Tag Archives: newsletter

So here’s an April Fools congrats to globalization’s many fools. The tradition here at Of Two Minds is to make use of April Fool’s Day for a bit of parody or satire, but I’m breaking with tradition and presenting something that is all too real but borders on parody: the wonderful insanity of globalization. Like the famous emperor with no clothing, globalization’s countless glorious benefits have been flogged by neoliberal elites and its corporate media shills with...

“The Medievals were smarter than most people think,” says Dr. Michael Mus. “I mean, sure, they tortured people for believing that the sun was the center of our solar system, and they burned witches at the stake. But they knew a thing or two about gold.” Picture of Dr. Michael Mus Dr. Mus is working to perfect a method of turning lead and other base metals into gold. He says he is so close, that he will only need one more grant from the King government. Then he says,...

Swiss Franc The Euro has fallen by 0.29% to 1.0566 EUR/CHF and USD/CHF, April 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is no reprieve for investors. Equities are falling sharply. Nearly all the Asia Pacific markets slumped but Australia. Chinese markets fared better than most, but the Nikkei was off 4.5%, and India was down almost as much in late dealings. Europe’s Dow Jones Stoxx 600 is off more...

Mit der FINMA-Aufsichtsmitteilung 02/2020 gibt die Eidgenössische Finanzmarktaufsicht FINMA den Banken Präzisierungen zur Behandlung der bundesgarantierten COVID-19-Kredite im Rahmen der Eigenmittel- und Liquiditätsvorschriften, zu befristeten Erleichterungen bei der Leverage Ratio und bei den Risikoverteilungsvorschriften. Ferner informiert die FINMA zum Expected-Credit-Loss-Ansatz nach IFRS 9 und dessen Anwendung im Kontext der COVID-19-Krise. Ausschüttung von...

Does anyone know what is happening? Economic data is likely to become increasingly unreliable as a result of the coronavirus lockdown. We know the global economy will be bad. We will not know, with much accuracy, just how bad. Annualizing data is absurd in the current climate. What happens in the second quarter is not going to be repeated for the rest  of the year. Time to stop annualizing numbers. Most economic data is survey based. Industrial production, some...

© Sudok1 | Dreamstime.com By 31 March 2020, there were around 326 Covid-19 patients in intensive care and 228 on ventilators in Switzerland. It is estimated that there are around 750 ventilators across the country. If the health system reaches overload, medical professionals in Switzerland might be forced to make the kinds of difficult decisions being made in neighbouring France and Italy. According to RTS, some patients have been transferred to Switzerland from...

The Washington Post began this week by noting how the US economy seems to have lost its purported zip just when it needed that vitality the most. Never missing a chance to take a partisan swipe, of course, still there’s quite a lot of truth behind the charge. An actual economic boom produces cushion, enough of one that President Trump and his administration may have been counting on it when opting for full-blown shutdown. The coronavirus recession is exposing how...

The shutdown of the American economy by government decree should end. The lasting and far-reaching harms caused by this authoritarian precedent far outweigh those caused by the COVID-19 virus. The American people—individuals, families, businesses—must decide for themselves how and when to reopen society and return to their daily lives. Neither the Trump administration nor Congress has the legal authority to shut down American life absent at least baseline due...

I think we can agree that everybody wants to pay as little as possible for their television bills. Even though you may think your current television plan is the cheapest available, there could be new deals since you started using your plan. It is always important to keep up to date with the latest offers. There are many Television offerings in Switzerland. Some are expensive, while some can be cheaper than you thought. In this article, I am going to compare...

Swiss Franc The Euro has fallen by 0.26% to 1.056 EUR/CHF and USD/CHF, March 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The coronavirus plague upended the world in March. Equities are finishing the month on a firm note. Strong gains in the US yesterday and an unexpectedly strong Chinese PMI (yes, to be taken with the proverbial grain of salt) helped lift most Asia Pacific and European markets today....