Tag Archives: Featured

Our previous episode on “money printing” veered into fractional reserve banking at a few points, so this week John Flaherty and Monetary Metals CEO Keith Weiner dive into that topic. In this episode, you’ll discover: 4 traits that determine legitimate credit, versus counterfeit credit What many alarmists incorrectly presume about this system The concept of ‘ceiling’ vs an absolute multiplier How nearly everyone today suffers confusion between money and credit A...

In many school districts across the nation, public school teachers still don’t want to go back to work. Private sector workers have long been hard at work in kitchens, at construction sites, and in hardware and grocery stores. Meanwhile, from Seattle, to Los Angeles, and to Berkeley, California, Teachers’ Union representatives insist they simply can’t be expected to perform the on-site work in the expensive facilities that the taxpayers have long been paying for....

Swiss Franc The Euro has risen by 0.26% to 1.1122 EUR/CHF and USD/CHF, March 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities are under pressure following yesterday’s sharp losses in the US. The MSCI Asia Pacific Index suffered its biggest decline of the week today as Japanese, Chinese, and Hong Kong benchmarks slid by more than 2%. The Dow Jones Stoxx 600 Index in Europe is buckling under the pressure...

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is...

Despite banks, broadly speaking, having a banner year in 2020 as central-bank-liquidity more-than-washed over the losses due to COVID and policy restrictions, banker bonuses have come under pressure. In Europe, the picture is more uncertain as banks’ performance has been mixed. Credit Suisse wound up reducing its bonus pool by about 7%. Back in December 2020, Credit Suisse CEO Thomas Gottstein blamed the cuts on social responsibility, stating that “it’s too early to...

We do not like Purchasing Power or Real Effective Exchange Rate (REER) as measurement for currencies. For us, the trade balance decides if a currency is overvalued. Only the trade balance can express productivity gains, while the REER assumes constant productivity in comparison to trade partners. Who has read Michael Pettis, knows that a rising trade surplus may also be caused by a higher savings rate while the trade partners decided to spend more. This is partially...

One question I get often is how to file taxes with stocks and dividends. And this especially gets popular when we add foreign stocks and foreign dividends into the mix. Many people are afraid of investing because they think it will make it complicated to file your taxes. But in practice, it is not complicated to file your taxes even with a large ETF portfolio. In this article, we will see how to file your taxes with Swiss Stocks and dividends, which is very simple....

The offside of “synchronized” is pretty obvious when you consider all possibilities. In economic terms, synchronized growth would mean if the bulk of the economy starts moving forward, we’d expect the rest to follow with only a slight lag. That’s the upside of harmonized systems, the period everyone hopes and cheers for. What happens, however, when it’s the leaders rather than laggards who begin to shift toward the other way? It’s a question the global economy has...

A gentleman who does work for us sent me a text recently saying the price of his supplies has increased 20 percent, so he wants to increase his monthly fee 10 percent. It was a nice way to ask, and I said sure, especially given that he’s willing to take a haircut on his labor to make the increase more palatable. Chairman Jerome Powell would be happy to hear this story, as the Federal Reserve prints mightily to push the CPI (Consumer Price Index) to 2 percent and...

Swiss Franc The Euro has risen by 0.05% to 1.1027 EUR/CHF and USD/CHF, March 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: A warning from China’s top banking regulator about the frothiness of foreign markets appeared to blunt the knock-on effect of yesterday’s largest rise in the S&P 500 since last June (~2.4%) and weighed on global equities. The large markets in the Asia Pacific region but India and...