SNB & CHF

Again the petroyuan. There isn't a day goes by when someone isn't shouting about the dollar's imminent demise and most often they say it has to do with China and oil. The world's current reserve currency system may be reaching the end of its useful life, but I assure you it has absolutely nothing to do with either of those. In fact, the only reason the thing has stuck around is because of what a real reserve currency is and what is has to do. Eurodollar University's Money & Macro...

Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We’re supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist the US has never defaulted, and that default be a disaster. (That’s wrong, by the way. The US has defaulted before.) But these debt ceiling debates always end the same way. Congress ends up increasing the debt ceiling and the US’s national debt...

The line for the self-checkout registers at my neighborhood Albertsons stretched into the store’s produce section. Is this human progress? I wondered, scanning my groceries—this just after I had filled my car’s gas tank at a not-so-convenient convenience store near work. Not long ago, someone not only pumped your gas and cleaned your windshield but also checked your oil and tire pressure while you waited comfortably behind the wheel of your car. Gas retailers were...

Overview: The US dollar is mostly softer today against the G10 currencies, with the notable exception, yen, Swiss franc, and sterling. The risk-on mood is seen in the foreign exchange market with the Antipodean and Scandi currencies leading the move against the greenback. The yen has fallen by about 1.3% this week, leading losers, while sterling's 1.1% gain puts it at the top. Despite the poor showing of US equities yesterday, risk appetites returned and most of the...

Pharmaceuticals giant Roche, whose towers dominate the Basel skyline, is the top ranked Swiss company in this listing. © Keystone / Michael Buholzer Swiss pharmaceuticals group Roche, logistics company Kühne+Nagel and luxury goods group Richemont are among the world’s top 100 family businesses, according to a study by EY Switzerland. Sixteen Swiss-based family businesses are among the world’s top 500, a figure that has remained stable over the past two years,...

It’s that time again when the US government has to prepare itself for an internal battle to raise the debt ceiling so it can meet various obligations. This is a merry dance that has been danced before, as we mention below. For sure, every time it happens fewer and fewer people are convinced of the trustworthiness of the US dollar. This combined with the recent announcement by Saudi Arabia of its willingness to consider trading in currencies other than the US Dollar...

The Producer and Import Price Index fell in December 2022 by 0.7% compared with the previous month, reaching 108.5 points (December 2020 = 100). Compared with December 2021, the price level of the whole range of domestic and imported products rose by 3.2%. Average annual inflation in 2022 reached +5.6%. These are the results from the Federal Statistical Office (FSO). Average annual inflation for 2022 corresponds to the rate of change between the annual average for...

Overview:  Yesterday's string of dismal US economic data delivered a material blow to those still thinking that a soft-landing was possible. Retail sales by the most in the a year. Manufacturing output fell by nearly 2.5% in the last two months of 2022. Bad economic news weighed on US stocks. The honeymoon of New Year may have ended yesterday. The US 10-year yield fell below 3.40% for the first time since the middle of last September. The Atlanta Fed's GDPNow...

WARNING! You Should Know Why The Markets Are Preparing For The Worst Breakdown - Jeffrey Snider Educate my audience about free market economics and the principles and benefits of individual liberty, limited government, and sound money. These are America's founding principles, guaranteed by the U.S. Thanks For Watching Our Video 🤗 Please, like, comment, subscribe, and ring the bell! EVERYTHING helps us grow!. Subscribe Here: 🙏 +++Disclaimer +++ Information presented on this channel is...

Should the wealth effect reverse as assets fall, capital gains evaporate and investment income declines, the top 10% will no longer have the means or appetite to spend so freely. Soaring wealth-income inequality has all sorts of consequences. As many (including me) have noted, the concentration of wealth and income in the top 0.1% has enabled the few to buy political influence to protect their interests at the expense of the many and the common good. In other...