Tag Archives: newsletter

The Volcker Myth is simple because there isn’t math for it just voodoo economics (to borrow George HW Bush’s phrase). In theory, the FOMC finally realized after more than a decade of currency devastation and its economic, financial, and social consequences, hey, inflation and money. Once Paul Volcker took over in ’79, he acted on the belated realization, seeking to get the Great Inflation under control by restricting, well, something that seems like money. All the...

Ob das Luna (Terra)-Projekt noch gerettet werden kann, steht in den Sternen. Nachdem der ursprüngliche Cryptocoin bereits abstürzte, ist jetzt auch der Relaunch gescheitert – zumindest vorerst. Crypto News: Auch Luna-Neustart gescheitertDer Kopf von Terra, Do Kwon, ist vielen dadurch bekannt geworden, dass sein Projekt einen historischen Absturz erlebte. Im Mai dieses Jahres verlor Terra innerhalb von ungefähr 5 Tagen seinen Wert vollständig. Von fast 100 US-Dollar...

The most important sustainable themes in 2021 were energy, social concerns and environmental issues. Keystone / Laurent Gillieron The volume of sustainable investments in Switzerland increased by almost a third last year, reaching an all-time high of CHF1.98 trillion ($2 trillion). This continuing growth – the rate is almost the same as last year – is mainly due to the increased use of sustainable investment approaches and the overall positive market development in...

Overview: Equity markets in Asia Pacific and Europe are weaker.  The main exception in Asia Pacific was India, where the market rose by about 0.75%.  Europe's Stoxx 600 is lower for the third consecutive session and is now down on the week.  US futures are up around 0.3%-0.4%.  The 10-year Treasury yield is hovering a little above 3%.  European peripheral yields are softer ahead of the ECB meeting.  New Zealand’s 10-year yield jumped eight basis points in response...

There is scattered evidence that home prices are finally starting to slow down. But, if the phenomenon is system-wide, we’re still waiting to see the evidence in numbers. Last week, the most recent Case-Shiller national data, for example, showed that home prices in March rose an eye-popping 20 percent, year over year. That’s well in excess of what we saw during the height of the housing bubble leading up to the 2008 financial crisis. That makes nine months in a row...

If there was only one causal factor nudging the economy into recession, it might be a mild, brief recession. But with all five conditions in confluence, this recession will be unlike any other. Recessions reliably arise from the confluence of these conditions. Note that any one condition can trigger a recession, but no one condition guarantees a recession. Severe, long-lasting recessions occur when multiple conditions arise at the same time. 1. The business cycle....

Let’s engage in a thought experiment. Suppose that Ukraine was headed by a pro-Russia regime. After repeated failed attempts at assassination by the CIA, the Pentagon finally decides to invade Ukraine for the purpose of bringing about regime change — i.e., ousting the pro-Russia regime from power and replacing it with a pro-U.S. regime. What then would be the response of American statists, especially those within the U.S. mainstream press? There is no doubt about...

Overview: After modest US equity gains yesterday, the weaker yen and Beijing’s approval of 60 new video games helped lift most of the large markets in the Asia Pacific region. South Korea and India were notable exceptions. Europe's Stoxx 600 is off for the second day as Monday's 0.9% advance continues to be pared. US futures are trading lower. The 10-year Treasury yield continues to hover around 3%, and European yields are up 3-5 bp today. The euro is little changed...

7.6.2022 – The Swiss hotel sector registered 14.6 million overnight stays during the winter tourist season (November 2021 to April 2022). Compared with the same period last year, overnight stays increased by 54.0% (+5.1 million overnight stays). With a total of 5.6 million overnight stays, foreign demand increased by 196.7% (+ 3.7 million). Domestic visitors registered an 18.9% increase (+1.4 million) with 9.0 million units. These are the provisional results from the...

According to commentators in the mainstream press and various federal officials, inflation is like the coronavirus. It spreads around the world, hitting different countries in different ways. Sometimes a country will  experience only mild symptoms and sometimes more severe symptoms, like what happens with Covid. Now that the inflation virus has hit America, the mainstream media, along with public officials, are coming up with all sorts of remedies to address the...