Tag Archives: newsletter

Overview: Softer-than-expected US CPI, following weaker than expected job growth has sent the greenback tumbling. The dollar is stabilizing against the yen today, but the downside momentum is intact against the other major currencies. The euro approached $1.1175, sterling $1.3080, and the greenback slumped to almost CHF0.8615. The Australian dollar reached $0.6850, and the New Zealand dollar tested $0.6360. The Canadian dollar, often a laggard in a weak US dollar...

In recent months, Americans were treated to a particularly cheap political spectacle: negotiations over the debt ceiling. “Extreme right-wing Republicans have hijacked the debt ceiling process,” said Vermont senator Bernie Sanders. “The fight over the debt ceiling could sink the economy,” intoned National Public Radio. Florida representative Matt Gaetz said that when it comes to the debt ceiling, he sees no need to parlay with the Republicans’ “hostage.” The...

With each iteration of the banking crisis, the Federal Reserve System and federal regulators gain in power and authority. Maybe the banking crisis isn’t an accident. Original Article: "Is the Banking Crisis Being Orchestrated?" [embedded content] Tags: Featured,newsletter

On June 28, President Joe Biden took to the stage in Chicago to drum up support for his economic agenda, which his own team has taken to calling “Bidenomics.” The speech was part of a broader publicity tour, “Investing in America,” with the president and his cabinet traveling the country trying to get the American people to see Biden’s economic policies as successful and popular. In his speech, the president attacked so-called trickle-down economics, which he painted...

Overview: The US dollar's losses have been extended ahead of the June CPI. At the same time, speculation that the Bank of Japan will adjust policy later this month saw the yen extend its gains for the fifth consecutive session. Sterling made new highs since last April, while the Swiss franc has risen to its best levels in about 2 1/2 years. The Dollar Index gapped lower and through the trendline drawn off the April and May lows. The greenback has steadied a little...

Der Staat wächst unermüdlich. Wir alle werden erdrückt von immer mehr Verboten und Abgaben. Die Libertäre Partei stellt sich gegen diese Tendenzen und strebt eine freiheitliche Gesellschaft an. Wir ziehen im Herbst erneut in den Nationalratswahlkampf unter dem Motto: «Nöd haue. Nöd chlaue.» Die Libertäre Partei hat ihre ideologischen Wurzeln in der Österreichischen Schule der Nationalökonomie. Die bedeutendsten Vertreter dieser Denkschule waren Ludwig von Mises und Friedrich A. von...

Liebe Freunde der Freiheit! Das erste Freedom Festival findet neu am SA/SO, 19./20. August 2023 in Volketswil statt. Die Vorbereitung laufen auf Hochtouren 🚀 Noch 48 Tage bis zum Festival und ihr seid dabei – unglaublich! 🤩 Tickets: 🎫CHF 40.- Tagespass (SA oder SO)CHF 70.- FestivalpassCHF 15.- Kinderpass (im Alter von 12 bis 17)CHF 0.- Kinder unter 12 Jahre Call to Action: 🤝🍀An alle die noch kein Ticket haben. Lasst euch nicht die Chance entgehen, Teil des ersten Freedom...

In the pre-industrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that. Original Article: "How Capitalism Redefined Masculine Virtue" [embedded content] Tags: Featured,newsletter

Everything seems to be lining up perfectly for individual investors with Joe Biden and Kevin McCarthy making a debt ceiling deal. In fact, a sentiment poll reflects an ebullient investor class. According to an Investors Intelligence article titled "Assume the Positioning" (reprinted in Almost Daily Grant’s, June 1, 2023), “Just 23.3 percent of respondents are bearish on stocks, the lowest since January 2022, [when] the market scaled the summit of the everything...

Overview: The UK surprised with higher-than-expected consumer inflation and budget deficit, and the odds of a 50 bp hike tomorrow edged higher. Sterling has been sold on the news and is the weakest of the G10 currencies, off about 0.5%. The dollar is mixed with the euro, Swedish krona, Canadian dollar, and Swiss franc posting small gains. Emerging market currencies are lower, including the Chinese yuan, which is at new lows since last November. The Mexican peso,...