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Tag Archives: Featured

The Feds Collect Most of the Taxes in America—So They Have Most of the Power

[unable to retrieve full-text content]In 2021, it's clear Americans now have thrown off any notions of subsidiarity and instead embraced the idea that the federal government should be called upon to fund pretty much anything and everything. From "stimulus checks" to "paycheck protection," it's assumed an entire national workforce can be propped up by federal spending.

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Is Gold Still in a Bull Market?

[unable to retrieve full-text content]Today Gareth Soloway, Chief Market Strategist of InTheMoneyStocks.com talks about his technical analysis of gold and silver as well as giving us insights in to the recent moves in Bitcoin and the stock markets. Recent comments from the Federal Reserve Chairman Jerome Powell indicated that they may need to raise rates in 2023 (2 years away!). This is primarily due to the continued excessive money printing fueling a surge in inflation. Inflation is no...

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Prospects for China’s dual circulation strategy

by Henrique Schneider China is the only major economy to have grown in 2020. Now the party and state leadership are preparing for a Chinese era, adding a new economic arrow to their geopolitical quiver.  Once again, the 2021 National People’s Congress, held from March 5-11, followed a strict choreography. The political leadership entered the Great Hall of the People to the sound of a military band and led by state and party leader, President Xi Jinping. The...

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FX Daily, June 24: Did the PBOC Signal it is Content with the Yuan’s Pullback?

Swiss Franc The Euro has risen by 0.06% to 1.0962 EUR/CHF and USD/CHF, June 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is trading slightly lower against most of the major and emerging market currencies. The Scandis are leading the major currencies, while the Russian ruble leads the central and eastern European currencies higher. Emerging market currencies mostly firmer, though the...

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Steady increase of cross-border workers continued in 2020

“Customs”: a border crossing at Geneva. Keystone / Salvatore Di Nolfi The number of cross-border workers plying their trade in Switzerland has more than doubled since the mid-1990s. The rising trend continues, increasing by over 4% between 2019 and 2020. At the end of 2020, some 343,000 cross-border workers were employed in Switzerland, up from 329,000 in December 2019, the Federal Statistical Office (FSO) said on Thursday. This amounts to 6.7% of the active...

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Pandemie beschleunigt bargeldloses Bezahlen

Ein Drittel der Befragten gibt an, aufgrund der Pandemie das Zahlungsverhalten nachhaltig angepasst zu haben. (Bild: Shutterstock.com/Viktoriia Hnatiuk) Im Herbst 2020 hat die Schweizerische Nationalbank (SNB) nach 2017 ihre zweite repräsentative Zahlungsmittelumfrage durchgeführt. Die Umfrage zeigt deutliche Veränderungen in der Zahlungsmittelnutzung gegenüber 2017, mit markanten Verschiebungen vom Bargeld hin zu bargeldlosen Zahlungsmitteln. Diese Verschiebungen...

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