“Only when the last tree has been cut down, the last fish been caught, and the last stream poisoned, will we realize we cannot eat money.”
― Cree Indian Prophecy
Or for that matter, gold!
1 Like
Store it in booze. You get more percent, first alcohol, then money.
In my youth I had to organize the financials of a bar we did open during the festivities of my wife’s village in Spain. The retired owner of a bar sold us the booze for supermarket price minus 10%. His attic was full of booze cartons, some of it more that 30 years old. There still were some price tags for literally 3 cents a bottle.
The owner said he never trusted banks, but he trusts the state to make booze more expensive and he trusts the people to drink more. So he invested all his life savings there. And made more than in the stock market… and could drink nice 30-year old booze.
3 Likes
UBS is getting lean. Other companies are cutting too. Unemployment numbers showed some relief in Feb 2026 when open positions increased, but current incertitude will probably kill this.
From Swiss work stats, unemployment stopped increasing in February but the rising trend from last year is still there.
There’s some criticism that people in RAV is not a good statistic. No prob, the unemployment as defined by International Labor Office (ILO) is getting close to COVID times. The last data point is Q42025, no issues with energy prices yet here. Even the Q12026 data point won’t catch the rising energy costs yet.
So, buckle up. This will get interesting. We’ll see who’s up to the high seas and who’s a Zuri lake captain.
Back to my favorite populist media…pride comes before a fall. Tertiary sector companies are cutting employees now because it’s easier. These business adapt faster to changes. But no one’s immune to a slow down. Once the order backlog dries up, specialty carpenters will start wondering what happened.
UBS died like 25 years ago when they buried the best brand ever, PaineWebber, “No Paine, no gain!”. The complete U.S. investments did not pay a single Cent. To UBS that is, the old management retired as billionaires.
Lucky there are some Eastern investors/States which always throw a lifebuoy whenever UBS fucks up too much. Like right now, being the most expensive Swiss bank and taking in the second most expensive Swiss bank with a lot of uncovered skeletons in the closet.
1 Like
A UBS fuckup? WHAT?
Are you referring to the Union Bank of Singapore?
And as usual, the recovery will direct more wealth to the richer and away from the poor.