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Solar energy systems supplied 6.5% of the electricity required in Switzerland in the first half of 2022 © Keystone / Jean-christophe Bott Fears of an electricity shortage in Switzerland appear to have had a positive effect on the expansion of solar energy. The Swiss Federal Office of Energy (SFOE) expects the market to grow by around 50% in 2022. New photovoltaic construction in Switzerland rose by 43% to 683 megawatts in 2021, revealed SFOE statistics on solar...

History matters, especially as the New York City today faces still another subway crisis. The New York subway system’s history illustrates the failures of state enterprise. The subways have been bad for so long that few know when the subways were “an engineering marvel.” That was when subway private management companies made money, about a century ago. Today there’s consensus the red-ink government subways are a nightmare. The state agency operating them has wasted...

I’m back from Geneva where, among other things, I briefly visited the headquarter of the World Economic Forum (WEF) to express my appreciation for this organization. Check out my picture :-). In addition I enjoyed a conversation with Jose El Niño – you will find the podcast under the below link. Claudio Grass, Switzerland If you want to listen, please click on the following link to the podcast:...

The strong franc only goes so far in protecting Switzerland from inflation. © Keystone / Gaetan Bally The cost of goods and services in Switzerland rose 3.5% in August compared to the same month last year, but the inflation rate still remains below that of many other countries. Prices for imported goods leapt 8.6%, according to the Federal Statistical Office (FSO), while domestic products went up 1.8%. Rising energy and fuel costs are the main drivers of inflation –...

Listen to the audio version of this article here. The price of silver hit a peak over $26.50 on March 8. It spent about a month and a half breaking down, and then the bottom fell out. It’s currently down from that peak almost 8 bucks. Breaking Down Fundamental Silver Prices However, the opposite has been happening to silver’s scarcity. First, let’s look at a chart of the silver market price and the silver fundamental price. The market price is down a lot since that...

The lagged effect of inflation. “Just call me Ishmael,” Jay. . [embedded content] Tags: economy,Featured,Federal Reserve/Monetary Policy,newsletter

Since the summer of 2020, my expectation for the US economy has been that once all the COVID distortions are gone, it would revert to its previous trend growth of around 2%. And that seems to be exactly what is going on with the economy right now. There was a shift in consumption preference during COVID for goods over services with the goods consumption rising well above the pre-COVID trend: . Now, some of that, as we know, is due to inflation so if we correct for...

REMINDER: I will be speaking at the Ron Paul Institute’s annual conference, which this year is being held at the The Westin Washington Dulles Airport. The theme of the conference is “Anatomy of a Police State.” See my blog post of yesterday. If you can make it, I am sure you’ll be happy you did. If you do attend, please come up and say hello. Register here. — Jacob ****** Just about everyone, including the most ardent proponents of public (i.e., government) schools,...

Hackers and cybercriminals are exploiting vulnerabilities found in cross-chain bridge protocols to siphon billions of dollars worth of cryptocurrencies out of wallets and smart contracts, a new report by blockchain analytics firm Chainalysis claims. A total of 13 separate cross-chain bridge hacks have been recorded so far, netting criminals about US$2 billion, according to the firm. Most of these attacks took place this year, showing that the trend is proliferating...

Nachdem zu Beginn der Woche die Nutzeraktivität sank, folgte auch der Kurs. Bei 20K fand der BTC seinen Support. Nun gibt es widersprüchliche Signale, die es schwer machen vorherzusagen, ob der Markt eine Trendwende erleben oder doch weiter in einer Bärenphase bleiben wird. Bitcoin News: Bitcoin Hashrate steigt, doch Nutzeraktivität bleibt niedrigDie Nutzeraktivität bleibt niedrig und erholte sich im bisherigen Wochenverlauf nicht, was ein klarer Indikator für einen...