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Swiss authorities to consider blockchain supervision

Swiss authorities to consider blockchain supervision
Author: Swissinfo
Categories: Swiss Markets and News

The federal authorities have set up a special working group to look into how to properly oversee blockchain technologies and initial coin offerings (ICO). The Swiss taskforce is set to report back by the end of 2018. The State Secretariat for International Financial Matters (SIF) announced on Thursday that it had established a blockchain/ICO working group to review the legal framework and to identify any need for action alongside the Federal Office of Justice, the Swiss Financial Market Supervisory Authority (FINMA) and in consultation with the financial sector.

Gold Bullion May Have Room to Run As Chinese New Year Looms

Gold Spot, Oct 2017 - Jan 2018
Author: Mark O'Byrne
Categories: GoldCore

Gold bullion tends to rise January and February before Chinese New Year (see table). Gold is nearly 8% and $100 higher since Fed raised rates one month ago. Options traders are bullish and suggest gold has room to run (see chart). Nervous in short term, positive in medium term – gold at $1,500 in 2018.

The Blatant Dishonesty of the ‘Boom’

China Fixed Asset Investment, June 2013 - Dec 2017
Author: Jeffrey P. Snider
Categories: China

Why do humans tend to behave in herds? It’s a fundamental question that only recently have researchers been able to better understand. On the one hand, it doesn’t take an advanced degree in some neurological science to see the basis behind it; survival for our ancestors often meant getting along with the crowd. There are times when that very trait applies still.

U.S. Unemployment: The Dissonance Book

US Federal Reserve, Jan 2010 - 2018
Author: Jeffrey P. Snider
Categories: The United States

I’ve found the word “dissonance” has become more common in regular usage beyond just my own. Whether that’s a function of my limited observational capacities or something more meaningful than personal bias isn’t at all clear. Still, the word does seem to fit in economic terms more and more as we carry on uncorrected by meaningful context.

Punch-Drunk Investors & Extinct Bears, Part 2

Rydex Bull/Bear Asset Ratio and Total Bear Assets, 2003 - 2018
Author: Pater Tenebrarum
Categories: Debt and the Fallacies of Paper Money

For many years we have heard that the poor polar bears were in danger of dying out due to global warming. A fake photograph of one of the magnificent creatures drifting aimlessly in the ocean on a break-away ice floe was reproduced thousands of times all over the internet. In the meantime it has turned out that polar bears are doing so well, they are considered a quite dangerous plague in some regions in Alaska.