International



Wednesday 31 July 2024

Scientists solve mystery of DNA damage detection and repair caused by sunlight, alcohol, and pollution - Phys.org.

Crowdstrike (CRWD) "has had an absolutely epic collapse, dropping more than 40% over the past three weeks" - X was Twitter.

From 25 Nov 2016: Site of Bob Newhart’s Former Home for Sale for Almost $26M - Mansion Global. "Earlier this year, a Canadian developer paid $14.4 million for Bob Newhart’s home in Los Angeles’ posh Bel Air neighborhood ... But instead of renovating the house on Amapola Lane, luxury developer Robert Quigg simply knocked it down, got rid of the gardens and lagoon-style swimming pool and has put the 59,500-square-foot lot back on the market for just shy of $26 million, according to the Los Angeles Times."

House prices in San Antonio (blue) stayed with average wage (green), but fell behind total debt per person.




House prices in Long Beach Glendale, Los Angeles (blue) stayed with total debt per person (red), but is 4.0x more expensive to workers than in 1975. Follow the money.





Tuesday 30 July 2024

"Federal regulator says Amazon can be held responsible for faulty goods sold on its marketplace" - X was Twitter.

"Meta agrees to $1.4 billion settlement in Texas biometric data lawsuit" - X was Twitter.

"Texas enacted its FY 2024-2025 biennial budget in June 2023. The budget reported $144 billion in general fund spending and $321.3 billion in total spending over the two-year period, an increase of 11 and 6 percent over the previously enacted biennial budget, respectively." - Urban.org. The increase in local government spending is an indication of inflation, since they tend to offer the same services year after year.

"Nvidia $NVDA has now fallen more than 20% since its all-time high on June 20" - X was Twitter. There are a lot of overvalued stocks.

...."CEO Jensen Huang just sold $27.2 million worth of $NVDA shares. He's now sold more than $450 million worth of shares over the last 6 weeks!" - X was Twitter. The latter is only 0.5% of what he owns: 864M x $111 = $95.9B.

Government usually reduces its debt relative to total debt (blue down) by keeping the amount constant, whilst private debt continues to grow, which increases the overall debt (red) = money supply. Since government debt has now shot to 35% of total debt (blue), enormous growth in the money supply will be required, impoverishing workers, and enriching the wealthy. Or government could raise taxes, which workers also pay for. It is easy to borrow money. Paying it back requires hardship for part of the population. There is no sign of government debt (blue) declining. The problem is just getting bigger.





Monday 29 July 2024

"Apple releases first preview of its long-awaited iPhone AI" - X was Twitter. Do people want AI?

"Sunrun launches the US's first vehicle-to-home power plant using customer-owned Ford F-150 Lightnings" - X was Twitter. To drive around with enough batteries to power your house is another nonsensical idea.

' "It is no coincidence that the one sponsoring this revolting carnival is an emissary of the WEF, Emanuel Macron, who passes off a transvestite as his own wife with impunity, just as Barack Obama is accompanied by a muscular man in a wig." - Statement by Archbishop Vigano following the sacrileges and scandals of the Paris Olympic Games' - X was Twitter.

.... from 20 Jun 2024: Two women go on trial for claiming French first lady is transgender - LeMonde.

US federal government interest payments as ratio of current tax receipts. Debt and interest cost could be waste of money, unless taxpayers benefit from the expenses funded with debt. Since the benefits are funded with money borrowed from the future, the benefits need to offer long term value, like capital projects.





Sunday 28 July 2024

"Honestly, I feel much safer in Warsaw or Prague than in Paris or Barcelona" - X was Twitter.

Broad beans could be the cure to Britain’s blues, says Cambridge research scientist - The Guardian. "It is also known as the fava bean, and under this name it was linked by the ancient Greeks to death and decay. The mathematician and philosopher Pythagoras ordered his followers not to eat them. One reason for this unpopularity arises from the fact that eating fava beans can trigger a disease called favism in a small number of vulnerable people in Mediterranean countries and the Middle East. These individuals can develop a blood disorder known as haemolytic anaemia".


Saturday 27 July 2024

Type of mouth bacteria ‘melts’ some cancers, study finds - Guardian.

Yellen says $3 trillion needed annually for climate financing, far more than current level - Reuters. Politicians are doing the opposite of cooling down earth, as everybody can observe.

