The fluctuating price of bitcoin bears a repetitive hallmark: true believers hoard the vast majority of bitcoin in circulation and wait for the next wave of new disciples to push up the value by fighting for the scraps. 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 frozen lake of St Moritz. More from this author |...
Read More »The Fraudulent Social Contract of Bad Money Regimes
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Read More »Peter Klein: Why Managers Still Matter
Entrepreneurial businesses embrace adaptiveness and change, and continuous innovation enabled by flexible and responsive organizations, empowered at every level. That doesn’t mean there’s no role for managers. Inside the corporation, entrepreneurial management co-ordinates the business flow of responding to changing customer wants and preferences, so that resources are allocated and reallocated to the production activities that customers value the most. In fact,...
Read More »Elon Musk’s Twitter-Kauf und seine Bedeutung für Dogecoin
Dogecoin hält sich weiterhin in den Top 10 der Cryptocoins, doch der Hype um die Meme-Coins und DOGE im Speziellen ist ruhiger geworden. Schon seit knapp einem Jahr hat niemand mehr von „DOGE auf einem Dollar“ gesprochen. Stattdessen wäre man froh, wenn der Coin wieder auf zehn Cents steigen würde. Könnte Musk’s Twitter-Kauf dazu führen? Crypto News: Elon Musk’s Twitter-Kauf und seine Bedeutung für Dogecoin Bei ungefähr 17 Cent liegt das Hoch aus diesem Jahr für den...
Read More »No Rest for the Weary: The Week Ahead
In Volcker’s days, when he used money supply to justify tightening monetary policy despite high unemployment, the money supply was released while markets were open, and it was The report. Later, by the mid-1980s, leading up to the Plaza Agreement, the deterioration of the US monthly trade balance was critical. It became The report. For several years now, the monthly jobs report superseded it. It is the first hard data for a new month and often sets the tone for the...
Read More »A Cliché of Socialism: Under Public Ownership, We the People Own it!
Foundation for Economic Education founder and cornerstone Leonard Read always had an ear out for widely accepted but misleading clichés that served to aggrandize government power and limit liberty. In his 1965 “A Cliché of Socialism: Under Public Ownership, We the People Own It!” He focused his attention on the large gap between public ownership of assets and the idea that “we the people” own them. Read pointed out that not only is public ownership misunderstood, but...
Read More »Energy crisis acting as drag for Swiss economy
Another factor for the slowdown is foreign trade, which according to the forecast will weaken significantly next year. © Keystone / Gaetan Bally The KOF economic institute has joined other forecasting agencies to lower its predictions for the Swiss economy. However, the experts do not expect a recession for the time being. The Swiss Institute for Business Cycle Research at the Federal Institute of Technology (ETH) in Zurich is now forecasting growth in gross domestic...
Read More »Stocks down big because rate hikes in unemployment rate, while real economy falling apart faster.
The unemployment rate dropped meaning there wasn't anything in the payroll reports which will dissuade the FOMC from hiking again. Or was there? Well, no, Fed officials are hiking based the one measure ignoring all the others which keep pointing toward oncoming recession. Curve inversion in a nutshell. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com...
Read More »More than 70% of Swiss homes heated by burning stuff
Statistics published this week by the Federal Statistical Office (FSO), show that 70.1% of homes in Switzerland are heated by burning either mazout (heating oil), gas or wood. Photo by tony samia on Pexels.comAcross Switzerland 40.7% of homes are heated with mazout or heating oil. A further 17.6% are heated by burning gas and 11.8% by burning wood. These high greenhouse gas producing sources of heat account for 70.1% of the total. Add to this additional undisclosed...
Read More »Price-Gouging Hypocrisy Among Republicans
As most everyone knows, Republicans have been celebrating the clownish antic of Florida Republican Governor Ron DeSantis for using hundreds of thousands of Florida taxpayer dollars to ship 50 immigrants from Texas and dump them in Martha’s Vineyard, Massachusetts. The thuggish act, which appears to include fraudulent representations made to the immigrants, was intended to expose the hypocrisy of rich, liberal residents of Martha’s Vineyard for having sympathy for...
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