Men have long dreamed of optimal outcomes. There has to be a better way, a person will say every generation. Freedom is far too messy and unpredictable. Everybody hates the fat tails, unless and until they realize it is outlier outcomes that actually mark progress. The idea was born in the eighties that Economics had become sufficiently advanced that the business cycle was no longer a valid assumption. The mantra,...
Read More »Swiss wage gap between genders remains bafflingly wide
Dining out is less likely on a lower wage. (© KEYSTONE / GAETAN BALLY) The pay gap between men and women in Switzerland has increased slightly, amounting to hundreds of francs per month on average. Men earned 19.6% more pay than female colleagues in 2016, compared to a 19.5% difference in 2012. While some of this gap can be explained by length of service, additional qualifications and the like, in more than four out of...
Read More »Two Brinkmanship Games and a Possible Third
Some historians give Adlai Stevenson credit for inventing the word “brinkmanship” as part of his criticism of US foreign policy under Dulles, who said that “if you are scared of going to the brink, you lost.” But surely we can agree that the tactic is as old as civilization. The idea is you take the issue to the very edge, risking a significant confrontation, to force a deal, is the way it may seem. The Cuban Missile...
Read More »Monthly Macro Monitor – February (VIDEO)
Alhambra Investments CEO Joe Calhoun discusses the latest information about markets, specific categories affecting the economy. [embedded content] Related posts: Monthly Macro Monitor – October 2018 (VIDEO) Monthly Macro Monitor – December 2018 (VIDEO) Monthly Macro Monitor – August Monthly Macro Monitor – September 2018 Monthly Macro Monitor –...
Read More »New Crypto Valley Association President seeks to heal divisions
Daniel Haudenschild (left) with the new CVA board following their election. (Crypto Valley Association) The new President of the Crypto Valley Association has vowed to turn around the divided organization. Daniel Haudenschild was elected on Thursday evening together with a new board following months of unrest. Speaking to swissinfo.ch two days after his shock departure from Swisscom Blockchain, Haudenschild said his...
Read More »JUSO Zug mit Fake News
ll – Trotz dringend benötigten Arbeitsplätzen zu besten Anstellungsbedingungen will die JUSO in Zug die Ladenöffnungszeiten nicht anpassen und redet eine ganze Branche schlecht. Sofia Zouhir, Co-Präsidentin der Juso Zug, sieht einer Liberalisierung der Ladenöffnungszeiten besorgt entgegen....
Read More »FX Daily, February 01: Did the Fed Steal the Jobs Data Thunder?
Swiss Franc The Euro has risen by 0.24% at 1.1407 EUR/CHF and USD/CHF, February 01(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Weak manufacturing PMI readings are curbing risk appetites ahead of the US jobs report. Growth concerns are top and center after dovish Fed and the Bundesbank’s Weidmann warning that Germany may undershoot 1.5% growth this year, though...
Read More »Swiss Retail Sales, December 2018: -0.1 percent Nominal and -0.3 percent Real
01.02.2019 – Turnover in the retail sector fell by 0.1% in nominal terms in December 2018 compared with the previous year. 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 in the retail sector also adjusted for sales days and holidays fell by 0.3% in December 2018 compared with the previous year....
Read More »Half of Swiss Population Commutes Half an Hour to Work
Not quite 10% walk to work in Switzerland; more than half drive. Nine out of ten employees in Switzerland – or four million people total – commuted to work last year, most of them to another municipality, and most by car. In 2017, the average one-way Swiss commute was 15 kilometres (9.3 miles) and took 30.6 minutes, reported the Federal Statistical Officeexternal link on Tuesday. Some 71% of commuters traveled to...
Read More »It’s Not That There Might Be One, It’s That There Might Be Another One
It was a tense exchange. When even politicians can sense that there’s trouble brewing, there really is trouble brewing. Typically the last to figure these things out, if parliamentarians are up in arms it already isn’t good, to put it mildly. Well, not quite the last to know, there are always central bankers faithfully pulling up the rear of recognizing disappointing reality. At the end of November, Mario Draghi went...
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