Tag Archives: Politics

Part II of II Outlook and wider impact As showcased during the debates and in the entire campaign rhetoric, politicians in the US but also in Europe, are solely focused on promoting solutions that only serve to paper over the problems and address the symptoms of the disease. From “covid checks” to rent relief, and everything in between, all their proposed “fixes” are only providing some temporary breathing room to those millions of citizens affected by the economic shutdown and...

Part I of II The implications of the upcoming US election are obviously very important not just for American citizens, investors and ordinary savers, but for the rest of the world too. Economic, fiscal and monetary developments and trends that take place in the US influence the global economy in a major way, and the policies that are adopted there often come to define the rest of the West. After all, central planners in general tend to think alike and seek to confirm their own...

Swiss Franc The Euro has risen by 0.02% to 1.0712 EUR/CHF and USD/CHF, October 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It was like deja vu all over again. First, the market reacted immodestly to headlines indicating there was little chance of pre-election fiscal stimulus in the US. It was hardly new news. Then the market seemed to react with surprise that there was no last-minute breakthrough in the...

In July 2020, a group started gathering signatures to launch a public vote to ban Switzerland’s Covid-19 contact tracing app. To launch a referendum in Switzerland organisers must collect 50,000 signatures from eligible voters within 100 days. Organisers of the “Stop Swiss Covid” initiative had until 8 October 2020 to collect 50,000 signatures. According to RTS they failed to reach the required signature milestone. When this happens the vote fails to proceed. The...

As [D] Mayor de Blasio shuts down schools and restaurants in NYC yet AGAIN, and as cops in Australia arrest women on beaches for traveling outside of 5 KM from their homes, it’s clear that tyrants around the world are openly waging war against their own people. Claudio Grass joins me to discuss. [embedded content] You Might Also Like You cannot print your way to prosperity – Part II Looking at the damage inflicted upon...

As [D] Mayor de Blasio shuts down schools and restaurants in NYC yet AGAIN, and as cops in Australia arrest women on beaches for traveling outside of 5 KM from their homes, it’s clear that tyrants around the world are openly waging war against their own people. Claudio Grass joins me to discuss. [embedded content]

Switzerland remains a “special case” As we now enter fall and the news cycle continues to be dominated by Covid-related stories, the “second wave” and new lockdowns and restrictions being enforced all around the globe, hopes of a swift recovery have by now completely evaporated in all rational investors’ minds. It is clear that this surreal new state of affairs is here to stay, as we all get acquainted with this “new normal” in the way we do business and in our daily lives. What...

“The right of self-determination in regard to the question of membership in a state thus means: whenever the inhabitants of a particular territory, whether it be a single village, a whole district, or a series of adjacent districts, make it known, by a freely conducted plebiscite, that they no longer wish to remain united to the state to which they belong at the time, but wish either to form an independent state or to attach themselves to some other state, their...

“The right of self-determination in regard to the question of membership in a state thus means: whenever the inhabitants of a particular territory, whether it be a single village, a whole district, or a series of adjacent districts, make it known, by a freely conducted plebiscite, that they no longer wish to remain united to the state to which they belong at the time, but wish either to form an independent state or to attach themselves to some other state, their wishes are to be...

Interview with Robert Mark: Claudio Grass (CG): In this surreal policy environment, how has the role and the investment process of the value investor evolved, especially over the last decade?  How can one still identify value in a world of subsidized binge borrowing, extreme indebtedness, and stock buybacks?  Robert Mark (RM): The patriarch of value investing, Ben Graham, once said, “In the short run the market is a voting machine, but in the long run it is a...