News

10.10.2017

Bitcoin's bubble will blow up under government pressure, Harvard professor says

Bitcoin's future is undoubtedly tough to predict. The pundits either believe it will go to the moon or collapse. The latest to join the league of those predicting the demise of Bitcoin is Kenneth Rogoff, a professor of economics at Harvard University. In a blog post in the Guardian, Ken Rogoff writes: "Is the cryptocurrency Bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of Bitcoin will collapse."

 
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10.10.2017

IKEA plans to sell online through marketplaces

IKEA plans to test “open-source” design and full-range town-centre showrooms as part of the furniture retailer’s efforts to adapt to rapidly changing consumer shopping habits. The budget furniture retailer’s strategy will still be based on its out-of-town warehouse stores, where shoppers pick up their purchases, but it also wants to become more accessible, physically and digitally. It has launched trial store formats such as smaller city centre stores, order and pickup-points and – the latest test format – a kitchen showroom in Stockholm’s financial district. 

 
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09.10.2017

ECB: eurozone banks are mostly ready after stress test

Most big eurozone banks are well braced for possible future interest rate rises, the European Central Bank said Monday after running dozens of them through a stress test. On a scale running from a top mark of 1 to the lowest of 4, 60 out of 111 banks scored 1 or 2 in the test, the ECB said. For the first time, the stress test examined how sudden changes in interest rates will affect banks’ income and the value of their assets. Of the other banks, 34 received a mark of 3 and 17 scored a 4.

 
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09.10.2017

Book Review: Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business and the World

 
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09.10.2017

Crash or No Crash, again

The US stock markets have been hitting new highs recently with the result that it seems as if there is hardly any risk involved in investing in US dollar equities. Even if the FAANGs account for most of the north-bound movement and large numbers of companies have seen their quotations headings southwards, Wall Street hype glorifies the advances made so far and the presstitutes follow along like lemmings.

 
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09.10.2017

Nobel Economics Prize: Richard Thaler wins 2017 edition

U.S. economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioral economics, showing how human traits affect supposedly rational markets, the Royal Swedish Academy of Sciences said on Monday. His “Nudge” theory, outlined along with former White House adviser Cass Sunstein, suggests small incentives can prod people into making certain decisions. His work has informed politicians looking for ways to influence voters and shape societies at a time when budget deficits limited their scope to spend. Former U.S. President Barack Obama and former U.K. Prime Minister David Cameron both appointed teams to study if behavioral economics could be used to save their governments money. 

 
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09.10.2017

Switzerland among e-commerce leader, UN says

For the third straight year, Luxembourg has held on to its position atop UNCTAD's ranking of 143 countries' capacity to support online shopping and other business-to-consumer e-commerce. Among the top 10 economies in the 2017 UNCTAD B2C E-commerce Index, seven are European while three are from the Asia-Pacific region. The index, first published in 2015, draws on data on Internet use, secure servers, use of financial accounts (including mobile money accounts) and the reliability of postal deliveries, and shows that e-commerce readiness varies by region.

 
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09.10.2017

ECB considers to regulate Bitcoin within the end of the year

With initial coin offerings getting attention from regulators around the world, European Central Bank governing council member Ewald Nowotny has disclosed that the European Central Bank is looking at putting regulation on the books regarding ICOs. "Bitcoin is not a currency, it is highly speculative and volatile, it is not subject to any supervision either, and the stock market movements of the recent period make it clear,” explains Nowotny speaking in an interview with the Austrian weekly magazine Trend as covered by Bloomberg.

 
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09.10.2017

Oil should continue to retrace during October, before it resumes its uptrend towards year-end.

Following their retracement down during the Spring, China and Industrial metals have been moving up since May. Oil has followed with a lag, and from late June, it has been rallying strongly. Again, following China and Industrial Metals by a few weeks, oil topped out late September. We believe that this is an intermediate top and that from November, at the latest, it should resume up towards year-end.

 
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06.10.2017

Hurricanes effects on US job market, employment fell after seven years

US employment fell in September for the first time since 2010 as hurricanes Harvey and Irma took their toll on the jobs market. The number of Americans filing for unemployment benefits fell more than expected last week, but the continued impact of Hurricanes Harvey and Irma on the data made it difficult to get a clear picture of the labor market. The US jobs market stalled in September, losing 33,000 jobs. It was the first time in seven years that the US monthly total had recorded a fall.

 
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Events


Semptember 2015
  • 19
    Oct

    MGF Fall Edition is Presenting twelve High Growth companies both public and private i

  • 19
    Oct

    "Investire nel mattone" è probabilmente una delle scelte meno rischiose. La casa è un bene rifugio

  • 24
    Oct

    Two years after two historic global agreements were established, leaders and other change agents in

  • 25
    Oct

    Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.

  • 30
    Oct

    The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the

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