Tag Archives: newsletter

The headquarters of Nestlé is in Vevey on the shores of Lake Geneva. The multinational has about 320,000 employees. (Keystone) The Swiss-based food and drink multinational Nestlé is the most valuable European company, according to a new international survey. Nestlé edges out Royal Dutch Shell to move into 15th position worldwide – up three places with a stock market value of $252 billion (CHF250 billion), the annual...

I’m going to break my personal convention and use the bulk of the colors in the eurodollar futures spectrum, not just the single EDM’s (June) contained within each. The current front month is January 2019, and its quoted price as I write this is 97.2475. The EDH (March) 2019 contract trades at 97.29 currently and it will drop off the board on March 18. Three-month LIBOR was fixed yesterday at a fraction higher than...

Since the beginning of December 2018 more and more counterfeit 100 Swiss franc notes have been appearing in the Swiss canton of Valais in and around Sion and Conthey. ©-Ginasanders-_-Dreamstime.com_ - Click to enlarge The fake notes, which the local Police say can be spotted if compared to real ones, have been making their way into circulation via shopping centres, kiosks and service stations in the Sion and Conthey...

Eleven countries in Europe have introduced a CO2 tax on plane tickets. Opponents of such a levy won a first victory in the Swiss parliament earlier this month. An overwhelming majority of people in Switzerland appear to be in favour of introducing a tax on plane tickets to help reduce greenhouse gas emissions. An online poll, published by the SonntagsZeitung newspaper, showed that 70% of respondents said they were...

These three dynamics render capital increasingly vulnerable to catastrophic losses as backstops and distorted markets fail. The undeniable reality of the 21st century economy is that capital has gained while labor has stagnated. While various critics quibbled about his methodology, Thomas Piketty’s core finding–that capital expanded faster than GDP and wages/salaries (i.e. earned income from labor)–is visible in these...

The Recline and Flail of Western Civilization and Other 2019 Predictions “I think it’s a tremendous opportunity to buy.  Really a great opportunity to buy.” – President Donald Trump, Christmas Day 2018 Darts in a Blizzard Today, as we prepare to close out the old, we offer a vast array of tidings.  We  bring words of doom and despair.  We bring words of contemplation and reflection.  And we also bring words of hope...

Globalisation is not just an economic process but also has social, political and cultural aspects. (Keystone) Switzerland was the most globalised country in the world, according to a 2016 survey by the KOF Swiss Economic Institute. It moved up one place to the top compared with the previous year. The Netherlands, Belgium. Sweden and Britain followed in the next places. The United States are in 23rd place and the...

Growing old is something that happens to nearly all of us. However, according to a recent study close to one in three people (28%) reported age-related discrimination in Switzerland in 2017. ©-Photovs-_-Dreamstime.com_ - Click to enlarge The rate of age discrimination (28%) is higher than sexism (22%) and racism (12%), according to Christian Maggiori, a professor focused on social work interviewed by the newspaper La...

The $1.1475-$1.1550 is an important area for the euro. Many bulls see a rounded bottom being carved and a break above it would be embraced as a confirmation. The lower-end corresponds to the 100-day moving average. Such a bottom pattern, if confirmed, would project toward $1.1800 the high in H2 18. On the downside, the low from H2 18 was near $1.1200. This is just above a key (61.8%) retracement of the January...

Hans Hess (centre) says the time is right for Switzerland to agree an umbrella deal with the EU. (Keystone) - Click to enlarge Switzerland’s largest industrial employer, the Association of Mechanical and Electrical Engineering Industries, has come out in favour of a controversial accord, covering relations with the European Union. Hans Hess, president of Swissmem, said the draft agreement was tailor-made for...