Tag Archives: Featured

CEO Keith Weiner returns to popular radio show Turning Hard Times into Good Times hosted by Jay Taylor. Jay argues that the U.S. government hates gold because its rising price shines the light on the destruction of the dollar caused by the Federal Reserve’s printing press used to finance massive government deficits. The detractors of gold have long suggested that owning gold doesn’t make sense because it doesn’t pay interest. Keith and Jay discuss why...

Car sharing firm Mobility is providing 50 Honda electric cars for this innovative project. © Keystone / Christian Beutler An innovative pilot project testing the potential of electric cars to stabilise the power grid has been launched in Switzerland. For one year, the power of 50 electric vehicles will be fed back into the grid from their batteries when they are not running, car-sharing company Mobility which leads the project said on Tuesday. The “V2X Switzerland”...

A decline in the yearly growth rate of the Consumer Price Index (CPI) to 8.5 percent in July from 9.1 percent in June has prompted many commentators to suggest that inflation has likely peaked. If this assessment is valid then it is held Fed policy makers are unlikely to push for an aggressive interest rate tightening in the months ahead. Before one decides to agree or disagree on the likely interest rate policy of the Fed there is the need to ascertain what do we...

The BitMEX cryptocurrency exchange wants to reincorporate from its present location in the Seychelles. Keystone Troubled cryptocurrency exchange BitMEX is charting its revival in Switzerland after the platform and its three co-founders were prosecuted in the United States. 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...

The company has faced a string of scandals and mounting legal costs. It is currently undergoing what it calls a transition phase with a new CEO. © Keystone / Melanie Duchene Embattled Swiss bank Credit Suisse is planning to cut around 10% of its workforce as part of a major cost cutting drive, according to several media reports. Reuters reported on Thursday that someone with direct knowledge of the matter indicated that 5,000 positions are expected to be slashed,...

© Bartolomiej Pietrzyk | Dreamstime.com Switzerland’s Gross domestic product (GDP) grew 4.2% in 2021, according to recently released data by Switzerland’s Federal Statistical Office (FSO). The increase follows a decrease of -2.4% in 2020, a year marking the beginning of the Covid-19 pandemic. Thanks to this upswing, GDP in 2021 was above the level of 2019, although some areas of the Swiss economy, such as hospitality, continued to suffer from the pandemic. Gross...

If we insist on doing the transition the hard, slow, costly way rather than the easy, fast, cheap way, it’s going to be a needlessly arduous, soul-crushing slog. Let’s cover a few common-sense points and ask a few questions about the Global Energy Crunch.Let’s start with the high-tech, super-costly solutions that many promote as the surefire source of abundant, affordable energy: thorium reactors, mini/modular-reactors, clean coal plants and fusion. Every one of...

The introduction of commodities into the market has interesting implications concerning Carl Menger’s value imputation. The subjectiveness behind this approach illustrates that marginal utility analysis may be used in the explanation of the price phenomena of a commodity, or more specifically, the price phenomena of a new item into the market. In the imaginary construction of Robinson Crusoe’s island, in which there is a community that does trade among a few...

Since our last silver article, the price of silver has dropped. With due respect to Frederic Bastiat, the price is the seen. The basis mostly goes unseen. We will take a look at the market data, revised for a few more days of trading. Warren Buffett, 2008, and the Cobasis But first, let’s look at a chart we have discussed a few times over the years. It shows two ratios: gold basis to silver basis, and gold cobasis to silver cobasis. It shows a measure of gold’s...

01.09.2022 – Turnover adjusted for sales days and holidays rose in the retail sector by 4.6% in nominal terms in July 2022 compared with the previous year, with just under half of this upturn due to price increases. Seasonally adjusted, nominal turnover fell by 0.3% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays rose in the retail sector by 2.6% in July...