 2,000 antenna last year – a map showing where the new antenna are can be viewed here. FOEN says it needs more time to test the potential...

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Ein rationaler Erklärungsansatz für negative Zinsen

In einem Beitrag auf LinkedIn am 29. Dezember 2019 wirft Prof. Erwin Heri von der Universität Basel in die Runde, dass negative (Real-)Zinsen möglicherweise vernünftig sind. Sie wären das natürliche Ergebnis der Präferenzen der Wirtschaftssubjekte – und nicht primär das Ergebnis einer Manipulation von Zentralbanken. Als Indizien werden angeführt: die über Jahrhunderte stetig sinkende Tendez der Realzinsen die Demographie der materielle Wohlstand Aus folgenden...

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Ex-cabinet members had knowledge of Crypto business dealings, say papers

Zug-based firm Crypto sold encryption technology to around 100 countries, some of which was manipulated for use by the CIA and German intelligence services. (Keystone / Str) The Crypto leaks scandal continues to shake the Swiss political establishment. The Sunday papers report that some former federal ministers and parliamentarians had ties with the Swiss firm that helped the CIA and German intelligence listen to conversations of foreign powers for decades. As a...

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The Fed Has Created a Monster Bubble It Can No Longer Control

The Fed must now accept responsibility for what happens in the end-game of the Moral-Hazard Monster Bubble it created. Contrary to popular opinion, the Federal Reserve didn’t set out to create a Monster Bubble that has escaped its control. Also contrary to popular opinion, the Fed will be unable to “never let stocks fall ever again–ever!” for the simple reason that the monster it has created– a monster mania of moral hazard in which all risk has vanished...

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Switzerland most expensive country in 2020

© Marekusz | Dreamstime.com It will come as little surprise to many that Switzerland has been ranked the world’s most expensive country. Put together by the magazine CEO World, the ranking pulls cost of living data on accommodation, clothing, taxi fares, utilities, internet, groceries, transport, and dining out, from a number of other studies. Norway ranks second, followed by Iceland, Japan, Denmark, Bahamas, Luxembourg, Israel, Singapore, and South Korea. The United...

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Swiss worry about online data protection, want increased regulation

Despite worries about personal data online, the majority see new technologies in general as an opportunity, particularly in education and the development of smart cities. (© Keystone / Ennio Leanza) A survey on digitalisation released this week shows people’s greatest concern revolves around the fate of their personal data, though just as many believe new technologies hold great promise, especially in the areas of medicine, education and smart cities. Nearly...

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“ECB Is Worst-Run Central Bank In The World” – Felix Zulauf Sees 30percent Plunge In US Stocks “Taking The World With It”

By Lauren Rublin, via Barrons.com Felix Zulauf was a member of the Barron’s Roundtable for about 30 years, until relinquishing his seat at our annual investment gathering in 2017. While his predictions were more right than wrong, it was the breadth of his knowledge and the depth of his analysis of global markets that won him devoted fans among his Roundtable peers, the crew at Barron’s, and beyond. Simply put, Felix, president of Zulauf Asset Management in Baar,...

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Rothbard: The Constitution Was a Coup d’État

[Conceived in Liberty: The New Republic, 1784–1791. By Murray N. Rothbard. Edited by Patrick Newman. Mises Institute, 2019. 332 pages.] We owe Patrick Newman a great debt for his enterprise and editorial skill in bringing to publication the fifth volume, hitherto thought lost, of Murray Rothbard’s Conceived in Liberty. The details of his rescue of the lost manuscript are indeed dramatic, but rather than recount them here, I should like to concentrate on a theme...

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