Switzerland’s consumer price index (CPI) remained stable in October 2022 compared with the previous month, reported Switzerland’s Federal Statistical Office (FSO) this week. Photo by Polina Tankilevitch on Pexels.comThis left year-on-year inflation at the end of October 2022 at 3%, the same level that it was at the end of September 2022. The stability of the index compared with the previous month is due to opposing trends that counterbalanced each other overall....
Read More »The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages
In another sign of weakness for the job market, the total number of employed persons in the United States fell, month over month, in October. That’s the third time in the last seven months this total has fallen, dropping to approximately 158 million. According to new employment data released by the Bureau of Labor Statistics on Friday, the current population survey shows 328,000 fewer people were employed in October than in September, seasonally adjusted. . This...
Read More »Are Robots and AI Really Going to Displace All Workers? Probably Not
Among the components of the World Economic Forum’s Great Reset are a drastically reduced population and the replacement of human labor with robots and artificial intelligence (AI). The question immediately comes to mind: can robots and AI really make all the stuff for the elites after they have gotten rid of the people? Because a plan has been formulated and described does not mean that it is possible to realize. The plan may contradict laws of logic or reality, or...
Read More »Switzerland should do more on tax avoidance, says EU parliamentarian
Switzerland has made progress in reforming tax rates for multinational companies but still has work to do when it comes to turning a blind eye to tax avoidance. In an interview in the French-language paper Le Temps, Paul Tang, who led a delegation of European parliamentarians visiting Bern last week, said that Switzerland had made more progress than the European Union when it came to bringing tax rates for multinational companies in line with other countries....
Read More »Can the Dollar Sell Off Much More Before the CPI?
The apparent hawkishness of Fed Chair Powell's comments at the press conference following the FOMC's fourth consecutive rate hike extended the dollar's recovery, which had begun in late October. However, the inability of the greenback to rally after the stronger-than-expected jobs data suggests the bounce has ended. Still, participants may be cautious ahead of the October CPI report due November 10. Although many may think Powell indicated that the Fed was finished...
Read More »The Week Ahead: How Sticky is US Inflation and How Soft is China’s?
There are three potential inflection points. The first is a pause from the Fed; if nothing else, Powell signaled it was too early to think about it. The second is for the Bank of Japan to change monetary policy. Governor Kuroda has signaled that it is not time. Conventional wisdom is there will not be a change until Kuroda's term ends next April. However, we note that the surveys suggest economists and BOJ inflation forecasts for next year have converged. The third...
Read More »Multinational Agrichemical Corporations and the Great Food Transformation
In July 2022, the Canadian government announced its intention to reduce “emissions from the application of fertilizers by 30 percent from 2020 levels by 2030.” In the previous month, the government of the Netherlands publicly stated that it would implement measures designed to lower “nitrogen pollution some areas by up to 70 percent by 2030,” in order to meet the stipulations of the European “Green Deal,” which aims to “make the EU’s climate, energy, transport and...
Read More »US Dollar Offered Ahead of the Employment Report
Overview: Risk appetites have returned but may be tested by the US jobs report. News of progress with US auditors in China helped lift Hong Kong and Chinese equities. Most of the large bourses in the region also rose. Europe’s Stoxx 600 is up a little more than 1% near midday after shedding 1.3% over the past two sessions. US futures also are trading with an upside bias. Benchmark 10-year yields are mostly a little softer today. The 10-year US Treasury yield is at...
Read More »6d.) P: Bitcoin News aus aller Welt 1970-01-01 02:00:00
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Read More »Wird Binance eine eigene Bank kaufen?
In der Vergangenheit gab es immer wieder Probleme mit traditionellen Finanzdienstleistern, die ihre Partnerschaft mit Binance an diverse Bedingungen knüpften. Binance könnte sich nun dazu entschlossen haben, diese Bedingungen zu umgehen, in dem die Cryptobörse einfach seine eigene Bank kauft. Crypto News: Wird Binance eine eigene Bank kaufen?Binance CEO Zhao hatte zuletzt angekündigt, bis zu eine Milliarde US-Dollar in „Acquisitions“ in den kommenden Monaten...
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