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The figures published yesterday morning on the Swiss National Bank's (SNB) foreign exchange market operations in the second quarter confirmed what the statements made at the last press conference had already indicated, Commerzbank’s FX analyst Michael Pfister notes. SNB reluctant to take action against the strong franc “For the time being, the SNB appears to be continuing to rely mainly on the key interest rate as its preferred instrument, with...

Overview:   Japan will go to polls a little ahead of the US. And the US election still looks too close to call. Canada may be forced into snap elections if the Bloc Quebecois abandon's negotiating with the minority Liberal government as it has threatened to do at the end of the month. The UK's new Labour government is putting together its first budget to be delivered at the end of the month. Among the first tasks of the new French prime minister is submission of...

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

We are currently in the “everything market.” It doesn’t matter what you have probably invested in; it is currently increasing in value. However, it isn’t likely for the reasons you think. A recent Marketwatch interview with the always bullish Jim Paulson got his reasoning for the rally. “It is this cocktail of ‘full support’ at the front end of a bull market which commonly has created an ‘Everything Market’ during the early part of a new bull. That is, for a...

German aviation company accuses Ruag of balance sheet fraud Keystone-SDA Listen to the article Listening the article Toggle language selector...

In tyrannical societies, the state uses its monopoly of violence to dictate what citizens are permitted to say, activities they are permitted to engage in, and cultural symbols they are permitted to celebrate or display. Anyone who violates such edicts can be arrested and imprisoned. Given the tendency of states to become increasingly dictatorial and to trample on their citizens’ liberties with impunity, Murray Rothbard argued that the state itself, by its very...

Israel announced a “limited” ground operation against Hezbollah targets in the border area of southern Lebanon, sending its soldiers across the border, per local news agency Aljazeera. Israeli warplanes carried out massive strikes on Beirut’s southern suburbs after civilians were ordered to leave. At least 95 people were killed on Monday by Israeli attacks on Lebanon.  Market reaction At the time of press, the Gold price was up 0.02% on the day...

Dieser Artikel erschien zuerst beim Schweizer Monat. Die Polizei möchte mir meine Waffen abnehmen. Nicht, weil ich erwiesenermassen eine Gefahr darstelle,sondern wegen meiner libertären Gesinnung. von Michael Bubendorf 30.09.2024 Herr Bubendorf, wie können Sie uns garantieren, dass Sie Ihre Waffen niemals gegen die Behörden einsetzen werden?» Ich blinzelte den Polizisten gegenüber ungläubig an. «Herr Obrenz*», antwortete ich, «es ist nicht möglich, eine zukünftige Unschuld zu...

Disclaimer: The following is a parody of a “leaked” transcript of a recent telephone conversation between Federal Reserve Chairman Jerome Powell and Secretary of the Treasury Janet Yellen.Powell (answering phone): Powell here.Yellen: Jay, how you doing, Janet here, been meaning to call you one of these days.Powell: What’s on your mind over there at Treasury?Yellen: Well, I see that you’re lowering interest rates, so I just wanted to tell you that’s great news for us...

In a recent interview with Bill Maher, Nancy Pelosi discussed a recently proposed California law—Assembly Bill 1840—that aimed to provide taxpayer funds to first-time homebuyers regardless of immigration status. In defense of the proposed law, which was ultimately vetoed by California Governor Gavin Newsom, Pelosi stated that she wanted to help illegal immigrants achieve the “American Dream.”Setting aside the insanity of compelling California taxpayers to fund home...