Trump, who once trashed bitcoin as ‘based on thin air,’ addresses crypto’s largest convention - CNN. Trump has been bit-ten by the Bitcoin bug, or he is just telling every audience what they want to hear like any politician.


Friday 26 July 2024

Lady Gaga Is Not French — but She Feels a 'Special Connection with French People' as She Sings at Summer Olympics - People. Freak joins freak show.

.... "NEW - French bishops deplore "scenes of mockery of Christianity" during the Olympics opening ceremony." - X was Twitter.

.... "Too all the people who are so rattled about the #ParisOlympics2024 #OpeningCeremony keep an open mind as to what some of the symbolism was." - X was Twitter.

Canada's Government Final Consumption Expenditure divided by Gross Domestic Product (GDP) (blue), and Government Total Expenditure for Canada to Gross Domestic Product (GDP) (red).

"Compared to total expenditures, final consumption expenditures exclude spending on goods and services not consumed during the year, such as investments, and exclude social benefits provided to households which are not tied to the consumption of specific goods and services, such as pension payments." - OECD





Thursday 25 July 2024

Watch this modder convert Windows 10 to Windows 7 in 17 minutes - PCWorld.


Wednesday 24 July 2024

"The world recorded its hottest ever day, as many parts of the Mediterranean face extreme wildfire risks." - X was Twitter. The sentence sums up how the earth regulates its temperature. It is the logical result of smoke-free coal power plants, and clean gas power.

....from 9 Aug 2018: Factcheck: How global warming has increased US wildfires - Carbonbrief. Wildfires should increase with temperature. To lower temperatures require more smoke from other sources.

....A chart of coal-fired power plant SO2 emissions from 1997 (Research Gate) compared to the rise in US temperatures (Climate.gov). Temperatures started to rise in the 1970s when the filtering of smoke from coal plants started.

Canada lowers interest rates (blue). It is below the grow in M3 money supply (red) which determines nominal inflation. Economic output per person relative to oil, an export product (green) is lower than in 1970. The down trend suggest a lower standard of living.





Tuesday 23 July 2024

'U.S. Treasury is thwarting the Fed with ~$800B Billion of "stealth QE" via "Activist Treasury Issuance" (ATI)' - X was Twitter. "Treasury Secretary Yellen rejects claims about "Treasury Stealth QE" made on @ForwardGuidance three days ago" - X was Twitter.

From 12 June: U.S. healthcare spending rises to $4.8 trillion in 2023, outpacing GDP - Reuters. "Healthcare spending in the U.S. is projected to have risen 7.5% in 2023 to $4.8 trillion, federal data showed on Wednesday, outpacing the projected annual gross domestic product growth rate of 6.1%".

....From 1 May: The Financial Stability of America’s Hospitals and Health Systems Is at Risk as the Costs of Caring Continue to Rise - AHA. "Administrative costs constitute as much as 31% of total health care spending — 82% of which can be attributed to billing and insurance."

....United Health Group (UNH) grew revenue by 11.7% per year the last 10 years to $372B in 2023.

....The official growth in Consumer Price Index for All Urban Consumers: Medical Care in U.S. City Average is much lower:





Monday 22 July 2024

Poland's economic output per person relative to US debt/money (blue) has improved 1.9% per year over 33 years. Albania (green) improved 6.3% per year over 31 years. Their output per person is much lower than Ireland (red). These are three exceptions to the usual decline in economic output per person due to money creation without production.





Sunday 21 July 2024

Rare photos of uncontacted Amazon tribes - Reuters. These Biden voters are now stranded.

What New Sports Are Coming to the 2024 Paris Olympics? Look Out for These Competitions - People. The Olympic Games made sense during ancient Greece when people had to run, and fight in battles.


Saturday 20 July 2024

Blocking IL-11 Gene Reduces Inflammation So Mice Live 24% Longer and Healthier - Nextbigfuture.

Watch: Vacuum-footed robot dog cleans up the beach - New Atlas. Expensive technology instead of law enforcement won't stop the decline of civilization.

In the US 6.8% of vehicles are electric (Edmunds). There are 67,000 charging stations (Wired), and 196,643 gas stations (Xmap). Looks inefficient. It is also cheaper to charge at home.

