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SNB & CHF

Chinese-owned Swissport agrees emergency takeover

Swissport has been hit hard by the adverse impact of coronavirus on the aviation industry. Keystone / Stephanie Lecocq A consortium of investors has agreed a €800 million (CHF860 million) bailout of Chinese-owned airport services company Swissport. Revenues at the company have nosedived since the onset of the coronavirus pandemic. The consortium of US and British private equity firms and banks will buy out the majority stake currently held by Chinese conglomerate...

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Writing Rebound in Italian

As the calendar turned to September, the US Centers for Disease Control and Prevention (CDC) issued new guidelines expanding and extending existing moratoriums previously put in place to stop evictions during the pandemic. Families affected by COVID either through the disease or as a result of job loss due to the coronavirus have been protected from landowner actions including eviction as a final means to reclaim rental properties from non-conforming tenants. There...

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Why Economics Cannot Be Understood through Experimentation

In the natural sciences, a laboratory experiment can isolate various elements and their movements. There is no equivalent in the discipline of economics. The employment of econometrics and econometric model building is an attempt to create a laboratory where controlled experiments can be conducted. Building an Economic Model The idea of having such a laboratory is very appealing to economists and politicians. Once the model is built and endorsed as a good...

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Jeff Snider talks INFLATION, DEFLATION (RCS Ep75)

Interview original date: July 22nd, 2020 Topics: Jeff’s definition of Deflation, Inflation. Monetary Deflation. Consumer behavior and its effect on prices. Production, wages/income, labor market, labor market destruction. UBI, demand, unemployment, supply, spending, savings, credit. 1930s and destruction of deflation, 1800s and deflation then. Did the Long Depression really exist? Gold Standard after the Civil War, fixed money supply, silver agitation. Different kinds of deflation:...

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