swiss

While we kicked back on Australia Day with tongs in one hand and a stubbie in the other, it also marked the first day of the annual World Economic Forum in Davos, Switzerland. This junket brings together a couple of thousand politicians, business leaders, intellectuals and journalists to jawbone the financial problems of the world [...]

Yesterday, RBA Assistant Governor Guy Debelle spoke at the “Risk Australia Conference” in Sydney.
The one-day conference, which would have cost those interested, up to USD$2,800 to attend, was held at the plush surroundings of the Hilton Hotel in Sydney.
Among the sponsors of the “Risk Australia” conference was Credit Suisse. Credit Suisse, of course, is [...]

The SNB can neither squash gold, nor (yet) destroy its own currency. But not for lack of trying…
GOOD JOB that gold bullion is just an inert lump of metal and holds no grudges.
Because twice in the last decade, the value of gold in the Swiss National Bank’s vaults has nearly halved as a proportion of [...]