Researchers insist that not only can people live longer, but they can also enjoy a healthier life. Keystone / Fernando Bizerra Jr. A group of wealthy investors is gathering virtually in Switzerland to stake their money on a new asset class. It’s longevity, underpinned by the science and technology of longer and healthier lives, and it could be a multi-billion-dollar market. “Longevity will become one of the largest investment opportunities in the coming decades. It...
Read More »Dollar Remains Soft but Sterling Pounded by Brexit Risks
The dollar remains under pressure as market sentiment continue to improve; stimulus talks were extended Two major US airlines announced significant job furloughs starting today; US data for September will continue to roll out; weekly jobless claims will be reported The pound is underperforming as the flurry of optimism in the recent negotiations fades; final eurozone September manufacturing PMI was steady at 53.7 Bank of Japan quarterly Tankan report came in weaker...
Read More »The 2020 Debate: A Breakdown
Ryan McMaken and Tho Bishop talk about Tuesday’s debate, why “the issues” don’t matter, and why the debate probably won’t change the minds of many voters. And be sure to follow Radio Rothbard at mises.org/RadioRothbard. You Might Also Like A Review of Stephanie Kelton’s The Deficit Myth The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as...
Read More »Coronavirus: Switzerland seems to be fending off potential second wave
© Simon Kadula | Dreamstime.com The number of recorded Covid-19 cases in Switzerland has declined over the last 12 days. Over the most recent 14 days, the number of recorded cases per 100,000 in Switzerland was 59, below the figure of 60 used by the Swiss health authorities to define a region as high risk. 12 days ago on 20 September, the same rate was 67 per 100,000. The French-speaking canton of Vaud, Switzerland’s most recent Covid-19 hotspot, has recently seen...
Read More »Switzerland ranked sixth in digital competitiveness study
Sixth formers use Lego Mindstorms to make robots at a school in Glarus, Switzerland, on May 17, 2018. © Keystone / Gaetan Bally The Alpine nation has slipped one place to sixth in the “World Digital Competitiveness ranking” compiled by the Lausanne-based IMD business school. The United States and Singapore came first and second in the ranking, which analyses how well economies employ digital technologies. They were followed by Denmark, Sweden and Hong Kong, IMD said...
Read More »Monthly Macro Monitor – September (VIDEO)
[embedded content] Alhambra CEO Joe Calhoun and Alhambra’s Bob Williams look at data from the past month and discuss what it means for the economy. You Might Also Like Monthly Market Monitor – July 2020 Most Long-Term Trends Have Not Changed. A lot has changed over the last 4 months since the COVID virus started to impact the global economy. Asia was infected first with China at ground zero. Their economy...
Read More »October Monthly
After falling in July and August, the US dollar strengthened against most of the major currencies in September. The dramatic pullback in equities seemed to have undergirded the yen’s resilience, which gained a net 0.25% against the dollar. However, the dollar’s broadly firmer tone appears corrective and consolidative in nature and coincided with the downturn in equities, especially high flying US tech shares. Risk assets, in general, succumbed to profit-taking...
Read More »The Urban Exodus and How Greatness Goes Bankrupt
The best-case scenario is those who love their “great city” will accept the daunting reality that even greatness can go bankrupt. Two recent essays pin each end of the “urban exodus” spectrum. James Altucher’s sensationalized NYC Is Dead Forever, Here’s Why focuses on the technological improvements in bandwidth that enable digital-economy types to work from anywhere, and the destabilizing threat of rising crime. In his telling, both will drive an accelerating urban...
Read More »Rising Homicides This Year May Be Yet Another Side Effect of Covid Lockdowns
During Tuesday’s presidential debate, former vice president Biden attempted to paint Donald Trump as the bad-on-crime candidate when he claimed that crime had gone down during the Obama administration but increased during Trump’s term. Whether or not this is a plausible claim depends on how one looks at the data. And given that law enforcement and criminal prosecutions for street crime are generally a state and local matter, it’s unclear why any president ought to be...
Read More »FX Daily, October 2: POTUS Infected: Is this the October Surprise?
Swiss Franc The Euro has fallen by 0.03% to 1.0784 EUR/CHF and USD/CHF, October 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Before a US election, there is often speculation of a last-minute game-changing development. News earlier today that the US President and his wife have tested positive for the Covid virus has injected a new unknown into not only the US election but the markets as well. Many centers in...
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