Tag Archive: newslettersent

SWISS expands Zurich flights, fears airport restrictions

2017-12-06

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2017-12-06

Switzerland’s national airline has enjoyed a profitable year and expects continued success, but its chief executive says restrictions at Zurich Airport are making it difficult to meet passenger demand. Thomas Klühr, the head of the Lufthansa-Group-owned Swiss National Airlines SWISS, told the NZZ am Sonntag newspaper that developments such as the bankruptcy of German carrier Air Berlin have led to increased demand for certain European routes.

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What’s the Point? Precious Metals Supply and Demand Report

2017-12-06

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2017-12-06

Crystal Ball
Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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The Cost Basis of our Economy is Spiraling Out of Control

2017-12-06

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2017-12-06

US Healthcare Spending, 1960 - 2010
What will it take to radically reduce the cost basis of our economy? If we had to choose one "big picture" reason why the vast majority of households are losing ground, it would either be the stagnation of income or the spiraling out of control cost basis of our economy, that is, the essential foundational expenses of households, government and enterprise.

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FX Daily, December 05: Sterling Sold on Negotiating Snafu, Aussie Bounces on Retail Sales and RBA

2017-12-05

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2017-12-05

The US dollar is confined to narrow ranges against the euro and yen, straddling unchanged levels in the Asian session and the European morning. The action in elsewhere. The British pound is the weakest of the majors, paring 0.4% against the greenback, though around $1.3425, it can hardly be considered weak. A month ago, sterling was a few cents lower. Still, its gains reflected two things: broader dollar weakness and optimism on Brexit talks.

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Weekly Technical Analysis: 04/12/2017 – USD/CHF, GBP/USD, EUR/GBP, GBP/JPY, GBP/CAD

2017-12-05

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2017-12-05

USD/CHF, December 05
USD/CHF, GBP/USD, EUR/GBP, GBP/JPY, GBP/CAD

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Frustrated Investors File Lawsuits Against World’s Largest ICO

2017-12-05

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2017-12-05

2 persons
ere's the latest sign that the massively fraudulent ICO market is headed for a collapse. Tezos’s investors are still waiting to learn when they can expect to receive the digital tokens that they paid a premium for during the company’s record-setting crowdsale. But as reports of abuse, internal strife and outright embezzlement have surfaced in the press, three groups of angry investors have filed class action lawsuits accusing the company of fraud...

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Study shows Swiss soils are suffering

2017-12-05

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2017-12-05

A first nationwide report on the health of Swiss soils has shown that virtually all are polluted and that the resource is not being put to sustainable use. The report, published Thursday by the Federal Office for the Environment in collaboration with the offices for agriculture and spatial development, brings together information about soil health that until now has been gathered in isolation through separate cantonal or regional research projects.

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What Gives Cryptocurrencies Their Value

2017-12-05

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2017-12-05

Number of Bitcoin Transactions
The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to What Backs Bitcoin, I want to dig into that value. The idea, which comes from Austrian economist Carl Menger, is that just as a shovel’s value comes from its ability to dig, a currency’s value comes from its ability to help you do two things: transactions and savings.

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The Complete Idiot’s Guide to Being an Idiot

2017-12-05

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2017-12-05

Trump
There are many things that could be said about the GOP tax bill. But one thing is certain. It has been a great show. Obviously, the time for real solutions to the debt problem that’s ailing the United States came and went many decades ago. Instead of addressing the Country’s mounting insolvency, lawmakers chose expediency without exception. They kicked the can from yesterday to today.

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FX Daily, December 04: US Dollar Marked Higher After Senate Passes Tax Reform

2017-12-04

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2017-12-04

The US dollar opened higher in Asia and retained those gains through the European morning. The greenback has recouped most of the pre-weekend losses recorded in the wake of the indictment of a fourth former Trump Administration official by the special investigation into Russia's involvement in last year's election. However, two weekend developments seemed to blunt the impact of the guilty plea and admission of cooperation.

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FX Weekly Preview: Politics may Continue to Overshadow Economics

2017-12-04

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2017-12-04

The new monthly cycle of high frequency economic data has begun. The manufacturing PMI shows the synchronized global recovery is continuing. The service sector and composite PMI will be reported in the week ahead. They are unlikely altering the general expectation for robust growth in Q4.

