Tag Archives: newsletter

1. The German Rejection of Classical Economics The hostility that the teachings of Classical economic theory encountered on the European continent was primarily caused by political prepossessions. Political economy as developed by several generations of English thinkers, brilliantly expounded by Hume and Adam Smith and perfected by Ricardo, was the most exquisite outcome of the philosophy of the Enlightenment. It was the gist of the liberal doctrine that aimed at the...

Late in March 2021, then-German Chancellor Angela Merkel announced a reverse. Several weeks before that time, Merkel’s federal government had reached an agreement with the various states to begin opening the country back up, easing more modest restrictions to move daily life closer to normal. But with case counts sharply rising once more, the whole thing was going to get shutdown instead. The government declared a holiday starting April 1 (no fooling) last year,...

Wenn es keine größeren politischen oder ökonomischen Meldungen gibt, finden wir vor allem im Mining-Markt Indikatoren für den BTC-Kurs. Doch in dieser Woche stabilisierte sich der Bitcoin-Preis trotz sinkender Hashrate. Bitcoin News: Sinkende Hashrate beeinflusst BTC-Preis kaumIn der letzten Maiwoche kam es bei der Hashrate zu einem unerwarteten Einbruch – bis dahin war diese im gesamten Jahr 2022 angestiegen. Wenn wir uns die Langzeitdaten ansehen, dann stieg die...

Overview: Asia Pacific equities were mostly lower.  China and India bucked the trend.  Europe’s Stoxx 600 is steady with no follow through selling after yesterday reversal. US index futures are posting modest gains and are trying to snap a two-day drop.  The US 10-year yield is firm at 2.91%, while European benchmark rates are 2-3 bp higher.  Asia Pacific bonds were dragged lower by the sell-off in the US yesterday.  The dollar is broadly lower.  The Swedish krona...

The Swiss authorities have vetoed Denmark’s request to send Swiss-made armoured personnel carriers to Ukraine. The State Secretariat for Economic Affairs (SECO) recently rejected Denmark’s bid to provide about  20 Piranha III infantry fighting vehicles to Ukraine, Swiss public television, SRF, said on Wednesday. SECO said the ban was in line with Switzerland’s policy of neutrality of not supplying arms to conflict zones, according to SRF. Neutral Switzerland...

Just the other day, President Biden took to the pages of the Wall Street Journal to reassure Americans the government is doing something about the greatest economic challenge they face. Biden says this is inflation when that’s neither the actual affliction nor our greatest threat. On the contrary, recession probabilities have sharply risen as the real economy slows down given the emerging downside to last year’s supply shock. One thing we might agree on, the...

02.06.2022 – The consumer price index (CPI) increased by 0.7% in May 2022 compared with the previous month, reaching 104.0 points (December 2020 = 100). Inflation was +2.9% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The 0.7% increase compared with the previous month is due to several factors including rising prices for housing rentals. Heating oil also recorded a price increase, as did many food...

The combination of covid lockdowns, money pumping, and attempts to force a new green economy are taking their toll. This is not going away any time soon. Original Article: “It’s Not Just the USA: The Economic Instability Is Global” The actions of the authorities in developed countries, essentially an extension of the Keynesian economic policy discourse, have brought the economies into disrepute. These actions consist of immense stimulus and virtually unfunded...

The annual meeting of the World Economic Forum (WEF) in Davos is perhaps the world’s most unpopular conference, and the WEF’s founder and chairman, Klaus Schwab, one of the world’s most despised figures. Often compared to “Dr. Evil,” the character Mike Meyers played in the Austin Powers series, and routinely likened to a James Bond supervillain on the internet, Schwab is seen as a messianic megalomaniac leading a nefarious cabal of world leaders and corporate heads...

Overview: The recent equity rally is stalling. Asia Pacific equities were mixed, with Japan, South Korea, and Australia, among the major bourses posting gains. Europe’s Dow Jones Stoxx 500 is slipping lower for the second consecutive session, ending a four-day bounce. US equity futures are little changed. The US 10-year yield is edging higher at 2.86%, while European yields are slightly lower. The greenback is firm against most of the major currencies. The Australian...