It should be as simple as it sounds. Lower LT UST yields, less growth and inflation. Thus, higher LT UST yields, more growth and inflation. Right? If nominal levels are all there is to it, then simplicity rules the interpretation. Visiting with George Gammon last week, he confessed to committing this sin of omission. Rates have gone up, he reasoned reasonably, therefore it would seem to follow how the market must be shifting expectations toward the more optimistic...
Read More »Germany’s New Green Stimulus Plan Won’t Fix the Economy
Recently, there has been a debate in Germany on the constitutionality of additional government borrowing of €60 billion. The borrowing is debated because Germany has a constitutional debt brake. The debt brake limits the possibility of the government to indebt itself and pushes it toward a balanced budget in normal times. In times of emergency, however, the debt brake allows for exceptions and higher deficits to fight the emergency. Unsurprisingly, huge amounts of...
Read More »Visa: Eines von vier Unternehmen will Zahlungen in Kryptowährungen akzeptieren
Die Akzeptanz von Kryptowährungen im Geschäftsleben nimmt zu. Dies zeigt eine Umfrage des Zahlungsdienstleisters Visa. Der Zahlungsriese Visa hat eine Umfrage unter kleinen Unternehmen durchgeführt und festgestellt, dass fast ein Viertel der Befragten plant, in diesem Jahr Zahlungen in Kryptowährungen zu akzeptieren. “Ich denke, dass mehr Menschen mehr Vertrauen in Kryptowährungen haben”, sagte ein Visa-Manager. Visa hat am Mittwoch eine Studie über digitale...
Read More »Crisis-Filled Lives
No one can deny that we Americans live crisis-filled lives. Right now, there is a major crisis in Ukraine with Russia. There is also an ongoing crisis with China. Other foreign-policy crises, such as with Iran, Yemen, Afghanistan, Cuba, Iraq, and North Korea. There is a terrorism crisis. Healthcare crisis. Social Security crisis. Drug-war crisis. Immigration crisis. Debt crisis. Inflation crisis. Fiscal crisis. Monetary crisis. There is a common denominator to all...
Read More »Pandemic drives Swiss Post parcel deliveries
All-time record for Swiss Post: it processed more than 200 million parcels last year. Keystone/Laurent Gillieron The state-owned Swiss Post processed a record number of parcels last year, but the downward letter mail continued. Parcel deliveries increased by 9.6% to 202 million in 2021, according to the state-owned company. “This rise is due to the boom in online retail, which has been driven in part by Covid restrictions and working from home,” it said on Tuesday....
Read More »Is the luxury watch market facing a democratic revolution?
Game changer? Baillod’s tourbillon watch has already made waves in the watch community Baillod Entrepreneur Thomas Baillod has just launched a “Swiss Made” tourbillon watch for under CHF5,000 ($5,450), a marketing coup which shows that mid-range watches still have a place in a watch industry increasingly focused on ultra-luxury. Patented in 1801 by Abraham-Louis Breguet, the tourbillon still fascinates lovers of fine mechanical watchmaking. The mechanism, a small...
Read More »Electric car sales pass ‘tipping point’ in Switzerland
Credit: Zoonar Gmbh / Alamy Stock Photo The number of new electric cars sold in Switzerland continues to accelerate – even faster than predicted, according to the Touring Club Switzerland (TCS) car association. My specialty is telling stories, and decoding what happens in Switzerland and the world from accumulated data and statistics. An expatriate in Switzerland for several years, I have also worked as a multimedia journalist for the Swiss national broadcaster....
Read More »Walmart plant eigenen Cryptocoin
Die Mass Adoption findet statt. Doch sie verläuft anders, als viele es sich vor 10 Jahren vorstellten. Statt einer flächendeckenden Bitcoin-Adoption, versuchen große Unternehmen vor allem ihren eigenen Cryptocoin einzuführen. Crypto News: Walmart plant eigenen Cryptocoin Am Wochenende sind Patente öffentlich geworden, die belegen, dass Walmart nicht nur an einem eigenen Cryptocoin arbeitet, sondern auch in den NFT-Markt einsteigen will. Ursprünglich hatte sich die...
Read More »When Higher Prices Are Not Inflation
Back to 2020, the federal government’s covid-mandated shutdown of meat production plants hobbled the nation’s meat production capabilities, leaving farmers with nowhere to send their beef. This resulted in them having to cull cattle and other livestock. The uncertainty caused farmers to scale back their production at the time, which Arun Sundaram told CNBC “can affect production more than a year, year and a half down the road.” Processing facilities had labor...
Read More »Weekly Market Pulse: A Very Contrarian View
What is the consensus about the economy today? Will 2022 growth be better or worse than 2021? Actually, that probably isn’t the right question because the economy slowed significantly in the second half of 2021. The real question is whether growth will improve from that reduced pace. The Atlanta Fed GDPNow tracker now has Q4 growth all the way down to 5% from the 6.8% rate expected just a week ago (a result of a less than expected retail sales report). That’s still a...
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