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UBS launches world’s first performance-based healthcare investment

2017-12-04

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2017-12-04

The Zurich-based UBS Optimus Foundation has announced the launch of the first Development Impact Bond (DIB) in the field of healthcare. If successful, it could save over 10,000 lives in India. The foundation, which is the philanthropic arm of the Swiss bank UBS, will invest a total of $3.5 million (CHF3.45 million) to help reduce mother and infant mortality rates in the state of Rajasthan in northwestern India.

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Emerging Markets: Preview of the Week Ahead

2017-12-04

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2017-12-04

EM FX ended the week on a mixed note. US jobs data may refocus market attention on Fed tightening. Most EM inflation readings this week are expected to show easing price pressures, supporting a dovish EM central bank outlook. The major exceptions are Mexico and Turkey, whose central banks may be forced to tighten policy in the coming weeks.

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Low Cost Gold In The Age Of QE, AI, Trump and War

2017-12-04

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2017-12-04

Gold Prices, 2002 - 2017
‘Fear and Loathing In the Age of QE … AI’ is a presentation given at Mining Investment London earlier this week. Stephen Flood, CEO of GoldCore presentation (28 minutes) was well received at the conference which is a strategic mining and investment conference for leaders in the mining and investment sectors, bringing together attendees from 20 countries.

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Stock Market 2018: The Tao vs. Central Banks

2017-12-04

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2017-12-04

Asset Prices vs GDP, 1992 - 2016
The central banks claim omnipotent financial powers, and their comeuppance is overdue. will be the first to admit that invoking the woo-woo of the Tao as the reason to expect a reversal of the stock market in 2018 smacks of Bearish desperation. With everything coming up roses in much of the global economy, there is precious little foundation for calling a tumultuous end to the global Bull Market other than variations of nothing lasts forever.

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Beer sales slowly dry up in Switzerland

2017-12-03

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2017-12-03

Swiss beer fans can enjoy an increasingly diverse selection(Keystone/Angelika Warmuth) The amount of beer consumed in Switzerland declined last year, as it did for wine. Yet the number of specialist craft microbreweries continues to rise. Between October 2016 and September 2017, the Swiss drank 461 million litres of beer (54.5 litres per person) – down 0.2% on the previous reporting period, according to the Swiss Breweries...

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Swiss village offering to pay people to live there inundated with applications

2017-12-03

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2017-12-03

After the Swiss mountain village of Albinen hatched a plan to pay parents (CHF 25,000 each) and children (CHF 10,000 each) to move there, it has been inundated with applicants. Articles about the offer have been published by Time, The Sunday Times, The Sun, El Pais, and many other publications. Rather than celebrating, the picturesque town’s administration is unhappy. It published a statement on its website accusing the media of false reports that...

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Bitcoin Tops $10,100 – Fed’s Powell Says “Cryptocurrencies Just Don’t Matter”

2017-12-03

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2017-12-03

LiteCoin Price in USD, Mar - Nov 2017
Update: Cryptocurrencies are widely bid tonight with Bitcoin over $10,150, Ether holding $475, and LiteCoin topping $100 for the first time. Bitcoin has now soared over 20% since Black Friday's close, topping $10,000 for the first time in history (rising from $9,000 in just 2 days)... now up over 950% year-to-date.

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Own Gold Bullion To “Support National Security” – Russian Central Bank

2017-12-03

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2017-12-03

Putin
We own gold bullion to “support national security” – Russian Central Bank. Russia warns Washington: Confiscating fx reserves would be “declaration of financial war”. Russia has quadrupled its gold bullion reserves in decade. BRICs discussing ‘the possibility of establishing a single (system of) gold trade’. Russia, China & maybe Saudi Arabia form alliances to unseat petrodollar. Putin warns state-owned and private companies: be ready for rapid...

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Did Anyone Do Even a Minimal Check on the Sensationalist Bitcoin Electrical Consumption Story?

2017-12-03

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2017-12-03

Total Global Energy Consumption
Check the context before uncritically accepting sensationalist conclusions. Let's start with a primer on how to write a sensationalist story that can be passed off as "journalism:" 1. Locate credible-sounding data that can be de-contextualized, i.e. sensationalized. 2. Present the data as "fact" rather than data that requires verification by disinterested researchers.

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