Tag Archives: newslettersent

A new world order is coming of age and the transition is painful to accept for a Western middle class with a deep-seated sense of entitlement. We showed how the West feels threatened globally in Toward a New World Order and followed up explaining how this translate into domestic politics in Toward a New World Order Part II. We will now continue this series by showing how gross economic mismanagement have created the...

Regardless of your ethnicity, class or religion, if you perceive the institutions that govern American life as corrupted, riddled with favoritism and spin or as broken, you’re a Deplorable. Are you a Deplorable? The answer might surprise you. Take this short quiz to find out. 1. If you agree with this characterization of American Elites: “The self-satisfied cosmopolitan culture that sprang up among the affluent 20% or...

Juiced Stimulus, in a general sense, is something that causes an action or response.  A ringing alarm clock may prompt someone to exit their slumber.  Or a fist to the gut may force someone to gasp for breath. Stimulus can come in many forms and varieties.  It can come in the form of a stick; do this and you won’t get whacked over the head.  So, too, it can come in the form of a carrot; do that and you’ll get a...

SMI 2016’s December rally continued this week as Swiss and European equities outperformed global stocks. The US dollar continued to surge after the Federal Reserve increased interest rates for only the second time in a decade on Wednesday. SMI Index, December 16 - Click to enlarge Economic Data Fed Head Janet Yellen told reporters that inflation expectations have risen ‘considerably’ on the back of Donald Trump’s...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 16(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Some mild position squaring pressures are evident ahead of the weekend, and for many market participants the year is coming to an end. Outside of the BOJ meeting next week, the calendar turns light and markets are moving into holiday mode. The Dollar Index is seeing this week’s gains trimmed, but it is...

Summary: Biggest change is that Fed sees three instead of two hikes next year. Minor tweaks in the forecasts. Fiscal policy could raise the long-run growth potential, which would be a net good but not needed to reach full employment. As has been tipped since at September the Federal Reserve increased the Fed funds target range by 25 bp to 50-75 bp.  The market’s understanding of the Fed reaction function and the...

According to UN trade statistics, the small Alpine nation exported US$ 2.4 billion1 of coffee in 2013. This figure is far higher than its cheese (US$ 615 million2) or chocolate (US$ 822 million3) exports, two far more famous Swiss exports. In 2013, Swiss coffee exports ranked 4th behind Brazil ($5.3b), Germany ($3.4b) and Vietnam ($2.9b). Ethiopia, where the coffee plant originated, trailed back in 13th place with $771...

The elites’ toadies, lackeys, shills, sycophants, water-carriers and apologists are desperately hyping the context-free, historically ignorant narrative that “populism leads to autocracy” to protect the existing autocracy of the elites. There is only one narrative in the mainstream media about populism: it destroys democracy and leads straight to fascism. This is an ignorant and false narrative. Here’s a typical...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 14(see more posts on EUR/CHF, ) - Click to enlarge The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald Trump’s victory and the High Courts ruling that parliamentary approval is needed before invoking Article 50, the Pound has been boosted further after economic data...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. A Lawsuit Makes Waves The price action was mixed last week. Those hoping for dollar declines in gold terms were disappointed. However, silver gave them a sop as the price of the buck declined by one one-hundredth of a gram of silver. In Monetarist terms, gold went down $18 and silver up 11 cents. Monetarism, in its...