Posts Tagged ‘Switzerland’

US Ranks Fourth In Global Competitiveness

US Ranks Fourth In Global Competitiveness

Courtesy of JESSE’S CAFÉ AMÉRICAIN

I think the biggest surprise for US readers might be how high the US ranks in global competitiveness, and the countries that rank the highest. And of course there is the absence of China in the top ten. Shocking when viewed through the lens of an artificially managed-to-the-dollar currency pair.

Obviously having low paid and poorly treated workers is not the primary qualification for global competitiveness, at least in this national scaling. But it does seem to be a preoccupation of a significant portion of the Anglo-american crony capitalist elements which have never quite reconciled themselves to the laws against indentured servitude.

GenevaLunch
World Economic Forum Competitiveness Report: US falls to 4th place 
10 September 2010

Geneva, Switzerland – Switzerland leads the pack, with Sweden and Singapore in second and third places respectively, and the United States in fourth in the latest edition of the World Economic Forum (WEF) Competitiveness Report, published Thursday 9 September. The US has slipped two places, after being overtaken in 2009 by Switzerland. The WEF attributes the lower ranking to “In addition to the macroeconomic imbalances that have been building up over time, there has been a weakening of the United States’ public and private institutions, as well as lingering concerns about the state of its financial markets.”

The report uses two sources: publicly available data and a survey of business leaders, with 13,500 business people in 139 “economies” queried for this year’s report. It contains more than 100 indicators for each country, part of the detailed country reports. “The survey is designed to capture a broad range of factors affecting an economy’s business climate. The report also includes comprehensive listings of the main strengths and weaknesses of countries, making it possible to identify key priorities for policy reform,” notes the WEF press release on the new report.

Nordic countries remain strong, says the WEF, with four of them in the top 15: Sweden (2), Finland (7), Denmark (9) and norway (14). China “continues to lead the way among the top developing countries” according to the report: it improved two places and is now ranked 27.

North African countries are competing more strongly, with several of them in the top 50.

Switzerland ranked number one in several areas in


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Swiss Minister: UBS At Risk Of Collapse If America Plays Hardball With Tax Evasion Case

Swiss Minister: UBS At Risk Of Collapse If America Plays Hardball With Tax Evasion Case

UBS - clusterstock Courtesy of Vincent Fernando at Clusterstock

Swiss mega-bank UBS could collapse if the U.S. plays hardball with its tax fraud investigations. 

If true, it’s a pretty sad admission about the state of UBS right now. Perhaps the end is near for the ‘Swiss model’ of banking, by which we mean Swiss tax evasion services.

AFP:

"The actions of UBS in the United States are very problematic. Not just because they are punishable but also because they threaten all of the bank’s activities," Eveline Widmer-Schlumpf told Le Matin Dimanche newspaper.

"The Swiss economy and the job market would suffer on a major scale if UBS fails as a result of its licence being revoked in the United States," she said.

Read more here >

 


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The Chinese Disconnect?

The Chinese Disconnect?

Courtesy of Leo Kolivakis at Pension Pulse
 


A follow-up to my last comment on the death-defying dollar. In his NYT op-ed column, Paul Krugman writes about The Chinese Disconnect and notes the following:

Many economists, myself included, believe that China’s asset-buying spree helped inflate the housing bubble, setting the stage for the global financial crisis. But China’s insistence on keeping the yuan/dollar rate fixed, even when the dollar declines, may be doing even more harm now.

Although there has been a lot of doomsaying about the falling dollar, that decline is actually both natural and desirable. America needs a weaker dollar to help reduce its trade deficit, and it’s getting that weaker dollar as nervous investors, who flocked into the presumed safety of U.S. debt at the peak of the crisis, have started putting their money to work elsewhere.

But China has been keeping its currency pegged to the dollar — which means that a country with a huge trade surplus and a rapidly recovering economy, a country whose currency should be rising in value, is in effect engineering a large devaluation instead.

