SNB & CHF

SpokenTome.Media's Mark E. Jeftovic catches up with Charles Hugh Smith. Topics ranged from PropOrNot's anonymous, unsourced hit piece on ...pretty well everybody, to populism, Yellow Vests, so-called "Democratic Socialism" and a new unicorn farm called "MMT". Since our last episode we've released three more CHS audiobooks.

Young Swedish activist Greta Thunberg and the thousands of young Swiss who are striking for the climate have drawn the public’s attention to air traffic pollution. More and more people are deciding not to fly anymore and some Swiss universities are issuing rules on flights for business and study trips. The phenomenon has been called “flight shame”, from the Swedish “flygskam”, which was on the list of Swedish neologisms for 2018. Here we explain “flight...

Young Swedish activist Greta Thunberg and the thousands of young Swiss who are striking for the climate have drawn the public’s attention to air traffic pollution. More and more people are deciding not to fly anymore and some Swiss universities are issuing rules on flights for business and study trips. The phenomenon has been called “flight shame”, from the Swedish “flygskam”, which was on the list of Swedish neologisms for 2018. Here we explain “flight shame” and get a personal confession...

Swiss Franc The Euro has fallen by 0.10% at 1.1336 EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The S&P 500 snapped a four-day advance yesterday, and equities in the Asia Pacific followed suit. All the markets in the region were lower but in Australia. MSCI’s regional benchmark stalled after reached a four-month high in the...

14.02.2019 – The number of employed persons in Switzerland rose by 0.8% between the 4th quarter 2017 and the 4th quarter 2018. During the same period, the unemployment rate as defined by the International Labour Organisation (ILO) increased slightly by 0.1 percentage points to 4.6%. The EU’s unemployment rate decreased from 7.3% to 6.6%. These are some of the results from the Swiss Labour Force Survey (SLFS). Download...

Brazilian prosecutors alleged Vitol, Glencore and Trafigura and others collectively paid at least $31 million in bribes over a six-year period to Petrobras officials. (Keystone) Pressure is growing on global commodity trading firms with strong ties to Switzerland for their alleged involvement in the “Car Wash” corruption scandal in Brazil. The US Federal Bureau of Investigation is investigating two Vitol executives in...

The banquet of consequences is now being served, but the good seats have all been taken. As I discussed in We’re Overdue for a Sell-Everything/No-Fed-Rescue Recession, recessions have a proximate cause and a structural cause. The proximate cause is often a spike in energy costs (1973, 1990) or a financial crisis triggered by excesses of speculation and debt (2000 and 2008) or inflation (1980). Structural causes are...

Gold prices in pounds and euros as economic growth falters in UK and EU Euro & pound gold tests multi year resistance; likely to surpass due to strong demand   Improved risk appetite sees stocks rise which may be hampering stronger gains for gold Investors concerns regarding trade wars, Brexit, Italexit, the economic outlook and looser monetary policies is seeing robust demand for gold bullion Gold prices broke...

The American political discourse has changed since the 2018 midterm election. Enthusiasm and passion were to be found on the left-wing of the Democratic Party. A new sense of hope and mission replaced the defeatism and cynicism seen in 2016. Some identified with democratic socialism, but in the political rhetoric the broad brush of “socialism” has been used to paint the entire party. The 2020 contest is already being...

The Producer Price Index (PPI) or officially named “Producer and Import Price Index” describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015...