Tag Archives: newsletter

The FOMC begins its two-day meeting today with a decision out tomorrow afternoon; Senate Minority Leader McConnell has finally agreed to a power-sharing deal based on the 2001 model; President Biden signaled willingness to negotiate his stimulus proposal in order to get a bipartisan deal; Fed manufacturing surveys for January will continue to roll out; Brazil reports mid-January IPCA inflation Italian Prime Minister Conte will reportedly resign today; Italian...

[unable to retrieve full-text content]FBI agents across the nation are tracking down and arresting Trump supporters who walked into the US Capitol during the January 6 protest that turned into a brawl. Scores of protestors have already been charged with unlawful entry—“knowingly entering or remaining in a restricted building or grounds without lawful authority.”

Swiss Franc The Euro has risen by 0.10% to 1.0791 EUR/CHF and USD/CHF, January 26(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After rallying strongly to start the year, Asia Pacific equities, led by the high-flying Hang Seng, sold-off, led by Tencent. Most markets in the region were off at least 1%. Australia and India escaped the profit-taking due to holidays. Europe’s Dow Jones Stoxx 600 is faring better...

Should skepticism of the 2020 election, fueled by a new administration’s actions, finally convince 50+ million Trump supporters that the barbarians in the Beltway do not represent him, then Trump’s presidency will be—despite his own actions—the disruption that America’s elites truly feared. Original Article: Well, they finally got Donald Trump. But he sure scared the bejesus out of them. It took a massive five-year campaign of hysteria, of fear and hate,...

Discussions on President Biden’s proposed $1.9 trln fiscal package are getting off to a rocky start; Fed manufacturing surveys for January will continue to roll out ECB Governing Council member Olli Rehn viewed yield curve control for the region as “not sensible”; on the virus front, Norway tightened mobility restrictions, France looks set to impose another lockdown, and the UK considering closing borders; Germany IFO survey for January came in slightly lower than...

On January 19 it was announced that Joe Biden planned to nominate Rachel Levine, the Pennsylvania (PA) secretary of health, for the position of assistant secretary of health in the Department of Health and Human Services. This is potentially good news for Pennsylvanians, who will finally be rid of her after having had to endure her disastrous covid lockdowns and restrictions for nearly a year, but is likely bad news for the rest of the country. News coverage of...

Swiss Franc The Euro has risen by 0.01% to 1.0771 EUR/CHF and USD/CHF, January 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: What promises to be an eventful week has begun off on a mostly subdued note. Asia Pacific equities moved higher, again led by Hong Kong and ostensibly mainland buying. The Hang Seng rose 2.4% to bring this year’s gain to 10.75%. South Korea’s Kospi also increased by more than 2%, and,...

Sabine PrombergerFoto: SPÖ Ebenseehochgeladen von Philipp Gratzer Der Bezirk Gmunden und auch die Gemeinde Ebensee weisen seit Wochen überdurchschnittlich hohe Corona-Infektionszahlen aus. Einer der Hauptgründe hierfür ist lt. SPÖ Ebensee das fehlende Testangebot des Landes Oberösterreich. EBENSEE. „Landeshauptmann Stelzer fordert die Bevölkerung immer wieder auf, sich freiwillig testen zu lassen. Wenn die nächstgelegene Teststraße in Vöcklabruck oder Schlierbach...

On Saturday, we showed why according to observations from Credit Suisse and BofA, the “US Economy Is Set To Overheat As Households Are Flooded With $2 Trillion In Excess Savings.” Then, in a note this morning from Morgan Stanley asking “What To Do About All This Optimism” the bank said that “in November, December and now January, no question or concern has come up more often than ‘everyone is optimistic’.” Finally, the latest Fund Managers Survey showed that...

Paraphrasing the late Murray Rothbard, the “two party” system in America during the twentieth century worked something like this: Democrats engineered the Great Leaps Forward, and Republicans consolidated the gains. Wilson, Roosevelt, and Johnson were the transformative presidents; Eisenhower, Nixon, and Reagan offered only rhetoric and weak tea compromises. In politics, being for something always beats being against something, and Republicans were never much...