Friday , November 1 2024
Home / Tag Archives: Featured (page 794)

Tag Archives: Featured

Technical problem shuts down Swiss nuclear power station

Leibstadt was built in 1984 and is one of four nuclear power stations in Switzerland (Keystone) The Leibstadt nuclear power station in northern Switzerland has been disconnected from the power grid and shut down because of a technical fault. Once the cause has been clarified, the plant will be put back into operation as soon as possible, the operator said. It is not clear when that will be. The shutdown at Leibstadt – built in 1984 and one of four nuclear power...

Read More »

The Hour Is Getting Late

After 11 years of “the Fed is the market” expansion, the Fed has now reduced its bloated balance sheet by 6.7%. This is normal, right? So here we are in Year 11 of the longest economic expansion/ stock market bubble in recent history, and by any measure, the hour is getting late, to quote Mr. Dylan: So let us not talk falsely now the hour is getting late Bob Dylan, “All Along the Watchtower” The question is: what would happen if we stop talking falsely? What would...

Read More »

USD/CHF drops to fresh four-month low as greenback extends losses

USD/CHF remains week for the fifth consecutive week. Cautious optimism surrounding the phase-one, a lack of major data and positive performance of commodities seem to weigh on the USD. Second-tier data from the US and Switzerland will be watched closely for fresh impulse. USD/CHF declines to 0.9720 amid mildly active trading session on early Monday. The pair has been weighed down by the broad US Dollar (USD) losses off-late. With the increasing optimism surrounding...

Read More »

How to Write and Understand History

[Adapted from Chapter 2 of Human Action.] The study of all the data of experience concerning human action is the scope of history. The historian collects and critically sifts all available documents. On the ground of this evidence he approaches his genuine task. It has been asserted that the task of history is to show how events actually happened, without imposing presuppositions and values (wertfrei, i.e., neutral with regard to all value judgments). The historian’s...

Read More »

EM Preview for the Week Ahead

EM FX was broadly firmer last week, taking advantage of the dollar’s soft tone as well as another wave of risk-on sentiment.  Bullishness on the global economy is quite strong, whilst we are perhaps a bit more skeptical given ongoing weakness in the UK, Japan, and the eurozone.  Dollar bearishness may also be overdone given our more constructive outlook on the US economy, but technical damage has been done that must now be repaired. AMERICAS Brazil reports November...

Read More »

Signs Swirl All Around Us – The Monetary Reset Is At Hand

For most of this decade owning gold and gold-related investments has required the patience of Job, and the sector is so obscure that it is hard to be sure of anything. But for months now the unusual developments have been piling up so much that it may be possible to regain some optimism. There are indications of a shortage of metal not just at the New York Commodities Exchange, where for months now most contracts have been settled through a supposedly “emergency”...

Read More »

To Be Useful, Data Needs Theory

For most so-called practical economists, information regarding the state of an economy is derived from data. Thus, if an economic statistic such as real gross domestic product or industrial production shows a visible increase, it is considered indicative of a strengthening of the economy. Conversely, a decline in the growth rate is regarded as weakening. It seems that by looking at the data one can ascertain economic conditions. Is this the case, though? The...

Read More »

The Turn

The year is winding down quietly, and the last week of 2019 is likely to be more of the same. The general mood of the market is quite different than a year ago. Then investors had marked down equities dramatically amid fears of what was perceived as a synchronized downturn. Now with additional monetary easing in the pipeline and renewed expansion of the Federal Reserve and European Central Bank’s balance sheets, risk appetites have been stoked. Previously, the notion...

Read More »

Facebook’s Libra has failed in current form, says Swiss president

The Swiss position will be a disappointment for Mark Zuckerberg, chairman and CEO of Facebook Facebook’s Libra project needs reworking to be approved, according to the president of Switzerland, where the cryptocurrency is seeking regulatory consent. “I don’t think [Libra has a chance in its current form], because central banks will not accept the basket of currencies underpinning it,” Finance Minister Ueli Maurer, who held the rotating presidency in 2019, told Swiss...

Read More »

Grüne fordert Verteuerung von klimaschädigenden Investitionen

Die Grünenpolitikerin Greta Gysin (TI) hat einen Vorschlag zur Berücksichtigung von ökologischen Aspekten bei Investitionen unterbreitet. “Wir müssen die Kosten solcher Investments internalisieren”, sagte sie dem “Tages-Anzeiger” vom Samstag. “Es ist heute viel zu günstig, in dreckige Geschäfte zu investieren, weil die Allgemeinheit die Kosten trägt”, erklärte Gysin. Eine solche Vorgehensweise bei klimaschädigenden Investitionen hätte echte Konsequenzen, betonte...

Read More »