SNB & CHF

The phrase "great replacement" has been increasingly thrown around by both conservatives and progressives in recent years. Conservatives claim the "great replacement theory" explains deliberate efforts by regime operatives to replace non-Hispanic whites with various groups of Hispanics and non-whites. Progressives, on the other hand, claim it is all a racist conspiracy theory.  I won't bore you with the details of the present political debate, but the idea that one...

In response to the Israeli assault on Gaza, the Houthis (Ansarallah) of Yemen have retaliated by launching at least six drone attacks directed at Israel and attacking Western ships passing through the Red Sea. By the looks of it, their attacks have been quite successful thus far: Israel’s Eilat port alone has seen an 85 percent drop in shipping activity. To the United States, these actions of resistance and support of the Palestinian cause only present another...

🗞️3 news stories from Switzerland this week: 📺 Swiss public television has decided to stop broadcasting films starring French actor, Gérard Depardieu: https://www.swissinfo.ch/eng/explainer--swiss-television-s-blacklisting-of-g%C3%A9rard-depardieu/49109480 🚫 The Swiss government has announced that it will enforce a new definition of rape in July: https://www.swissinfo.ch/eng/from-coercion-to--no-means-no---switzerland-updates-its-definition-of-rape/49119364 🐺 Dead Swiss wolf...

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss immigration. While many libertarians have adopted an absolutist open borders position on immigration, there are a number of other factors that should be considered. Ryan and Tho look at the case of small states and the issues raised by government intervention. "Why Open Borders Don't Work for Small Countries" by Ryan McMaken: Mises.org/RR_168_A "Mises on Nationalism, the Right of...

Investieren unterscheidet sich grundlegend vom bloßen Spekulieren oder dem Hoffen auf schnelle Gewinne, wie man sie vielleicht in einem Casino erwarten könnte. Es geht vielmehr darum, durchdachte und informierte Entscheidungen zu treffen, die auf einer langfristigen Perspektive und einem Verständnis des Marktes basieren. Für Neulinge in der Welt der Finanzen kann dies eine Herausforderung darstellen, aber mit den richtigen Werkzeugen und Kenntnissen ist es ein...

Whenever an economy falls into a recession, many economists point out that the economic slump means there will be idle capital and labor. Resources that could be employed are now unemployed because the economic slump has softened aggregate demand for goods and services. So-called experts believe the government must increase the overall demand in the economy since stronger demand will permit idle resources to be employed again. Hence, many economists recommend that...

Overview: Stocks and bonds are trading higher, and the dollar is narrowly mixed ahead of the December US CPI report. Most of the large bourses in Asia Pacific advanced, led by Japan to new 30-year-plus highs. Hong Kong's Hang Seng snapped seven-day slide to post its first gain of 2024. Europe's Stoxx 600 is up about 0.33%, to recoup most of its losses in the past two sessions. US index futures enjoy a modest upside bias. Benchmark 10-year yields in Europe are off...

“Who controls the past now, controls the future. Who controls the present now, controls the past.” That is from “Testify,” a song by newly minted rock ‘n’ roll Hall of Famers Rage against the Machine. I don’t know if Phillip W. Magness of the American Institute for Economic Research is fan enough to be familiar with that, but I bet he knows the original source: George Orwell’s 1984. Whether or not it informed a recent study he coauthored is unclear, but that line has...

Two weeks ago, I wrote an article laying out the political class’s struggle to preserve its legitimacy by fighting to regain control over the digital information space. The piece built on Martin Gurri’s thesis that the wide adoption of the internet has caused an information revolution that, similar to the adoption of the printing press, has allowed dissent to grow and spread beyond the control of the ruling classes. The results have been political shocks like the...

Overview: The broad consolidation in the dollar after the gyrations at the end of last week continues, and within it the greenback is a bit softer today. Among the G10 currencies, only the yen is failing to post gains. Most emerging market currencies, led by central Europe, are also firmer today. A notable exception is a handful of Asian currencies, include the South Korean won, Taiwanese dollar, and the Philippine peso. The market's focus is on tomorrow's US CPI....