Obviously, the monetary chaos must not be allowed to continue. Political authorities suggest that things aren’t so bad. According to statistics, exports continue to increase. These are illusions. Turnover means nothing. What counts are profits....

Interesting the discussion about the 'values' of currencies. The Swiss were less costly labor back in the day, now they are very very expensive.

Translation of 1978 interview with the president of GP

By: chmandaue : May 20th, 2026-11:53

Swiss watchmaking was in deep crisis by 1978. But what sort of crisis was it? How did someone helming a luxury brand _in the middle of it_ see things? Link to entire interview: open.substack.com 8 ...

Obviously, the monetary chaos must not be allowed to continue. Political authorities suggest that things aren’t so bad. According to statistics, exports continue to increase. These are illusions. Turnover means nothing. What counts are profits....

By: enjoythemusic : May 20th, 2026-12:41

Interesting the discussion about the 'values' of currencies. The Swiss were less costly labor back in the day, now they are very very expensive.

Yes we forget that

By: chmandaue : May 20th, 2026-13:15

..or some of us never knew it in the first place, that watchmaking moved from London and Paris into Switzerland due to the lower cost of labor. Swiss brands are happy to let anyone think that Swiss watchmaking has always been highly paid artisans hand-pol...

And those crafty Yanks setup mass production with Waltham, etc. Now we have Swiss with 50,000 a year mass production and some think this is rare LOL. That's TWICE as many BMW M3 a year.

By: enjoythemusic : May 20th, 2026-16:55

The Swiss have been great at MARKETING their country of origin as magically adding perceived value as it is 'attached' to making watches. Is the air more refined? Problem is, Swiss labor costs are the highest in the world. This brings oppertunities for us...

Horological Meandering

Obviously, the monetary chaos must not be allowed to continue. Political authorities suggest that things aren’t so bad. According to statistics, exports continue to increase. These are illusions. Turnover means nothing. What counts are profits....

Translation of 1978 interview with the president of GP

Obviously, the monetary chaos must not be allowed to continue. Political authorities suggest that things aren’t so bad. According to statistics, exports continue to increase. These are illusions. Turnover means nothing. What counts are profits....

Yes we forget that

And those crafty Yanks setup mass production with Waltham, etc. Now we have Swiss with 50,000 a year mass production and some think this is rare LOL. That's TWICE as many BMW M3 a year.

Hold up

thanks for the remedial lesson in word choice

thanks for the helpful edit @IWC