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Tag Archives: newslettersent

Emerging Markets: Preview of the Week Ahead

Stock Markets EM FX ended Friday on a week note and capped of another generally negative week.  Worst performers last week were ARS, BRL, and TRY while the best were ZAR, RUB, and KRW. We remain negative on EM FX and look for losses to continue. US retail sales data Tuesday pose further downside risks to EM FX. Stock Markets Emerging Markets, May 08 - Click to enlarge India India reports April WPI and...

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How to Get Ahead in Today’s Economy

“Literally On Fire” This week brought forward more evidence that we are living in a fabricated world. The popular story-line presents a world of pure awesomeness. The common experience, however,  falls grossly short. There are many degrees of awesomeness, up to total awesomeness – which is where we are these days, in the age of total awesomeness, just a short skip away from the Nirvana era. - Click to enlarge What is...

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Late trains – Switzerland’s delay hotspots

The cliché of Swiss trains always being on time is challenged by data published on the website opentransportdata.swiss. © Arne9001 | Dreamstime.com - Click to enlarge Analysis of this data by 20 Minuten, shows the most frequently delayed trains arrive from Italy. Mendrisio, near the Italian border in the canton of Ticino, was the worst performing station with 30% of trains delayed by 3 minutes or more. Italian delays...

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How Safe Are We? Our Blindness to Systemic Dangers

How do we explain our obsession with relatively low risk dangers and our collective blindness to manufactured/marketed scourges that kill tens of thousands of people annually? If you’ve bought a new vehicle recently, you may have noticed some “safety features” that strike many as Nanny State over-reach. You can’t change radio stations, for example, if the vehicle is in reverse. Who knows who or what you’ll run over in...

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Gold Mining Supply Looks Set To Decline

Global demand for gold is increasing while new discoveries of gold remain small Gold mining output in Australia is forecast to decrease by 50% in the next eight years Decline in global gold mining supply makes a price increase almost certain The demand for gold is increasing, yet new discoveries of the precious metal have not kept pace with the demand. Funds for exploration are historically high, $54.3 billion, up 60...

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Swiss economics minister upbeat about Mercosur free trade deal

Schneider-Ammann told reporters in Bern that he would be happy if EFTA-Switzerland secure a free trade deal with Mercosur six months after the EU (Keystone) - Click to enlarge Switzerland is close to concluding a free trade agreement with the four Mercosur countries – Argentina, Brazil, Uruguay and Paraguay – within the framework of the European Free Trade Association (EFTA), Swiss Economics Minister Johann...

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Switzerland: ‘Sovereign money’ initiative

Switzerland: A Test Bed for Radical Ideas The ‘Sovereign money’ initiative, to be voted on in June, aims at a fundamental reform of the Swiss monetary system. In a nutshell, the initiative asks that the creation of money and the granting of loans be separated by barring commercial banks from creating deposits through lending. According to the initiative’s promoters the “Swiss National Bank (SNB) should be the sole...

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International trade unionists stage Glencore demo

On Wednesday, some 40 trade union members from as far as Australia and Africa protested the Swiss-based commodities giant’s treatment of workers. The demonstration took place on the occasion of Glencore’s annual general assembly in Zug, and included protestors from Colombia, the Democratic Republic of Congo (DRC), Canada, Australia, as well as other countries, according to a statementexternal link (in French) by Swiss...

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FX Daily, May 10: Kiwi Tumbles on Dovish RBNZ, While Sterling Goes Nowhere Ahead of BOE

Swiss Franc The Euro has risen by 0.18% to 1.1931 CHF. EUR/CHF and USD/CHF, May 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar is consolidating in narrow trading against most of the major currencies as participants digest several developments ahead of what was expected to be the highlight today, the BOE meeting and US April CPI. The greenback’s...

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BNS, Initiative Monnaie Pleine veut lui donner les pleins pouvoirs

- Click to enlarge «Monnaie pleine», la révolution bancaire L’initiative «Monnaie pleine», qui sera soumise au peuple le 10 juin prochain, entend radicalement transformer le système bancaire suisse. Si elle est acceptée, la BNS obtiendrait les pleins pouvoirs. Décryptage des risques et des enjeux L’initiative «Monnaie pleine», sur laquelle le peuple sera appelé à se prononcer le 10 juin prochain, demande que...

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