Tag Archives: Politics

It would appear that the central planners of the Bank of England have very short or very selective memories. After adopting unprecedented easing measures during the covid crisis and after supporting the government in its efforts to flood the economy with fresh cash during that same period, the central bank has put itself in a particularly unenviable position.  With inflation soaring and living costs exploding for most consumers and taxpayers, hiking interest rates was the only way...

It would appear that the central planners of the Bank of England have very short or very selective memories. After adopting unprecedented easing measures during the covid crisis and after supporting the government in its efforts to flood the economy with fresh cash during that same period, the central bank has put itself in a particularly unenviable position.  With inflation soaring and living costs exploding for most consumers and taxpayers, hiking...

Overview: Equities were mostly higher in the Asia Pacific region, though Chinese and Hong Kong markets eased, and South Korea and India were closed for national holidays. Despite new Chinese exercises off the coast of Taiwan following another US congressional visit, Taiwan’s Taiex gained almost 0.85%. Europe’s Stoxx 600 is advancing for the fourth consecutive session, while US futures are paring the pre-weekend rally. Following disappointing data and a surprise cut...

The Fascist Boogeyman awakes again The threat of a far-right takeover has been around for at least three decades in Europe and Italy has been one of the best “candidates” for the “beginning of the end” since the last European crisis ten years ago. Back then it was the Lega, led by Salvini, that fueled the scaremongering campaigns of the mainstream press, labeling every conservative policy point as basically pure fascism. Of course, none of those grim scenarios actually...

The Fascist Boogeyman awakes again The threat of a far-right takeover has been around for at least three decades in Europe and Italy has been one of the best “candidates” for the “beginning of the end” since the last European crisis ten years ago. Back then it was the Lega, led by Salvini, that fueled the scaremongering campaigns of the mainstream press, labeling every conservative policy point as basically pure fascism. Of course, none of those grim...

In the case of Italy, it will take a whole lot more – Part I of II When the collapse of the Italian government was officially announced, on July 21, many political observers both in Europe and across the rest of the West, were aghast. If Mario Draghi, the central banking messiah of the entire Old World, the man, the legend, the hero who rescued the Eurozone and its precious made up currency from the brink of complete annihilation, failed to govern Italy, then those “crazy...

In the case of Italy, it will take a whole lot more – Part I of II When the collapse of the Italian government was officially announced, on July 21, many political observers both in Europe and across the rest of the West, were aghast. If Mario Draghi, the central banking messiah of the entire Old World, the man, the legend, the hero who rescued the Eurozone and its precious made up currency from the brink of complete annihilation, failed to govern Italy,...

It all became very clear to me sitting out there today, that every decision I’ve ever made, in my entire life, has been wrong. My life is the complete opposite of everything I want it to be. Every instinct I have, in every aspect of life, be it something to wear, something to eat… It’s all been wrong. Every one. – George Constanza If every instinct you have is wrong, then the opposite would have to be right. – Jerry Seinfeld From the Seinfeld episode “The Opposite” I...

An article published by RTS presents data that shows men outnumber women among the leaders of 20 of Switzerland’s 26 largest state affiliated companies. Photo by Pixabay on Pexels.comLike in much of the developed world politicians in Switzerland are pushing to get more women into top spots. Switzerland’s Federal Council has said it aims to have 40% of leadership positions in state affiliated companies filled by women before 2023. Currently, this objective looks out of reach. Out of the...

Part II of II, by Claudio Grass, Hünenberg See, Switzerland “Reverse currency wars”? Although the parity event may have captured the attention of the mainstream financial press and most western citizens, there’s a much bigger shift that has been going on in the background, which received much less coverage. We are all familiar with the concept of a currency war. In essence, it is basically one of the most crude examples of governments colluding with their central banks (the...