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Tag Archives: Featured

CPI Shocker Lifted the Greenback, which now needs to Take a Breath

The jump in US headline CPI above 6% crossed some Rubicon and injected dynamic into the process.  The dollar rallied, and new highs for the year were recorded against the euro and sterling.  The dovish tapering announcement by the Fed on November 3 was completely unwound as the December 2022 Fed funds futures returned to the high-yield mark of 66 bp ahead of the weekend.  The two-year yield rose from about 39 bp at the start of the last week to almost 55 bp.  The...

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Multinationals and the mirage of paying their fair share of tax

Jessica Davis Pluess Companies come to Switzerland for tax reasons all the time. Should that be illegal? It’s fairly common to find companies that are “based” in Switzerland but do very little business in the country. These aren’t shell or letterbox companies in many cases. They have real people, in real offices but what they do here is miniscule compared to their activities outside the country. A couple weeks ago, the NGO Bread for All reportedExternal link on such...

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The Contrarian Trade of the Decade: The Dollar Refuses to Die

Which is more valuable: Wall Street’s debt/asset bubbles or the global empire? You can’t have both, so choose wisely. The consensus makes sense: the U.S. dollar is doomed because the Federal Reserve and the Treasury will conjure trillions of new dollars out of thin air to prop up the status quo entitlements, monopolies, cartels and debt/asset bubbles, and since little of this issuance actually increases productivity, all it will accomplish is the dilution /...

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US-Inflation erreicht Rekordhoch

Die US-Inflation hat im Oktober ein neues Rekordhoch erreicht – seit 1990 war sie nie höher. Der Goldpreis reagierte bereits und stieg deutlich an. Der Cryptomarkt sollte dadurch nur weiter angeheizt werden. Und wenn wir den Zentralbanken glauben können, wird es auch im nächsten Jahr zu Rekordwerten bei der Inflation kommen. Crypto News: US-Inflation erreicht Rekordhoch Im Oktober lag die jährliche Inflationsrate in den USA bei 6,2 Prozent und damit so hoch wie seit...

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How Asset Price Inflation Is Different from Goods Price Inflation

There has been no constant concept of asset price inflation through the modern age of fiat money even amongst those who recognize the condition. The term has become most popular in the present period of inflation targeting coupled with the use of radical monetary tools. The historian of economic thought could doubtless find some common threads through the evolving concept going back into the nineteenth century or earlier (indeed the first big example is the Dutch...

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Google admits defeat in disputed Swiss cloud tender

US technology giant Google argued that it had the capabilities to offer the cloud data services to Switzerland. Keystone / Bernd Von Jutrczenka The Swiss federal authorities can proceed with awarding a cloud computing contract to five US and Chinese companies, including Amazon, Microsoft and Alibaba, after Google dropped an appeal against the decision to leave it out of the project. “The appeal lodged within the framework of the procedure having been withdrawn, the...

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Schweizer Betreibungsauszüge auf der Blockchain

Betreibungsschalter-Plus.ch bietet neu mit Blockchain-Siegel versehene elektronische Betreibungsauszüge an. Damit hat der Empfänger oder die Empfängerin eines Betreibungsauszugs die Sicherheit, dass die Daten echt sind. Die Blockchain-Technologie bietet einen innovativen Ansatz für die Versiegelung von Dokumenten. Betreibungsauszüge mit einem Blockchain-basierten elektronischen Siegel sind absolut fälschungssicher. Die Echtheit und Unveränderbarkeit der Daten sind...

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Geneva-Lausanne train link remains suspended

The holes were caused by tunneling work under the tracks carried out by a private company, which was working on a thermal energy project using water from Lake Geneva to heat an industrial zone not far from the train line. Keystone / Jean-christophe Bott The main rail link between Geneva and Lausanne in southwestern Switzerland will not re-open until Friday morning, Swiss Federal Railways (SBB/CFF) has confirmed. The line has been suspended since Tuesday after land...

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Why There Is No Free Lunch

No Free Lunch: Six Economic Lies You’ve Been Taught and Probably Believe by Caleb S. Fuller Freiling Publishing, 2021. 110 pp. Caleb Fuller, an economist who teaches at Grove City College, thinks that many people have a mistaken conception of economics. It is, they think, a dull and dry subject, the “dismal science,” of primary interest to specialists. Fuller disagrees. He says that “economics changed my life” (p. 11; all page references are to the Amazon Kindle...

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