After the strong revaluation of the Swiss franc in recent years, some economists, like the ones at the Swiss National Bank (SNB), claim that the franc is overvalued. Many use misleading Purchasing Power Parity (PPP) measures like the Big Mac index, the OECD index or the PPP based on consumer prices for computing fair values. The second big mistake is to compute the Real Effective Exchange Rate (REER) with the wrong “base year”, i.e. to assume that in 1999 the CHF was correctly valued. The...
Read More »Move Over Entrepreneurs, Make Way for Speculation!
Once upon a time, before banks and before even private lending, there was only one way to prepare for retirement. People had to hoard something durable. Every week, they would set aside part of their wages to buy salt (later, it was silver). Assuming it didn’t get wet, the salt accumulated until they couldn’t work any longer. Then, they would begin selling it off to buy groceries. This was the best they could do. By modern standards, it wasn’t a very good method. Stockpiling a commodity...
Read More »Adjust Your Sales in today’s Choppy Market!
This year began with the U.S. stock market facing ever increasing headwinds that whipped up choppier waves with whiter crests and deeper troughs. These harsh winds have blown from the four points of the compass, namely the U.S. Federal Reserve Board, the Euro/Greek crisis, the energy and commodity maelstroms, and now the icy chills out of China, all combining to stir up the treacherous currents of globally unstable economic weather patterns.When the market’s weather is sunny and breezy, the...
Read More »Researching heat-resistant cereals
Switzerland is expecting more and more hot summers due to climate change, so research into heat-resistant crops is well underway. (SRF/swissinfo.ch) 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 events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel:...
Read More »Stadium sets record – for solar panels
The world’s biggest in-stadium solar power plant has been opened in Biel. The 8,100 solar panels produce energy for around 500 households. (SRF/swissinfo.ch) 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 events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel:...
Read More »How Switzerland beefed up its flood defences
CHF650 million ($634 million) has been invested in flood defences since the so-called “flood of the century” hit Switzerland ten years ago. (SRF/swissinfo.ch) --- 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 events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website: http://www.swissinfo.ch Channel:...
Read More »Don’t Over-Complicate Investment!
Just another Rube Goldberg Machine The Rube Goldman machines We normally like to keep things simple and do things the easy way, but we’re completely fascinated by Rube Goldberg machines. They require a level of skill and patience we doubt we’ll ever posses and they’re the ultimate expression of doing something just because you can. Keep It Simple, Stupid or kiss goodbye to your money Investors sometimes are tempted to build convoluted Rube Goldberg-type contraptions to tell them when...
Read More »John Henry Smith, the Grail: Abnormally High Returns
John Henry Smith of Grail Securities (Switzerland) specializes in the U.S. stock market and offers a unique and powerful advisory service to private investors, institutional investors, and SME asset managers, who are seeking to consistently beat the market. All our strengths are at your disposal to provide stock market research and recommendations with the only aim of growing wealth. To achieve this we develop with you a customized investment strategy in terms of your risk and return...
Read More »The Morning Edge With Blake Morrow – SPECIAL – Interview Marc Chandler /Chris Bayer – 08/18/15
Note; Recording contains some sound drops due to unresolved internet problems. Blake (@PipCzar) interviews Marc Chandler. Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks. Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. He holds master's degrees from Northern Illinois University and University...
Read More »RTD Ep:20 “Currency Created Out Of Thin Air” – Charles Hugh Smith (Why Things Are Falling Apart)
Thanks for watching RTD Interviews. Leave a comment and share. Charles Hugh Smith, creator of the blog oftwominds.com, sits down to discuss his book "Why Things Are Falling Apart" and the economy. Visit the RTD Bookstore to support Charles Hugh Smith as well as the RTD channel► http://rethinkingthedollar.com/bookstore In our discussion we cover the following topics: 1. What comes to mind when you hear the words "Rethinking the Dollar"? 2. Why monetary education is so important in...
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