Inflation is skyrocketing in practically the entire world. Central banks are getting scared and beginning to announce the end of expansionary measures, also known as tapering. Why do central banks find themselves in a dilemma? Why has inflation risen so much? What is a bottleneck? What does tapering mean, and how could it affect us? The objective of this article is to answer these, and other, questions. Inflation Skyrocketing around the...
Read More »Prices of dairy products set to rise in Switzerland
Dairy prices are rising globally. Higher global prices are expected to trigger price rises in Switzerland as local dairy farmers follow the global trend, reported 20 Minutes. © Erix2005 | Dreamstime.com Since the beginning of the year, the price of a tonne of dried milk has risen by around 16% to US$ 4,503, according to the website Global Dairy Trade. Contracts dated March 2022 are priced slightly higher at US$ 4,510. Between 4 January and 15 February 2022,...
Read More »Swiss employment reaches new record
Data published this week by Switzerland’s Federal Statistical Office (FSO) show that the number of active workers in Switzerland rose to a record 5.239 million by the end of 2021. Photo by Lex Photography on Pexels.com The number of people employed at the end of 2021 was 1.9% higher than at the end of 2020. 5.239 million represents around 73% of those 15 or older. Sharp rise in hotel and restaurant jobs The number of people actively...
Read More »Weniger Staat – Weniger Krieg
Die Libertäre Partei kritisiert den Angriffskrieg Russlands auf die Ukraine scharf. Gleichzeitig weist die Partei auf freiheitliche Defizite in den westlichen Staaten hin und mahnt die Schweizer Politik zur Zurückhaltung. Das Nicht-Aggressions-Prinzip ist die oberste Maxime der Libertären Partei. Niemand hat das Recht anderen Menschen Schaden zuzufügen, auch wenn er sich Staat nennt und gute Gründe erfindet. Entsprechend hat Russland im Ukraine-Konflikt zahlreiche rote Linien...
Read More »Our Financial System Is Optimized for Sociopaths and Exploitation
Let’s call this financial system what it really is: the MetaPerverse, a conjured world of self-serving cons. We live in a peculiar juncture of history in which truth has been banished as a threat to the maximization of private gain, i.e. the hyper-pursuit of self-interest. Evidence that supports a causal chain has been replaced by cherry-picked data that supports a self-serving narrative: both the evidence and narrative are manufactured to serve the interests of the...
Read More »Economic Knowledge Is Qualitative, Not Quantitative
According to the popular way of thinking, our knowledge of the economy is elusive. Consequently, the best that we can do is to attempt to ascertain some facts of economic reality by applying various statistical methods to the so-called macro data. For instance, an economist is of the view (i.e., he has a theory) that consumers’ outlays on goods and services are determined by personal disposable income and the interest rate. The personal disposable income and the...
Read More »Russian Weakness and the Russian “Threat” to the West
At 146 million, the population of Russia is smaller today than it was in 1989—when it was 147 million. Russia’s population is expected to decline even more. Some estimates conclude Russia’s population could fall below 100 million by 2100. This continues a trend that was already in place across the Soviet Union at the time of that state’s collapse. Union-wide population peaked at around 290 million in the late 1980s, and has never recovered.Like many Western wealthy...
Read More »Russia’s Military Action Shakes Markets
Overview: News that the separatists were calling on Moscow for military assistance began the risk-off move, and Russia hitting targets across Ukraine has rippled across the capital markets. Equites have been upended. Most bourses in the Asia Pacific region were off 2%-3%, while the Stoxx 600 in Europe gapped lower and is off around 3.5% in late morning dealings. It is at the lowest level since May last year. US futures are sharply lower, and the S&P 50 is...
Read More »Situation in der Ukraine schickt Bitcoin Kurs in den Keller
Über Nacht ging es weitere 10 Prozent runter für den Bitcoin Preis. Der gesamte Markt gab deutlich nach, nachdem es in der Ukraine zu einer weiteren Verschärfung der Situation kam. Viele Altcoins verloren sogar im Vergleich zum BTC zusätzlich. Bitcoin News: Situation in der Ukraine schickt Bitcoin Kurs in den KellerAls „Nosedive“ wurde die Kursentwicklung des Bitcoin in den vergangenen 24 Stunden in den Crypto-Medien bezeichnet. Und der Kurs landete tatsächlich auf...
Read More »Prosecutor calls for maximum fine for Credit Suisse
Credit Suisse has rejected all allegations in this case as meritless © Keystone / Christian Beutler The Office of the Attorney General of Switzerland has demanded Credit Suisse be fined CHF5 million ($5.4 million) – the maximum provided for by law – for aggravated money laundering and subsidiary support of a criminal organisation. Switzerland’s second-largest bank is a defendant in a trialExternal link, which began on February 7, involving millions of euros that were...
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