The US dollar continued to trend higher last week, helped by the unexpectedly strong retail sales report. Despite disappointing August jobs growth and the moderation in consumer prices, the Fed has no compelling reason not to move forward with plans to taper before the end of the year. The Norwegian krone had been bid most of last week, ahead of the central bank's likely rate hike next week, but it lost nearly 1% before the weekend. It was the second consecutive...
Read More »The Dollar is Aided by Speculation of a Hawkish Fed, Will It Sell-off on the Fact or Disappointment?
The US dollar continued to trend higher last week, helped by the unexpectedly strong retail sales report. Despite disappointing August jobs growth and the moderation in consumer prices, the Fed has no compelling reason not to move forward with plans to taper before the end of the year. The Norwegian krone had been bid most of last week, ahead of the central bank's likely rate hike next week, but it lost nearly 1% before the weekend. It was the second consecutive...
Read More »What They Really Mean When They Say “Do the Right Thing”
[unable to retrieve full-text content]As a senior in high school, I ran for class president with “Do the right thing” as my campaign slogan. Though I realized years ago how utterly pretentious that message is, I’m often reminded that it’s good politics, which proves the point that politics is poison.
Read More »What They Really Mean When They Say “Do the Right Thing”
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Read More »Health expert recommends Covid certificates for Swiss ski lifts
Lukas Engelberger, head of the association of cantonal health directors, has recommended making Covid certificates compulsory for riding on Swiss ski lifts, reported Le Nouvelliste. Verbier lift in 2020 © Le News According to Engelberger, requiring Covid passes to access ski lifts would remove the need to wear masks and make people feel safer. In any case most skiers are likely to have a certificate, he said. In addition, resorts would be able to increase lift...
Read More »Health expert recommends Covid certificates for Swiss ski lifts
Lukas Engelberger, head of the association of cantonal health directors, has recommended making Covid certificates compulsory for riding on Swiss ski lifts, reported Le Nouvelliste. Verbier lift in 2020 © Le News According to Engelberger, requiring Covid passes to access ski lifts would remove the need to wear masks and make people feel safer. In any case most skiers are likely to have a certificate, he said. In addition, resorts would be able to increase lift...
Read More »Number of vacant homes in Switzerland drops for first time in 12 years
© Cristianzamfir | Dreamstime.com Finding a place to live in Switzerland is difficult. Home availability is low and prices are high. On 13 September 2021, the Federal Statistical Office published data showing a sharp drop in the number of vacant homes since 2020, a development that will make home hunting harder. On 1 June 2021, there were 71,365 vacant homes in Switzerland, representing 1.54% of the total stock of housing. Since 1 June 2020, the number of vacant...
Read More »Number of vacant homes in Switzerland drops for first time in 12 years
© Cristianzamfir | Dreamstime.com Finding a place to live in Switzerland is difficult. Home availability is low and prices are high. On 13 September 2021, the Federal Statistical Office published data showing a sharp drop in the number of vacant homes since 2020, a development that will make home hunting harder. On 1 June 2021, there were 71,365 vacant homes in Switzerland, representing 1.54% of the total stock of housing. Since 1 June 2020, the number of vacant...
Read More »The Fed Is Bailing Out the Wealthy as Everyone Else Pays the Price
The Federal reserve says that inequality is a problem. At the same, the Fed also pretends to have nothing to do with it. Last September, for instance, Jerome Powell bemoaned the “relative stagnation of income” for people with lower incomes in the United States, but then claimed the Fed “doesn’t have the tools” to address this issue. Instead, Powell, being the chairman of this ostensibly “independent” and “nonpolitical” central bank, called for the federal government...
Read More »The Fed Is Bailing Out the Wealthy as Everyone Else Pays the Price
The Federal reserve says that inequality is a problem. At the same, the Fed also pretends to have nothing to do with it. Last September, for instance, Jerome Powell bemoaned the “relative stagnation of income” for people with lower incomes in the United States, but then claimed the Fed “doesn’t have the tools” to address this issue. Instead, Powell, being the chairman of this ostensibly “independent” and “nonpolitical” central bank, called for the federal government...
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SNB & CHF
