Tag Archives: Featured

Sommaruga (left) during the opening of a water power plant at Nant de Drance in the Swiss mountains last month. © Keystone/Laurent Gillieron Energy Minister Simonetta Sommaruga has warned of possible shortages of natural gas in Switzerland during the winter months. She said the government prepared made plans to prevent energy blackouts due to a drop in Russian gas imports in the context of war in Ukraine. But it was impossible to guarantee sufficient supplies for the...

Konsum oder Sparen? Das ist die grosse Frage. Bild: imago images / YAY Images Die Finanzierung von Wohneigentum und das Sparen fürs Alter sind Bestandteile der Finanzplanung. Manche Sparerinnen und Sparer verknüpfen Hypotheken mit Vorsorgeprodukten. Was hier bei steigenden Zinsen zu beachten ist.  Angetrieben durch die Inflation respektive deren Folge, der Geldpolitik der Notenbanken, sind die Hypothekarzinsen in der Schweiz 2022 deutlich gestiegen. Das...

Most commentary on the Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization—which overturns Roe v. Wade—has focused on the decision’s effect on the legality of abortion in various states. That’s an important issue. It may be, however, that the Dobbs decision’s effect on political decentralization in the United States is a far bigger deal. After all, the ruling isn’t so much about abortion as it is about the federal government’s role in abortion....

Well, that was a mess. The Richmond Fed’s Manufacturing Survey was at first released before being taken back. Initially reported as a plunge in the headline number, it was quickly scrapped once the statisticians remembered they had just discontinued their average workweek component – but had kept a zero in its place when tallying the overall PMI. With it, the PMI was originally calculated to have gone from bad in May (-9) to horrible in June (-19). Refiguring the...

Inflation in Argentina is far worse than neighboring countries. It has only one cause: an extractive and confiscatory monetary policy—printing pesos without control and without demand. Original Article: “How Money Printing Destroyed Argentina and Can Destroy Others” The most dangerous words in monetary policy and economics are “this time is different.” Argentine politicians’ big mistake is to believe that inflation is multicausal and that everything is solved...

Last year, just as it was becoming increasingly clear that price inflation was mounting, Jerome Powell repeatedly denied there was any reason for concern. He called inflation “transitory.” A few months later, he admitted it was not transitory, but denied it was “entrenched.” Then, by late 2021, he admitted price inflation was getting out of control but still took no action of any consequence. Through it all, the Powell plan was repeated delay and opposition to any...

Irina Zubchenko walks with her dog Max amid the destruction caused after shelling of a shopping center in March 2022, in Kyiv, Ukraine. Keystone How to set Ukraine on the path to recovery will be the focus of a major international conference hosted by Switzerland in Lugano in early July. But that may be easier said than done with war still raging in parts of the country and lingering concerns about corruption. “Priority number one remains ending the war, because...

(Combining the weekend macro commentary and price action review in one note.  Check out the July monthly.) Three economic reports highlight the week ahead:  Japan's labor cash earnings at the start of the week and the US employment report and China's CPI at the end of the week. In addition, the Reserve Bank of Australia meets early on July 5. The Bank of Japan's insistence that inflation, which is running slightly above target is not sustainable is that it is a...

Die Wallets wurden im Zusammenhang mit Steuerhinterziehung beschlagnahmt. Es handelt sich dabei, Berichten zu Folge, um mehr als 1.200 Wallets, die angeblich „säumigen Steuerzahlern“ zugeordnet werden konnten. Crypto News: Argentinien beschlagnahmt Crypto-WalletsDie Steuerbehörde selbst hat die Beschlagnahmung veranlasst, die darauf von einem Gericht abgesegnet wurde. Allerdings geht man aktuell davon aus, dass die Versäumnisse nicht zwingend im Zusammenhang mit...

Some Western countries plan to officially ban gold imports from Russia. In 2021, Russia dug up 314 tonnes of gold, nearly 10% of the metal mined globally. Ria Novosti An unexpected spike in Switzerland’s gold imports from Russia is under scrutiny as the leaders of the world’s wealthiest nations gear up to introduce a ban on the precious metal. The G7’s focus on gold, Russia’s second-largest export after energy, marks the latest effort by Western nations to ramp up...