And that’s a particularly bad thing to do at a time when the world economy remains deeply depressed due to inadequate overall demand. By pursuing a weak-currency policy, China is siphoning some of that inadequate demand away from other nations, which is hurting growth almost everywhere. The biggest victims, by the way, are probably workers in other poor countries. In normal times, I’d be among the first to reject claims that China is stealing other peoples’ jobs, but right now it’s the simple truth.

So what are we going to do?

U.S. officials have been extremely cautious about confronting the China problem, to such an extent that last week the Treasury Department, while expressing “concerns,” certified in a required report to Congress that China is not — repeat not — manipulating its currency. They’re kidding, right?

The thing is, right now this caution makes little sense. Suppose the Chinese were to do what Wall Street and Washington seem to fear and start selling some of their dollar hoard. Under current conditions, this would actually help the U.S. economy by making our exports more competitive.

In fact, some countries, most notably Switzerland, have been trying to support their economies by selling


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It's taken thousands of years, but Western science is finally catching up to Traditional Knowledge

 

It's taken thousands of years, but Western science is finally catching up to Traditional Knowledge

A team of researchers in northern Australia have documented kites and falcons, “firehawks,” intentionally carrying burning sticks to spread fire: It is just one example of western science catching up to Indigenous Traditional Knowledge. James Padolsey/Unsplash

Courtesy of George Nicholas, Simon Fraser University

Our knowledge of what the denizens of the animal kingdom are up to, especially when humans aren’t around, has steadily increased over the last 50 years. For example, we know now that animals use tools in their daily lives. Chimps use twigs to fish for...



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Zero Hedge

'Ring Of Fire' Quake-Cluster Prompts Scientists To Warn Of "Large Rupture Sooner Than Later"

Courtesy of ZeroHedge. View original post here.

Earlier in the week we reported on scientists' warnings over the "strained" magma chamber within Yellowstone's supervolcano.

...



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ValueWalk

Charlie Munger At DJCO Advice For Parents And Teachers

By Jacob Wolinsky. Originally published at ValueWalk.

Charlie Munger shares his advice for teachers and parents at DJCO meet in 2018, on a question asked by Vishal Khandelwal of SafalNiveshak.com

]]> Get The Full Series in PDF

Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.



My name is the Vishal. I come from India. My friend who told me to come here said that you are not getting any younger, but I think he was wrong when I se...



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Digital Currencies

As Bitcoin Nears $11,000, Here's A History Of Its Biggest Ups And Downs

Courtesy of ZeroHedge. View original post here.

The cryptocurrency rebound off Feb 5th's bloodbath lows (below $6,000 for Bitcoin) has been impressive, as a 'mysterious' massive buyer 'bought the dip' and momentum took care of the rest.

With Bitcoin now nearing $11,000 (almost a double off the lows), ...



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Insider Scoop

Walmart, Target Are Susquehanna's Top Picks Ahead Of Retail Earnings Season

Courtesy of Benzinga.

Related WMT Upcoming Earnings: Hurricane Effects Still Trickling Through For Home Depot? Did Walmart Meet It...

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Chart School

Rallies Continue But Still Considered Relief Bounces

Courtesy of Declan.

The bounces playing out for markets still have the look of relief bounces - at least until technicals confirm net bullishness.

However,  long opportunities present themselves. For the S&P, price action looks to be confirming a double bottom which should be enough to see a challenge of 2,873. Today's volume was lighter which suggests the rally from here will be a struggle but 'climbing the wall of worry' will suit bulls at this point.


The Nasdaq played out a similar move to the S&...

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Biotech

What is 'right to try,' and could it help?

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

 

What is 'right to try,' and could it help?

In this March 18, 2011 photo, Cassidy Hempel waved at hospital staff as she was being treated for a rare disorder. Her mother Chris, left, fought to gain permission for an experimental drug. AP Photo/Marcio Jose Sanchez

Morten Wendelbo, Texas A&M University and Timothy Callaghan, ...



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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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