Tag Archives: Featured

“You cannot say we have passed the zenith and now it is certainly heading lower,” Swiss National Bank President Thomas Jordan told a Finanz and Wirtschaft financial conference on Thursday. © Keystone / Anthony Anex The president of the Swiss National Bank (SNB), Thomas Jordan, says the inflation outlook is more uncertain than normal and it is premature to say prices have peaked. “You cannot say we have passed the zenith and now it is certainly heading lower,”...

The EU’s crisis isn’t limited to energy. It is a manifestation of the global breakdown of Neocolonialism, Financialization and Globalization. The European Union (EU) was seen as the culmination of a centuries-long process of integration that would finally put an end to the ceaseless conflicts that had led to disastrous wars in the 20th century that had knocked Europe from global preeminence. Wary of the predations of the U.S. and rising Asian powers, European nations...

Medicare. The government defines it as “The federal health insurance program for people 65 and older.” That seems simple enough. But there’s more to it than meets the eye because Medicare, like so many other things, has fine print that could end up costing you a lot of money if you don’t know about it. Since Medicare began in 1965, a myth has developed that Medicare pays for all your healthcare costs. Absolutely not true! The Medicare website says, “Original...

I. Introduction Remember the quaint old days of 2019? We were told the US economy was in great shape. Inflation was low, jobs were plentiful, GDP was growing. And frankly, if covid had not come along, there is a pretty good chance Donald Trump would have been reelected. At an event in 2019, my friend and economist Dr. Bob Murphy said something very interesting about the political schism in this country. He said: If you think America is divided now, what would things...

Looks at series of models to gauge Swiss francs value; market has to live with some volatility no comment on currency intervention. We don’t rule anything out monetary policy cannot influence explosion and prices in case of a severe shortage the longer inflation last, the greater the risk of a 2nd round of facts having a negative impact central banks need to watch out that fiscal policy does not dictate monetary policy Meanwhile SNB’s Maechler is now joining in...

SNB’s Jordan is on the wires after the ECB hike rates by 75 basis points today: ECB 75 basis point rate hike not fully surprising We must ensure price stability over medium-term Gas or power stoppages would have devastating impact on economy’s Exchange rates play a role in inflation , when big central banks act this helps us You should not be surprised that SNB acts independently It is positive for SNB of major central banks normalize It would not create difficulty...

© Keystone / Gaetan Bally Switzerland has a social security network that covers risks in many areas – work, health, family and old age. The Swiss social security system cannot be easily compared with that found in other countries, as it comprises a variety of insurance schemes with very different mechanisms. Its funding is characterised by a relatively low use of tax revenues, a focus on individual pension plans, and the influence of private institutions....

Some experts hold that the key to economic growth is to strengthen the labor market, which is based on the view that because of the reduction in the number of unemployed workers, more individuals can afford to increase spending. As a result, economic growth follows suit. The Expanding Pool of Savings—Not Declining Unemployment—Is the Key for Economic Growth However, the key driver of economic growth is an expanding pool of savings, not the state of the labor market....

This via the folks at eFX. Credit Agricole CIB Research argues that it would be premature for the SNB to resume its intervention against CHF strength around current levels. “We note that the wild fluctuations of global bonds, stocks and exchange rates may make it more difficult for market participants to find a “concrete indication” of FX intervention from the data,” CACIB notes. “We further think that following the hawkish shift of its policy outlook in June, it...

In Deutschland ist das Crypto Mining ohnehin wenig profitabel. Doch durch den explosionsartigen Anstieg der Energiekosten in den letzten Wochen kam es weltweit zu großen Verschiebungen des Mining-Marktes. Crypto News: Energiekrise bremst Crypto Mining ausErst im letzten Jahr erlebten Crypto Miner mit dem Verbot des Minings in China eine intensive Herausforderung. In vielen chinesischen Provinzen wurde das Crypto Mining komplett verboten, so dass China als der...