Tag Archives: Featured

Incrementum Advisory Board Meeting Q4 2017 –  Special Guest Ben Hunt, Author and Editor of Epsilon Theory The quarterly meeting of the Incrementum Fund’s Advisory Board took place on October 10 and we had the great pleasure to be joined by special guest Ben Hunt this time, who is probably known to many of our readers as the main author and editor of Epsilon Theory. He is also chief risk officer at investment management...

Swiss Franc The Euro has fallen by 0.09% to 1.1686 CHF. EUR/CHF and USD/CHF, November 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is trading with a heavier bias against the euro, sterling, and yen, but is firmer against the Antipodean currencies and many of the actively traded emerging market currencies. This mixed performance is the story of the...

Dufry, which handles about one-quarter of the world's duty-free goods business, is based in Basel (Keystone) - Click to enlarge Switzerland’s federal prosecutor’s office is handling a request for mutual assistance in an investigation involving the Basel-based duty-free group Dufry. The request was sent by the government of Mauritius, which according to reports in two Swiss newspapers is looking into the...

Since 2000, average wealth per adult in Switzerland has risen by 130%, largely due to the appreciation of the Swiss franc against the US dollar (Keystone) The average fortune of a Swiss adult is $537,600 (CHF528,000), according to the 2017 Credit Suisse Global Wealth Report. Switzerland continues to top the Credit Suisse global list for wealth per adult, followed by Australia ($402,600), the United States ($388,600)...

– UK debt crisis is here – consumer spending, employment and sterling fall while inflation takes off – Personal debt crisis coming to fore – litigation cases go beyond 2008 levels – October consumer spending fell by 2% in October, the fastest year-on-year decline in four years– Britons ‘face expensive Christmas dinner’ as food price inflation soars – Gold investors buying physical gold due to precarious UK and...

Needless but highly profitable forced-upgrades are the bread and butter of the tech industry. One of the enduring mysteries in conventional economics (along with why wages for the bottom 95% have stagnated) is the recent decline in productivity gains (see chart). Since gains in productivity are the ultimate source of higher wages, these issues are related. Simply put, advances in productivity are core to widespread...

Oil prices were riding high after several weeks of steady, significant gains. It’s never really clear what it is that might actually move markets in the short run, whether for crude it was Saudi Arabia’s escalating activities or other geopolitical concerns. Behind those, the idea of “globally synchronized growth” that is supposedly occurring for the first time since before the Great “Recession” while it may not have...

Swiss Labor Force Survey in the third quarter of 2017: Job Offer The number of persons in employment increases by 1.0 percent; Unemployment rate according to ILO is 5.0 percent Neuchâtel, 16.11.2017 (FSO) – The number of employed persons in Switzerland rose by 1.0% between the 3rd quarters of 2016 and 2017. During the same period, the unemployment rate as defined by the International Labour Organisation (ILO) declined...

Swiss Franc The Euro has risen by 0.25% to 1.1679 CHF. EUR/CHF and USD/CHF, November 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After rising to its best level since October 20, the euro reversed direction yesterday and has extended its pullback today. The unexpected tick up in US core CPI and better than expected retail sales may have helped spur the euro losses...

Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter. The purge was orchestrated by a new “supreme committee” to investigate public corruption created by King Salman but under the control of Crown Prince...