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“It begins”: The rise of the digital dollar
Share this articleIn mid-November, while the whole world was focused on the Ukraine crisis, the US midterms or whatever other “big story” the media decided was more important, a truly momentous shift took place in the global financial system. It might seem like a small step on the surface, but it…
The destruction of civilization – implications of extreme monetary interventions
Share this articleWhen I was asked to write an article about the impact of negative interest rates and negative yielding bonds, I thought this is a chance to look at the topic from a broader perspective. There have been lots of articles speculating about the possible implications and focusing on…
Why gold’s recent “silence” is a flashing buy signal
Share this articleThe recent “calm” in the gold market has left many observers, and especially the precious metal’s critics, questioning whether the “safe-haven” thesis still stands or whether its time has passed. In the shadow of the ongoing Middle East conflict and the blockade of the Strait of Hormuz, the yellow metal failed to deliver the…
The real failure of “trickle down economics”
Share this articlePart I of II For decades already, one of the most popular and commonly employed attacks of Keynesians and other left-leaning economists was the one against the idea of “trickle down economics”. They ridiculed the notion that a rising tide lifts all boats or plainly put, the obvious fact…
Corona crisis: the cost of the response – Part II
Share this articleResponding to the response This time around, both central banks and governments have gone “all-in” in their response packages and the scale of the support and liquidity provided dwarf the measures that we saw in the 2008 crisis. Of course, the question remains whether this will all be…
SIX announcing fully end-to-end and fully integrated digital asset trading, settlement and custody service.
Share this articleDear Reader, from time to time I will also share articles, which I found important. The one below just shows that the digitalisation of assets is on its rise in Switzerland. Enjoy the read. Switzerland’s stock exchange – owned and managed by SIX – announced on 6 July…