A Tesla Cybertruck weighs 2995kg, compared to a Ford F150 fuel truck 1846kg. That is a lot of extra weight to take with you. If an electric vehicle recharges the batteries during braking, the extra weight doesn't require more energy.

Crowdstrike (CRWD) trades on a price/earnings ratio of 565 (Mactrotrends), and price/sale of 22.8 (Mactrotrends).

"Microsoft has been nagging Southwest Airlines to update its version of Windows since 1992. As a result, the Dallas-based airline was not impacted by the global CrowdStrike outage." - X was Twitter. What happened to back-up systems?


Friday 19 July 2024

"SunPower Corp. plunged to an all-time low after the solar company told dealers it would no longer support new installations and was halting shipments." - X was Twitter. Behold a share price that shot up to $54 in 2021, and is now $1.51. "The tariff rate on solar cells (whether or not assembled into modules) will increase from 25% to 50% in 2024." - The White House.

'Britney Spears is telling the Osbournes to "kindly f*** off" after rocker dad Ozzy called her dancing videos "sad." ' - X was Twitter.

"NOW - Police run away from migrant mob amid violent unrest in Leeds, England." - X was Twitter. We are not amused. The UK ran the anti-apartheid campaign against South Africa, and now they have the riots.

China's economic output per person (red) has improved enormously in two decades, but is much lower than the US (blue). Nations do not get wealthy by being a cheap source of labour.





Thursday 18 July 2024

Do the payments for Taylor Swift music concerts go through the SWIFT global payment system?

US customs duties as a fraction of imported goods and services, which was 2.1% in Q1:





Wednesday 17 July 2024

What the Olympic Games in Paris need is Asterix at the Olympic Games.

It looks like US corporate profits (red) from exports declined after 1970 as Japan's exports (blue) increased. US corporate profits (red) did improve as Japan's exports declined (blue). The profit increase after 2001 was possibly due to US branded goods made cheaply in Asia. Then the high stock market level is dependent on the big profit margin between the two. Asia needs better brands.




US Manufacturers Durable Goods Shipments (blue), and Exports of Goods (red).





Tuesday 16 July 2024

"This is the final straw. Because of this law and the many others that preceded it, attacking both families and companies, SpaceX will now move its HQ from Hawthorne, California, to Starbase, Texas." - Elon Musk, X was Twitter. Plastic straw.

The Wilshire 5000 stock market index is up +24.9% over a year. This must still come through in US inflation. The average house price has not increased the last 2 years, but is +34% higher over 4 years. US interest rates are far too low.

The webpage Historical Returns for the US by Stern.nyu.edu, shows that since 1928 the S&P 500 including dividends grew 7870x, US T Bonds 72.8x, Real Estate 53.6x and Gold 100.4x.

After 2009 bond holders have lost money with bond yields (blue) below the annual growth in household net worth (red). The collapse in net worth in 2008-9 equalized the growth in earlier years. How big must the collapse in net worth be to equalize the gains since 2009?




The US Federal Funds Effective Rate (blue) exceeds the 10 year government bond yield (red) before a recession (grey band), except in the 1950s.




The interest cost of US total debt at the 10 year bond yield (blue), compared to the Gross Domestic Product (red), has returned to 1980-2009 levels. During this period 10y bond yields declined from 15% to 2.5%. Bond yields are now 4.5%.





Monday 15 July 2024

Kia believes it has an edge with electric vans as it preps for its first PBV launch - Electrek

"Auto insurance rates in the US have increased by 48% over the past 3 years." - X was Twitter. The EV's that are written off after a minor accident probably contributed.

"African swine fever outbreaks spreading in Vietnam, government says" - X was Twitter. It is always some-one else's flu.

Since 1971 the US total debt increased 59.5x, and the gold price increased 58.5x. The S&P 500 grew by 52.2x from 1971 to the present. The stock market has kept up with the rate of money creation.

Gold spot price vs S&P 500: historical performance - Curvo.eu. Since 1992 the S&P 500 have shot up relative to the gold price.

In June 2024 the US average wage was $30.05 per hour, equal to 1.3% of an oz of gold of $2326. In 1971 the average wage was $3.62, equal to 9.1% of an oz of gold of $40. Workers earned 7.0x more in gold in 1971.

The average US house price was 682oz gold in 1971, and now 220oz. An investment in gold would have delivered 3.1x more growth than housing. As wages have not kept up with the rate of money creation, the construction cost of housing has also lagged.


