Tag Archives: Switzerland

A warped manifestation of the fear and greed trade-off that used to characterize investor behavior has developed, according to Bloomberg’s Richard Breslow. Asset managers are exhibiting the manic depressive drive to simultaneously throw caution to the wind, ignoring all risk metrics while plaintively bemoaning the lack of safe havens. S&P 500, 2016 EPS Expectations Fear and greed was a continuum, allowing for an...

Authored by Adam Withnall, originally posted at The Independent, The world is becoming a more dangerous place and there are now just 10 countries which can be considered completely free from conflict, according to authors of the 10th annual Global Peace Index. The worsening conflict in the Middle East, the lack of a solution to the refugee crisis and an increase in deaths from major terrorist incidents have all...

In the long run, as someone once said, we are all dead, but in the meantime, as BofAML’s Michael Hartnett provides a stunning tour de force of the last 5000 years illustrates long-run trends in the return, volatility, valuation & ownership of financial assets, interest rates & bond yields, economic growth, inflation & debt… The Longest Pictures reveals the astonishing history investors are living through...

Opponents of the Swiss Basic Income Initiative demonstrate in front of parliament This weekend the Swiss population was called upon to make a historic decision, when Switzerland became the first country worldwide to put the idea of free money for everyone, technically known as Unconditional Basic Income (of CHF2,500 per month for every adult man and woman, and CHF625 for every child, for doing absolutely nothing) to a vote. As reported previously, the outcome of this referendum would set...

Submitted by Michael Snyder via The End of The American Dream blog, We are watching an entire nation collapse right in front of our eyes.  As you read this article, there are severe shortages of just about anything you can imagine in Venezuela.  That includes food, toilet paper, medicine, electricity and even Coca-Cola.  All over the country, people are standing in extremely long lines for hours on end just hoping that they will be able to purchase some provisions for their hungry...

June 1st marks the official opening of the longest railway tunnel on Earth, cutting through the Alps. Official website. Profile of the rail track between Zurich and Lugano. Report about the contender.

In the FT, John Kay points out that basic income proposals have one major drawback: They are very—expensive. Not everyone agrees. Switzerland will hold a national referendum on the introduction of an unconditional basic income on June 5th, 2016. The supporters of the proposal write: A basic income already exists today. Everyone obtains one from somewhere; otherwise we would not be able to live. In our society today, no one can survive without an income. The level of a basic income is...

Written by Jeff Nielson (CLICK FOR ORIGINAL) Much of what is known as “economic theory” is gibberish. It is propaganda, implanted into the minds of academics for one reason: to preserve the status quo of always favoring the (very) wealthy over all other members of the population. The facets of economic doctrine which are valid, are valid because they do little more than express principles of simple arithmetic and common sense.   “Supply and demand” is just simple arithmetic and common...

Earlier we introduced the Gotthard Base Tunnel, the longest and deepest tunnel in the world. The 35 mile long tunnel which cuts underneath the Alps helps remove natural barriers to trade and tourism, and is undoubtedly a testament to Swiss precision engineering. Interestingly, as Bloomberg reports, the tunnel that was 17 years in the making and had workers on three shifts working around the clock to build, was built primarily by foreigners. Only 14 percent of the workers were from...

Several months ago, as Venezuela’s hyperinflating, imploding economy was spinning in freefall, leading to the dramatic episodes of total social collapse such as those profiled in “Scenes From The Venezuela Apocalypse: “Countless Wounded” After 5,000 Loot Supermarket Looking For Food“, we wrote that the country which recently had “run out of money to print its own money” was preparing to liquidate its remaining gold holdings to pay coming debt maturities. Then, courtesy of an analysis by...