Category Archive: 3.) Global News on Switzerland Economist

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Basic Income Arrives: Finland To Hand Out Guaranteed Income Of €560 To Lucky Citizens

2017-01-08

Just over a year ago, we reported that in what was set to be a pilot experiment in "universal basic income", Finland would become the first nation to hand out "helicopter money" in the form of cash directly to a select group of citizens.

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FRIEDMAN: Russia’s Done the US a Favor in Syria

2016-12-29

by John Mauldin

Download the FREE special report “Top 3 Economic Surprises for 2017” from George Friedman: http://bit.ly/2ih5W5n

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Davos Staff May Sleep In Shipping Containers As Billionaires Swarm Resort

2016-12-29

by Tyler Durden

2016-12-29

With January just around the corner, the world's billionaires, CEOs, politicians and oligarchs prepare to take their private planes to Davos, Switzerland for their annual convocation at the World Economic Forum, where they discuss such diverse topics as global warming due to greenhouse gases (which exempts Gulfstream jets) and the dangers of record wealth inequality (which exempts them), while snacking on $39 hot dogs and $50 Caesar salads.

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FRIEDMAN: Energy Prices Will Hit These Two Nations Hard in 2017

2016-12-28

by John Mauldin

Download the FREE special report “Top 3 Economic Surprises for 2017” from George Friedman: http://bit.ly/2ih5W5n

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Credit Suisse Settles With DOJ For $5.3 Billion; Will Pay $2.5 Billion Civil Penalty

2016-12-25

by Tyler Durden

2016-12-25

Shortly after last night's news that Deutsche Bank had settled with the DOJ for $7.2 billion, of which it would pay $3.1 billion in a civil penalty, far lower than the $14 billion number initially speculated (the stock popped as much as 4% before settling just over 2% higher currently), Credit Suisse likewise closed the books on its pre-crisis RMBS fraud when the largest Swiss bank agreed to pay $5.28 billion to resolve a U.S.

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FRIEDMAN: Trump’s Biggest Problem Is Not the Democrats

2016-12-22

by John Mauldin

Download the FREE special report “Top 3 Economic Surprises for 2017” from George Friedman here: http://bit.ly/2ih5W5n

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FRIEDMAN: There’s No Such Thing as Europe Anymore

2016-12-22

by John Mauldin

Download the FREE special report “Top 3 Economic Surprises for 2017” from George Friedman: http://bit.ly/2ih5W5n

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WTI Crude tumbles To $49 Handle, Erases OPEC/NOPEC Deal Gains

2016-12-15

by Tyler Durden

2016-12-15

But, but, but... growth, and inflation, and supply cuts, and growth again... Well that de-escalated quickly... As Libya restarts exports and The Fed sends the dollar soaring so WTI crude prices just broke back to a $49 handle for the first time since Dec 8th.

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Who Has To Work The Longest To Afford An iPhone?

2016-12-13

by Tyler Durden

2016-12-13

How many hours must you work to buy a new iPhone? It varies dramatically around the world, reflecting disparities in productivity and purchasing power. According to a recent report by UBS that aims to measure well-being by estimating how many minutes workers in various countries must work to afford either an iphone, a Big Mac, a kilo of bread or a kilo of rice, the average worker in Zurich or New York can buy an iPhone 6 in under three working days.

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Which Of These Would You Rather Have In Your Safe?

2016-12-10

by Simon Black

2016-12-10

Let’s say you have two equal size safety deposit boxes. One box you completely fill up with stacks of $100 bills. The other box you fill up with gold. Which of the two is “worth” more? It’s easy to calculate. A stack of 100x $100 bills is 6.14 inches long, 2.61 inches wide, and 0.43 inches tall. That’s a volume of 6.89 cubic inches (112.92 cubic centimeters… and we’ll use the metric system from here on out because it really does make more...

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Adoption Of The Euro Has Been ‘Unequivocally Bad’ For Southern European Economies

2016-12-10

by Tyler Durden

2016-12-10

Some say that the common currency prevents less productive economies from cheating by weakening their national currencies and forces them to become more efficient and competitive. Industrial production data shows that it is not the case. Italy, France, Greece and Portugal have not only stopped producing more; they are producing now less than in 1990! The decay started immediately after the introduction of the euro in 2002!

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Global Wealth Update: 0.7 percent Of Adults Control $116.6 Trillion In Wealth

2016-11-23

by Tyler Durden

2016-11-23

Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what is perhaps the biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in its infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash of the past few months suggests that the lower 'levels' of the pyramid are...

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Which Government System Is The Best For People’s Wealth?

2016-11-12

by Tyler Durden

2016-11-12

We have created a map which shows the per-capita GDP based upon the type of government in a country. The larger the country appears on the map, the higher the GDP per capita.

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Former Treasury Secretary Summers Calls For End Of Fed Independence

2016-11-06

by Tyler Durden

2016-11-06

At an event in Davos, Switzerland earlier today, Former U.S. Treasury Secretary, Larry Summers, argued that Central Bank independence from national governments should be scrapped in favor of a coordinated effort between politicians, central bankers and treasury to engineer inflation. Seems reasonable, right?...what could possibly go wrong?

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Jared Dillian: The Morning After The Election and Market Volatility

2016-11-05

by John Mauldin

Subscribe to Jared Dillian’s free weekly column, The 10th Man, at Mauldin Economics: https://goo.gl/pp2W73

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Niall Ferguson: The US Economy Is Approaching an Inflection Point

2016-11-02

by John Mauldin

Download a FREE transcript of Niall Ferguson’s speech from the Strategic Investment Conference 2016 here: https://goo.gl/eLy5bU

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The US and Russia Are Quietly Cooperating in the Middle East

2016-10-21

by John Mauldin

George Friedman writes the free weekly column “This Week in Geopolitics” for Mauldin Economics. Subscribe here: https://goo.gl/epvxkV Each week, you’ll receive an in-depth view of the forces driving events and investors in the next year, decade, or even a century from now.

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A former Wall Street Trader Explains Why He Is Net Short Now

2016-10-19

by John Mauldin

Subscribe to Jared Dillian’s free weekly column, The 10th Man, at Mauldin Economics: https://goo.gl/R0kUcm

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Daniel Hannan – The Right Approach To Brexit

2016-10-18

by Mike Shedlock

2016-10-18

Daniel Hannan, a British member of the European Parliament (MEP), made an eloquent, impassioned speech this weekend on what should take place in Brexit talks. After listening to Hannan on Brexit, regulation and trade, I am certain he would make a far better US president than anyone in the entire field from 18 months ago.

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