Upside risks to wages from IG Metall negotiations
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Author: Frederik Ducrozet
Categories: Pictet Macro Analysis, Swiss and European Macro
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German wage negotiations are in full swing amid growing calls for strikes. This comes at a crucial time for the ECB as strong growth and falling unemployment are expected to feed into higher inflation. IG Metall is by far the most important union to watch, representing almost 4 million German workers and being seen as a benchmark, including in the car industry or the construction sector this year.
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Nestlé to move chocolate research from Switzerland to UK
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Author: Swissinfo
Categories: Swiss Markets and News
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The Swiss food giant Nestlé is transfering its chocolate research centre from Broc in canton Fribourg to York in the north of England. Some 25 jobs are affected but the existing chocolate factory in the Swiss town is not threatened.
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The Next Great Bull Market in Gold Has Begun – Rickards
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Author: Jan Skoyles
Categories: GoldCore
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The Next Great Bull Market in Gold Has Begun – Rickards on Peak Gold And Technicals. ‘Gold is in the early stages of a sustainable long-term bull market’ Rickards. Rickards believes the next bull market in gold will be even more powerful than those of 1971–1980 and 1999–2011. This new rally could send gold $1,475 or higher by next summer thanks to Fed rate hikes. Warns of Peak Gold ‘Physical gold is in short supply. Refiners can’t get enough to meet demand.’.
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It's Time to Retire "Capitalism"
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Author: Charles Hugh Smith
Categories: The United States
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Our current socio-economic system is nothing but the application of force on the many to enforce the skims, scams and privileges of the self-serving few. I've placed the word capitalism in quotation marks to reflect the reality that this word now covers a wide spectrum of economic activities, very little of which is actually capitalism as classically defined.
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As the Controlled Inflation Scheme Rolls On
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Author: MN Gordon
Categories: Debt and the Fallacies of Paper Money
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American consumers are not only feeling good. They are feeling great. They are borrowing money – and spending it – like tomorrow will never come. On Monday the Federal Reserve released its latest report of consumer credit outstanding. According to the Fed’s bean counters, U.S. consumers racked up $28 billion in new credit card debt and in new student, auto, and other non-mortgage loans in November.
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