Saturday 13 July 2024

"IRS Strikes Gold: $1 Billion Collected From Wealthy Tax Dodgers" - X was Twitter. That is 0.015% of the $6,838.6 billion federal government expenditure (BEA page 102). The wealthy are only surprised once, then they change their investments to avoid the taxes in the future.


Friday 12 July 2024

"The blended revenue growth rate for the second quarter is 4.8% today", "For Q2 2024, the blended (year-over-year) earnings growth rate for the S&P 500 is 9.3%", "The blended net profit margin for the S&P 500 for Q2 2024 is 12.1%" - Factset.

The S&P 500 PE ratio is 29.34 - Multi. The total of growth and earnings yield is still attractive relative to bond yields. If growth stops, then the stock market will be expensive.

"Since World War II, the President of the United States has had sole authority to launch U.S. nuclear weapons, whether as a first strike or nuclear retaliation." - Wikipedia.


Thursday 11 July 2024

Browser speed showdown: Chrome vs. Edge vs. Firefox and more - PCWorld.

Blood fat profiles confirm health benefits of replacing butter with high-quality plant oils - MedicalXpress.

A person who bought a US house 30 years ago with a 100% loan, and only paid the interest, would today have a loan that is 30% of the house value. Inflation is the main reason to own a house.





Wednesday 10 July 2024

"Google parent Alphabet has shelved efforts to acquire HubSpot, putting to bed the prospect of a takeover that would have ranked among the biggest of the year." - X was Twitter. Yahoo and Google should be split up by the US Federal Trade Commission. There appears to be collusion between these two services. The Google search engine is already too powerful in the way it passes judgement on opinions.

Heat wave bakes Texas amid power outages while Canada braces for wildfires - Reuters.

.... July rainfall records have already been broken in the Western Cape - News24. "A series of cold fronts is affecting South Africa, bringing extremely cold conditions, heavy snowfall, and rain."

.... Weekend snow system moves over south-east Australia - Northweststar. "Widespread snow is predicted to fall across three states and the ACT as a massive cold front moves towards the south-eastern part of the country."

Some reserve bank governors are under the impression that lower interest rates lead to economic growth. It only leads to economic growth if the increased debt is matched by increased production. Business debt (red) could expand production. Government debt (purple) and household debt (green) are mostly unproductive. Without the extra production it leads to asset appreciation and inflation.




Up to 1980 the US economy (blue) declined slowly relative to debt despite an enormous rise in interest rates (green). Government expenditure (red) increased. Governments take money from productive people, to provide benefits to people who do not have to work for it, which results in lower economic output.

Lower interest rates (green) after 1980 led to a decline in economic production relative to debt (blue). The increase in debt was obviously not productive.

From 2010 goverment expenditure as fraction of the economic (red) declined, and economic output relative to debt (blue) improved. In 2020 government expenditure shot up, and the economy (blue) collapsed. Economic output relative to debt (blue) has not recovered to the 2019 level.





Tuesday 9 July 2024

Why are Barcelona residents protesting against tourists? - Aljazeera.

The UK has good news and bad news. The good news is private debt has declined to 160.90% of GDP in 2023: Trading Economics. It could be due to high taxes killing private initiative. The bad news is government debt to GDP has increased to 97.60% in 2023: Trading Economics.

Ireland's unemployment rate is 4.3% (blue left). Economic output per person in US$ relative to US total debt as nominal inflation rate (red right) has not declined relative to 1960, unlike the vast majority of countries. It actually grew 0.27% per year. Well, shiver me timbers.




US economic output per person relative to total debt (blue), and UK economic output per person relative to total debt (red):




Ireland's economic output per person (green) is higher than the US (blue) and the UK (red). Ireland government spending to GDP was 22.9% in 2023, down from 64.9% in 2010 (Trading Economics). That confirms the link between lower economic output in other countries, and higher government spending and tax.





Monday 8 July 2024

"WARNING: Everytime this happened, it ended in a recession" (Industrial production contracting) - X was Twitter.

Leftists beat far right in France’s snap parliamentary election - CNN. "The left-wing New Popular Front won 182 seats, while President Emmanuel Macron’s centrist Ensemble alliance won 163 seats. The far-right National Rally and its allies, which took a commanding lead in the first round, slumped to third place due to tactical voting, winning 143 seats."

