SNB & CHF

A circular economy means moving away from using precious raw materials and producing goods that end up in the landfill. Products are repaired, reused and recycled instead. This video shows how the process works in Switzerland, a country with few raw materials that is good at recycling but that also generates among the most waste in Europe. Various hurdles stand in the way of developing a circular economy and prevent the efficient use of resources, as a report by the Federal Council from...

Interview original date: July 25th, 2022. Topics- Paul Krugman las wrong about inflation, the economy never fully recovered from 2008, deflation, consumer prices, artificial government interference, markets hedge, central planning, supply chain, stimmy, financial crisis, treasuries, Government’s response, CPI, supply decreasing, CPI trending down, equities, wealth effect, 1940s, unstable period.

Someday in the future… perhaps on a particularly cold night… … America’s entire energy system will collapse. Fuel won’t get delivered. Rolling blackouts will sweep the land. Pipes will freeze. Food in the freezer will go bad. You may shiver in the dark… praying for a little power – for weeks. You’ll be one of the lucky ones. Others – with less margin of error – may fare worse. Experts tell us if diesel fuel is cut off, it...

Repurchase agreement failures by America's Primary Dealers have moved step-for-step with Japan's yen for two years. As the tempo of musical (financial-collateral) chairs picks up (scarcity, scramble) the yen depreciates. We explain why and what it means. ****EP. 285 REFERENCES**** It's Not Just the Japanese Who Can't Afford to Wait for the Inevitable Truth: https://bit.ly/3QkvMos RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf ****THE...

A decline in the yearly growth rate of the Consumer Price Index (CPI) to 8.5 percent in July from 9.1 percent in June has prompted many commentators to suggest that inflation has likely peaked. If this assessment is valid then it is held Fed policy makers are unlikely to push for an aggressive interest rate tightening in the months ahead. Before one decides to agree or disagree on the likely interest rate policy of the Fed there is the need to ascertain what do we...

By the end of this decade, the Swiss army expects to have trouble recruiting enough personnel. So the defence department is studying the option of drafting women alongside men for military service or an alternative civilian service. We recently asked readers to send in their views on gender-neutral conscription. -- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international...

The BitMEX cryptocurrency exchange wants to reincorporate from its present location in the Seychelles. Keystone Troubled cryptocurrency exchange BitMEX is charting its revival in Switzerland after the platform and its three co-founders were prosecuted in the United States. When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch’s business correspondent can be found playing cricket on various grounds in Switzerland – including the...

The company has faced a string of scandals and mounting legal costs. It is currently undergoing what it calls a transition phase with a new CEO. © Keystone / Melanie Duchene Embattled Swiss bank Credit Suisse is planning to cut around 10% of its workforce as part of a major cost cutting drive, according to several media reports. Reuters reported on Thursday that someone with direct knowledge of the matter indicated that 5,000 positions are expected to be slashed,...

© Bartolomiej Pietrzyk | Dreamstime.com Switzerland’s Gross domestic product (GDP) grew 4.2% in 2021, according to recently released data by Switzerland’s Federal Statistical Office (FSO). The increase follows a decrease of -2.4% in 2020, a year marking the beginning of the Covid-19 pandemic. Thanks to this upswing, GDP in 2021 was above the level of 2019, although some areas of the Swiss economy, such as hospitality, continued to suffer from the pandemic. Gross...

If we insist on doing the transition the hard, slow, costly way rather than the easy, fast, cheap way, it’s going to be a needlessly arduous, soul-crushing slog. Let’s cover a few common-sense points and ask a few questions about the Global Energy Crunch.Let’s start with the high-tech, super-costly solutions that many promote as the surefire source of abundant, affordable energy: thorium reactors, mini/modular-reactors, clean coal plants and fusion. Every one of...