Tag Archives: newslettersent

JOLTS figures for the month of April 2017, released today, highlight what is in the end likely to be a more positive outcome for them. It has very little to do with the economy itself, as what we are witnessing is the culmination of extreme positions that have been made and estimated going all the way back to 2014. At that time, the BLS in its various data series suggested an almost perfect labor market acceleration...

As the bicycle celebrates its 200th year, advocacy group Pro Velo Switzerland says there is still a lot of unfulfilled potential when it comes to Switzerland’s use of the two-wheeled mode of transport. On June 12, 1817, a German aristocrat named Karl Drais rode 14 kilometres (8.7 miles) on pedal-less wooden beam with two wheels of his own invention. The eponymous contraption, the draisine, was the direct predecessor of...

Companies like Amazon have been forced to review their global tax strategy in light of the BEPS probe (Keystone) Switzerland has officially agreed to a raft of measures to combat the tax avoidance tricks of multinational companies. More than 100 countries have pledged to tackle the so-called base erosion and profit shifting (BEPS) shenanigans. Huge companies, such as Starbucks, Amazon and Fiat, have been publically...

Swiss Franc The Euro has fallen by 0.11%  to 1.0852 CHF. EUR/CHF - Euro Swiss Franc, June 08(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Today has an anti-climactic feel to it. Yesterday’s leak of what is purported to be the ECB staff forecasts point to small downward revisions to inflation forecasts and an ever small upward tweak to growth. This would be in line with only mild changes in the forward...

Yesterday, the price comparison website Verivox published a study comparing mobile phone costs across 13 european countries. On most measures Switzerland was the most expensive, and by a wide margin. A plan including 100 minutes of talk and 1 Go (gigaoctet1) of data per month costs an average of CHF 25 per month in Switzerland. The same thing was significantly cheaper in Spain (CHF 20.70), Denmark (CHF 19.30), France...

by Reuters * Gold prices could see strong intraday volatility – analyst* UK election, Ex-FBI director testimony, ECB meeting set for later in the day* Downside for gold is “limited” (especially in sterling) Gold held steady on Thursday as investors awaited cues on market direction amid a number of geopolitical events later in the day that could boost the safe-haven demand for the metal. Gold prices in UK sterling...

China’s PMI’s were uniformly disappointing with respect to what Moody’s was on about last week. Chinese authorities expended great effort and resources to get the economy moving forward again after several years of “dollar”-driven deceleration. There was a massive “stimulus” spending program where State-owned FAI expenditures of about 2% of GDP were elicited to make up for Private FAI that at one point last year was...

In seinem Standpunkt „Wie entsteht Geld“ (Inside Paradeplatz vom 31.5.2017) bekräftigt Marc Meyer seine These, dass die herrschende Geldschöpfungstheorie grundlegend falsch sei, weil sie auf Goethes Mephisto basiere. Schon vor vielen Jahren hat sich Meyer für eine alternative Theorie der Geldschöpfung eingesetzt. Dass er deswegen seine Stelle verlor und ein Leben lang vom Arbeitsmarkt der Banken ausgeschlossen wurde,...

Swiss Franc The euro is higher at 1.0854 CHF (+0.06%). EUR/CHF - Euro Swiss Franc, June 07(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Tomorrow may be the most important day of the quarter for investors. The ECB meets. The UK goes to the polls. Former FBI Comey testifies.  Ahead of these significant events, the global capital markets are mostly quiet, with some pockets of activity. The US dollar is...

- Click to enlarge The world’s first commercial plant to extract carbon dioxide at industrial scale from the air and sell it directly to a buyer opened near Zurich on Wednesday. The machine pipes the gas to a nearby greenhouse to help grow vegetables. The Swiss firm Climeworks external linkturned on the so-called ‘Direct Air Capture (DAC)’ plant in the farming village of Hinwil, Switzerland. The plant aims to...