After the US unemployment rate (blue) increases, corporate profits (red) increases, usually a year later. During recessions (grey bands) profits decline, and staff is reduced. Then more workers are employed (blue down), and profits increase (red up).




Average wage (red) grew at the same rate as corporate profits per worker until 2002. After the dot-com bubble, companies made much more profits per worker, perhaps automation requiring less workers, or the use of cheap labour in other countries, but more likely the technology monopolies that survived the dot-com burst.





Saturday 6 July 2024

New UK leader Starmer declares Rwanda deportation plan 'dead and buried' - Reuters. Skilled visitors who work temporarily are deported, but "asylum" seekers are accepted. Same thing happens in the US were legal immigration is impossible, but people with no particular skills stream across the border.

Biden dismisses age questions in interview as he tries to salvage reelection effort - AP News. This is not unusual. Politicians never recognize their shortcomings.

"To sell statins, we're told cholesterol damages arteries—in reality, it repairs arterial injury. Statins hence don't prevent death and give 20% of users muscle, liver, or nerve damage." - X was Twitter.

"Some of the common statin side effects effects include diabetes, fatigue, memory loss, peripheral neuropathy, myopathy and a myriad of psychiatric conditions (e.g., aggression or depression). The worst side effects include memory loss (or global amnesia), dementia and ALS." - X was Twitter.


Friday 5 July 2024

North Atlantic Ocean Historical Tropical Cyclone Statistics - Colorado State University. The number of hurricanes has increased over 100 years, and still people do not build storm proof houses.

"BREAKING: "We did it!" — Labour leader Keir Starmer, the UK's next prime minister, addresses supporters after Rishi Sunak concedes election defeat" - X was Twitter. It is unclear how a socialist government is going to deal with the 44.5% govenment spending to GDP (Trading Economics).

UK Labour landslide comes at expense of smaller party representation - Reuters. "Nigel Farage's populist right-wing Reform UK party scooped more than 4 million votes, many from former Conservative voters, but only won four seats, while the centrist Liberal Democrats won 71 seats off 3.5 million votes."

.... The UK votes per seat: Labour 23,630, Conservative 56,318, Liberal Democrats 49,295, Reform UK 1,025,527, Green 484,877 (Wikipedia).

Votes in the first round of the France election: "National Rally, the far-right party led by Marine Le Pen and Jordan Bardella" 33.1%, incumbent Macron’s Ensemble coalition 21%, "The New Popular Front, an alliance of the Socialist Party, Greens, and Jean-Luc Mélenchon’s France Unbowed formed after elections were called" 28% (Euronews).


Thursday 4 July 2024

In pictures: Hurricane Beryl devastates Caribbean islands - BBC.

The market cap of the 5 biggest US stocks (Microsoft, Apple, Nvidia, Alphabet, Amazon) is $14.3 trillion, compared to US GDP of $28.3 trillion. Total revenue of the 5 stocks is $1.607 trillion. Price/sales is 8.9.

"Reducing processed #meatIntake could have significant health benefits, study suggests @TheLancet" - X was Twitter. "... reducing ... both processed meat and unprocessed red meat ... by 30% resulted in 1,073,400 fewer diabetes cases, 382,400 fewer cardiovascular disease cases and 84,400 fewer colorectal cancer cases."

Researchers identify 'first responder' cells in pancreas crucial for blood sugar control - MedicalXpress. "We now know there are specific cells that start the glucose response and that Vitamin B6 is essential for this process"

"Italy raided factories & found that Armani and Dior bags are made by illegal Chinese workers in Italy who sleep in the workshop and make €2-3/hr. Both companies have been placed under Italian court administration. " - X was Twitter. Probably also the reason the Roman Empire declined – cheap immigrant labour.

According to a US consumer survey in 2022 average income before taxes increased +7.5%, whilst average annual expenditures increased +9.0% (BLS). The official inflation rate was +8.0%. People cut back on vehicle purchases (-6.9%) and entertainment (-3.1%) to spend more on eating out (+20.1%) and fuel (+45.3%). They spent more on entertainment admissions (+27.4%), but less on entertainment supplies, equipment and services (-24.5%).

....For 2021 income increased +3.7%, and expenditure +9.1%. The official inflation rate was +4.7%.

