SNB & CHF

The inventory cycle is now really starting to drive home. Market curves had warned in real time that economic deterioration stepped up in November, now the hard data comes behind to validate the moves. Imports crashed, retail inventories slid for third straight month. Both not seen since either pandemic 2020 or late '08/early '09. Eurodollar University's Money & Macro Analysis WSJ: Chip Inventories Swell as Consumers Buy Fewer Gadgets...

[Originally published in the Housing Finance International Journal.] The 21st century, only 23 years old, has already had two giant, international housing bubbles. It makes one doubt that we are getting any smarter with experience. Among the countries involved in the second bubble, both the U.S. and Canada fully participated in the newest rampant inflation of house prices. Prices this time reached levels far above those of the last boom peak. In the U.S., the...

Yuval Noah Harari, professor of history at Hebrew University in Jerusalem, is not only a best-selling author but also a top advisor to Klaus Schwab, founder and front man of the World Economic Forum (WEF). In 2018, Harari wrote: “Unfortunately, ‘free will’ isn’t a scientific reality. It is a myth inherited from Christian theology.” And, in a 2019 interview, Harari said: Humans today are a hackable animal—an animal that can be hacked. . . . Hacking a person means...

Forty years ago, I was worried. I had had the honor of working with Ludwig von Mises. But, not long after his death, the greatest economist and defender of freedom in the twentieth century was being ignored. Some years before, I had worked for the great Neil McCaffrey at his Arlington House Publishers. One day, I was called into his office and asked, “How’d you like to be Ludwig von Mises’s editor?” I was to correct and bring back into print three of the great man’s...

[This piece is an excerpt from Chapter 13 of The Great Reset and the Struggle for Liberty: Unraveling the Global Agenda, to be released January 10, 2023.] This chapter derisively refers to the notorious Great Leap Forward (1958–1961) as the Great Leap Backward. But China’s Great Leap Forward is not the ultimate object of my scorn. That scorn is reserved for the contemporary project conducted by people, who, if they knew anything about history, or cared about its...

We met Lucia Syokau Muli in Makueni, south of Nairobi: she found out she had breast cancer at the age of 27. She explained us how she is dealing with her diagnosis and the challenges she faces accessing treatment. Cost is one of Lucia’s biggest worries, she tells SWI when we meet outside the Empower cancer clinic at the county hospital. The biggest financial strain is the recurring cost of trastuzumab, which Swiss pharma firm Roche sells as Herceptin and is credited with...

GDP rebounded more sharply than previously estimated by the government, yet the same publication also showed a material slowdown in consumer prices. Which is it: boom or bust? Reconciling what otherwise seems to be conflicts in key data. Eurodollar University's Weekly Recap, featuring Steve Van Metre Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com https://www.PortfolioShield.net RealClearMarkets Essays:...

As we enter the holiday season stock owners have been the big losers of 2022, but jobs are still plentiful and nominal wages are rising rapidly. The Wall Street Journal reports “Stiff Demand Drives Gains in Jobs, Wages” (December 4). Faced with a stagnant stock market, nothing bolsters confidence more than the plethora of job openings, seemingly everywhere, and for all types of jobs. The number of job openings is a statistic worth paying attention to as a gauge of...

In Episode 289 of Hidden Forces, Demetri Kofinas speaks with Jeff Snider. Jeff Snider is Chief Strategist for Atlas Financial and co-host of the Eurodollar University podcast where he untangles the inner workings of the global monetary and Eurodollar reserve currency system with implications for policymakers and investors. The public often takes for granted the Federal Reserve’s ability to end economic recessions by engaging in what is popularly referred to as “money...