Tag Archives: newslettersent

The ABB plant in Meyrin, Geneva. (Keystone) The ABB electronics group announced on Monday the offshoring of up to 150 positions from its Geneva production centre, while Roche is cutting 235 people in canton Aargau. Employees and trade unions reacted angrily. Rumoured to be in the works for some weeks, the Zurich-headquartered ABB group announced on Monday that it would be relocating positions from its Geneva plant to a...

While Bitcoin bulls will probably never have it so good as they have in 2017, we wonder whether many of them have stopped to think about the environmental downside of this roaring bull market. After all, back in the dot.com boom, people had ideas about potential internet businesses, issued pieces of paper representing ownership and watched their prices go parabolic parabolic. All it took was a Powerpoint presentation,...

This interaction will spark a runaway feedback loop that will smack asset valuations back to pre-bubble, pre-pyramid scheme levels. According to the conventional economic forecast, interest rates will stay near-zero essentially forever due to slow growth. And since growth is slow, inflation will also remain neutral. This forecast is little more than an extension of the trends of the past 30+ years: a secular decline in...

  A Flawless Flock of Scoundrels One of the fringe benefits of living in a country that’s in dire need of a political, financial, and cultural reset, is the twisted amusement that comes with bearing witness to its unraveling.  Day by day we’re greeted with escalating madness.  Indeed, the great fiasco must be taken lightly, so as not to be demoralized by its enormity. Symphony grotesque in Washington [PT] - Click to...

USD/CHF EUR/CHF Euro / Swiss Franc FX Cross Rate, November 06(see more posts on EUR/CHF, ) Source: markets.ft.com - Click to enlarge USD/JPY [embedded content]>> USD/JPY with Technical Indicators, November 06(see more posts on USD/JPY, ) - Click to enlarge EUR/USD [embedded content] EUR/USD with Technical Indicators, November 06(see more posts on EUR/USD, ) - Click to enlarge GBP/USD...

Politicians, business directors and companies in Switzerland are among those connected to the so-called Paradise Papers, a massive trove of leaked offshore investment documents. There is currently no evidence of any legal wrongdoing. One of the most interesting names for the Swiss authorities is convicted criminal Jean-Claude Bastos, the Swiss-Angolan founder and CEO of Quantum Global Group, an international investment...

Today, gold is increasingly viewed by German investors as a regular form of saving: 25% of those surveyed in 2016 said their gold purchase had been part of a regular review of their investments, while 23% said it was part of their retirement planning. We should all learn some German If we are to believe Western media then this year’s decision by various central banks to start unwinding easy monetary policy is a signal...

Swiss Franc The Euro has fallen by 0.11% to 1.164 CHF. EUR/CHF and USD/CHF, November 02(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates We suggested the market was at crossroads. It is still not clear if the dollar’s breakout, supported by higher yields is real or simply the fraying of ranges. Asia has pushed the dollar  broadly lower. While the greenback finished the North...

[Part of a series on the Swiss economy and society.] The enigmatic independence of Switzerland is perhaps best demonstrated in the fact that its healthcare system manages to satisfy both free marketers and the statist-socialists in the country. It is a giant social safety net woven by individual responsibility and self-made wealth. Health insurance is almost entirely consumer-based, though there are strict cantonal...

– Italy’s Veneto banking meltdown destroyed 200,000 savers and 40,000 businesses – EU bail-in rules have wiped out billions for savers and and businesses, with more at risk  – Bail-ins are not unique to Italy, all Western savers are at risk of seeing savings disappear –  Counterparty-free, physical gold bullion is best defence against bail-ins - Click to enlarge One of Italy’s twenty regions is calling for more...