US exports of goods and services (blue) have not increased relative to total debt (as nominal inflation rate) over 70 years. It did shoot up with high interest rates from 1972 to 1984. Higher interest rates make the economy more efficient, since debt needs to generate more income to pay the interest. China's commodity exports (red) have not increased for 13 years.





Wednesday 3 July 2024

FreeDOS turns 30 and may soon get full support for Windows 3.x - PC World.

FTC warns three PC tech companies of potential warranty violations - PC World. "ASRock, Gigabyte, and Zotac".

"No one has really ever explained why Australia’s electricity prices are hair-raisingly expensive. Let this amazing legendary foreigner @TuckerCarlson explain it to you in one minute 22 seconds." - X was Twitter.

History was created by a much smaller population. The Roman Empire: "At its peak, Rome was the largest city in the world, with a population of 1 million or so" (Khan Academy). London started as a Roman settlement: "The population of Londinium is estimated to have peaked around 100 AD when the population is estimated between about 30,000 and 60,000" (Wikipedia).

Services (blue) makes up 67.6% of US personal consumption expenditure (PCE), and should therefore dominate the inflation basket. Politicians concentrate on goods (red). Limiting cheap imports can only make goods more expensive.




Services: housing and utilities as a fraction of PCE:




Mortgage Debt Service Payments as a Percent of Disposable Personal Income is only 4.0%. People are not spending a lot of money to purchase a house with debt.





Tuesday 2 July 2024

"Syntrichia caninervis can survive extreme cold, drought, and high levels of radiation—the same conditions that exist on the Red Planet." - Twitter was X. If it evolved into a man-eating plant, it would make a good sci-fi reality show.

FTC unanimously moves to block $4 billion merger of mattress giants - CNN. Tempur Sealy’s purchase of Mattress Firm.

"In May 2024, home prices in California were up 9.7% compared to last year, selling for a median price of $859,100. On average, the number of homes sold was up 0.6% year over year and there were 26,823 homes sold in May this year, up 26,656 homes sold in May last year." - California Housing Market - Redfin.

"In May 2024, home prices in Texas were up 0.8% compared to last year, selling for a median price of $356,800. On average, the number of homes sold was down 4.0% year over year and there were 32,058 homes sold in May this year, down 33,370 homes sold in May last year. " - Texas Housing Market - Redfin.

....California houses were 2.4x more expensive.

"Mapped: Median Income by State in 2024" - X was Twitter. CA median income is 2x that of TX. DC has the highest income – politicians and government employees are well paid.

Euro M3 growth (blue) has slowed to -0.8% in Nov 2023. US total debt (red) still grew 3.9% in Q1.

It is difficult to find total debt data for the Euro area. Euro area government debt was €12,732B in Q4 of 2023, up +3.8% over a year (Eurostat) compared to M3 money supply of €16,026B. US federal government debt was $34,587B in Q1, compared to M3 money supply of $20,767B and total debt $99,176B. Just government debt is already bigger than the money supply.

In 2023 private sector debt to GDP (Gross Domestic Product) was 171% in Germany and 268% in France (OECD). Greece private debt was 117%.




Euro Area bond yields (blue) at 3.12% are lower than US bond yields (red) at 4.48%.





Monday 1 July 2024

Does It Cost More To Run An EV Or An ICE? - Forbes. A small electric car (Volkswagen e-Up!) charged at home is £325.6 cheaper per year than diesel travelling 1000km per month. "The Volkswagen e-Up! starts at around £24,000 new — more than £10,000 higher than its petrol equivalent". It would take 30.7 years to break even, or 16.1 years compared to petrol.

Researchers thwart resistant bacteria's strategy - Phys.org.

"Switzerland faced heavy rainfall and thunderstorms for the second weekend in a row, causing landslides, floods and property damage in the mountainous south of the country" - X was Twitter. That is the earth cooling itself down.

The astonishing US federal debt growth by president (Self.inc): Joe Biden 16.7%, Donald J Trump 40.4%, Barack Obama two terms 70.0%, George W. Bush two terms 105.08%, Ronald Reagan two terms 186.36%. Voters just continue to vote for the same two political parties. Other countries have multiple parties that come and go.

The US dollar to Swiss franc exchange rate (red) is at the apropriate level based on the ratio of the US average house price compared to the apparent Swiss house price (blue):






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