SNB & CHF

Overview: Hopes that the global tightening cycle is entering its last phase supplied the fodder for a continued dramatic rally in equities and bonds. The euro traded at par for the first time in two weeks, while sterling reached almost $1.1490, its highest since September 15. The US 10-year yield has fallen by 45 bp in the past five sessions. Yet, the scar tissue from the last bear market rally is still fresh and US equity futures are lower after the S&P 500 had...

The energy crisis is causing electricity prices to soar across Europe, including in Switzerland. But the impact on the country is very unequal because of specific characteristics of its market. The sharp rise in electricity prices has delivered a heavy blow to the European market, which has been fully liberalised since 2007. States are being forced to delve deep into their coffers to support households and businesses. Voices questioning the wisdom of fully opening...

Today’s intellectual framework considers government spending to be the solution to any economic and social problem. Be it helicopter money to households and businesses during the pandemic, subsidies for electric cars, or debt forgiveness to students, the government generosity must be growth and welfare enhancing by definition. Government spending is even more praised if it is labeled an “investment” in green projects, in industries making countries self-sufficient in...

Swiss National Bank monetary policymaker Andrea Maechler is speaking at 1130 GMT, at an event titled: After the interest rate change: high inflation, rising interest. How will it affect the Swiss economy? In September: SNB raises policy rate by 75 bps to 0.50%, as expected EUR/CHF has been recovering from its recent lows: . [embedded content]...

Rumors spread wildly on social media that Emperor Xi had been replaced. Canceled airline flights, generals replaced, Xi missing for two weeks. The coup wasn't real, but what made it seem possible was - a fella by the name of Song Ping. Really what Song "represents" about China's past, possibly the world's future. Eurodollar University's Money & Macro Analysis Articles discussed in this video:...

Kiyosaki wurde vor allem durch sein Buch Rich Dad Poor Dad berühmt. In diesem Finanzbuch für jedermann geht es darum, wie auch Menschen mit einem Durchschnittseinkommen reich werden können. Inzwischen scheint für den Autor auch Bitcoin zu einer Finanzstrategie zu gehören, die reich machen kann. Bitcoin News: Robert Kiyosaki rät zum Kauf von BitcoinKiyosaki hatte in der letzten Woche vor einem Anstieg des Leitzinses durch die Zentralbanken gewarnt. Er ist sich auch...

Kiyosaki wurde vor allem durch sein Buch Rich Dad Poor Dad berühmt. In diesem Finanzbuch für jedermann geht es darum, wie auch Menschen mit einem Durchschnittseinkommen reich werden können. Inzwischen scheint für den Autor auch Bitcoin zu einer Finanzstrategie zu gehören, die reich machen kann. