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Monthly Archives: September 2011
The problem of constriction
In a previous post I lamented on the information hyperinflation and called for digital noise reduction. Today I would like to point to problem with this approach: By reducing noise you may also narrow your horizon. Source: GannetLocal Digital techniques … Continue reading
The end of the world as we know it
The Greeks are about to go bust; the international financial system about to go broke, a number of banks, and eventually some additional states, too. Too gloomy? We are about to see a number of very unorthodox arrangements to try … Continue reading
Posted in Banks, Politics, PracticalEconomics
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Lazy Greeks are best export promotores of Germany
The Euro is weak because the Greeks (amongst others such as the Italians, Spanish, Irish and other lazy bastards) spend their days doing nothing, sleaze and waste of public money. The weak Euro is a boon for the German exporters. Ergo, are … Continue reading
Posted in Politics, PracticalEconomics
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Villiger & Grübel: Go
With a risk management in place that deserves its name the 2 billion trading loss would not have occurred. It did. After a near collapse of the bank because these systems were crucially missing, the new leadership obviously did not do … Continue reading
Posted in Banks
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Right wing party responsible for EU adhesion
By undercutting the Swiss Central Bank the right wing party SVP actually expedites the Swiss adhesion to the EU. Read more in German.
Posted in Politics, PracticalEconomics
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Swiss banks are unconvincible
Swiss bankers apparently are unable to learn: For three years the Credit Suisse says it has a zero tolerance policy towards tax evasion, and yet the business took place on large scale. Why exactly did senior management not intervene earlier? … Continue reading
Posted in Banks
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Digital noise reduction
“Why Google+ rocks”. Aha. That assertion was brought to me multiple times on consecutive days. Here’s a recent screenshot of my Google+ stream: Same message, twice (additional duplicates omitted to save space). The early praise was all about Google changing … Continue reading
Short note – big impact
Swiss National Bank sets minimum exchange rate at CHF 1.20 per euro A short note and the long decline of the Swiss Franc came to a brisk close. Source: ZKB.ch We may guestimate the consequences.
Posted in Banks, PracticalEconomics
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