Tag Archives: newsletter

Imagine Harvey Weinstein wielding a “top secret” stamp to block any exposure of the uncomfortable truth and you have the FBI, CIA and NSA. One way to interpret the intelligence community’s reluctance to let all the Kennedy assassination archives become public is that the archives contain evidence of a “smoking gun”: that is, evidence that the intelligence agencies of the United States of America were complicit in the...

Back in June, China’s federal bond yield curve inverted. Ahead of mid-year bank checks, short-term govvies sold off as longer bonds continued to be bought. It was for some a rotation, for others a reflection of money rates threatening to spiral out of control. On June 19, for example, the 6-month federal security yielded 3.87% compared to a yield of 3.525% for the 10-year. China Treasury Bonds(see more posts on china...

Real Personal Consumption Expenditures (PCE) rose 0.6% in September 2017 above August. That was the largest monthly increase (SAAR) in almost three years. Given that Real PCE declined month-over-month in August, it is reasonable to assume hurricane effects for both. Across the two months, Real PCE rose by a far more modest 0.5% total, or an annual rate of just 3.4%, only slightly greater the prevailing average. It is...

Avant-propos: Après la place financière, la production d’électricité, le secteur de la santé, des assurances-maladie, voici arrivé le tour de la destruction du secteur agricole. Remarquez la chose est déjà bien emmanchée avec des suicides et des faillites d’agriculteurs harcelés par un Etat qui poursuit l’agenda d’un « marché » financier et non celui des électeurs, quand bien même ceux-ci financent leur salaire … Les...

Swiss Franc The Euro has fallen by 0.13% to 1.1631 CHF. EUR/CHF and USD/CHF, November 03(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is firm but is not going anywhere quickly. The lack of fresh interest rate support and uncertainty over the US tax proposals, which the Brady, the Chair of the House Ways and Means Committee hopes to have a revised version...

In a recent interview with Mises Weekends, Claudio Grass examined some of the advantages of the Swiss political system, and how highly decentralized politics can bring with it great economic prosperity, more political stability, and a greater respect for property rights.  Since the Swiss political system of federalism is itself partially inspired by 19th-century American federalism, the average American can...

Precious metals advisor Claudio Grass believes Switzerland can serve as an example to rest of world Switzerland popular for gold storage due to understanding of the risks inherent in fiat money and gold’s value as a store of wealth. International investors opt to store gold in Swiss allocated accounts due to tradition of respecting private property. Country respects the importance of gold ownerships and 70% of...

Baseball Hall of Famer Frank Robinson also had a long career as a manager after his playing days were done. He once said in that latter capacity that you have to have a short memory as a closer. Simple wisdom where it’s true, all that matters for that style of pitching is the very next out. You can forget about what just happened so as to give your full energy and concentration to the batter at the plate. They also say...

There’s a profound difference between assets that produce no income and those that produce net income. To those of us nutty enough to pore over dozens of pages of data on wealth and income in the U.S., the Federal Reserve’s quarterly Z.1 reports and annual Survey of Consumer Finances (SCF) are treasure troves, as are I.R.S. tax and income reports. Allow me to share a few observations on family wealth and income drawn...

The Used Goods Question Retail sales in several countries like Germany, Japan and Switzerland continue to fall or they remain steady for years. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so...