Saturday , October 24 2020
Home / Tag Archives: newsletter (page 4)

Tag Archives: newsletter

Swiss National Bank intervenes heavily to weaken Swiss franc

© Michael Müller | Dreamstime.com Official data recently released by the Swiss National Bank (SNB) show it sold 51.5 billion Swiss francs while acquiring US dollar and euro-denominated assets in a bid to weaken the franc over the first quarter of 2020. The data followed comments by SNB President Thomas Jordan signalling that even larger interventions may be on the cards in the future. Switzerland’s long-running battle with its overvalued currency has drawn criticism...

Read More »

Coronavirus: more than 4,000 new cases over 3 days in Switzerland

© Patrik Slezák | Dreamstime.com On 12 October 2020, the Federal Office of Public Health (FOPH) reported 4,068 new cases of SARS-CoV-2 infection over 72 hours. The latest 3-day infection figure is 2.6 times the number over the same period a week ago. Switzerland’s 7-day rolling average daily new infection number has jumped from 469 to 1,215 in a week. In addition, the rate of positivity – the percentage of tests coming back positive – continues to rise. The latest...

Read More »

The NRA Would Be Wise to Leave New York ASAP

The NRA would be wise to vote with its feet. Millions of Americans have already escaped the high taxes and freedom-destroying blue state regimes by doing the same. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. Original Article: “The NRA Would Be Wise to Leave New York ASAP“. You Might Also Like Money-Supply Growth Hits New High For Third Month In a Row In...

Read More »

A Critique of the Labor Theory of Value

[This selection is adapted from “The Labor Theory of Value: A Critique of Carson’s Studies in Mutualist Political Economy,” Journal of Libertarian Studies 20, no. 1 (2006). Please see original for full references and footnotes.] Before proceeding, we should be clear on what an economic theory of value is supposed to do: its task is simply to explain the exchange value of particular goods and services. That is, an economic theory of value must explain why someone...

Read More »

Initiative against Swiss Covid app fails

In July 2020, a group started gathering signatures to launch a public vote to ban Switzerland’s Covid-19 contact tracing app. To launch a referendum in Switzerland organisers must collect 50,000 signatures from eligible voters within 100 days. Organisers of the “Stop Swiss Covid” initiative had until 8 October 2020 to collect 50,000 signatures. According to RTS they failed to reach the required signature milestone. When this happens the vote fails to proceed. The...

Read More »

FX Daily, October 12: Yuan in Spotlight in Consolidative Session

Swiss Franc The Euro has fallen by 0.15% to 1.0738 EUR/CHF and USD/CHF, October 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Led by 2-3% gains in Hong Kong and China, the MSCI Asia Pacific Index rose for the sixth consecutive session is pressing against the high for the year. European stocks are firmer, and the Dow Jones Stoxx 600 is up around 0.5% near midday, and shares are also trading firmer. The...

Read More »

Hotel sector sees gloomy outlook

Urban hotels have been hit particularly hard by the coronavirus effect on business and international tourism. Keystone / Urs Flueeler Swiss hotels are predicting a worsening outlook, as newspapers warn thousands of jobs could be lost in the sector. According to the latest survey by sector association HotellerieSuisse  at the beginning of this month, more than a third of hotels (37%) say they will have to lay off staff in the coming months. The rate is particularly...

Read More »

Tyrants Are Waging War Against Their Own Citizens

As [D] Mayor de Blasio shuts down schools and restaurants in NYC yet AGAIN, and as cops in Australia arrest women on beaches for traveling outside of 5 KM from their homes, it’s clear that tyrants around the world are openly waging war against their own people. Claudio Grass joins me to discuss. [embedded content] You Might Also Like You cannot print your way to prosperity – Part II Looking at the damage inflicted upon...

Read More »

Japan Embraced Debt as a Way out of Its Budget Crisis. It’s Not Working.

The sudden resignation of Japans Prime Minister Shinzo Abe has led to evaluations of his so-called Abenomics. Many have praised Abe’s aggressive monetary policy because the long shopping list of the Bank of Japan (government bonds, corporate bonds, ETFs and real estate investment trusts) has inflated stock and real estate prices (Shirai 2020; Financial Times 2020). Concerns remain on the fiscal side since Abe’s consumption tax hikes from 5 percent to 8 percent in...

Read More »

Drivers for the Week Ahead

Dollar losses are accelerating; the virtual IMF/World Bank meetings begin Monday A big stimulus package before the election still seems unlikely; there are a fair amount of Fed speakers during this holiday-shortened week The main data event this week is September retail sales Friday; ahead of that, we get inflation readings for September; Fed manufacturing surveys for October will start to roll out The account of the ECB’s September meeting added a layer of...

Read More »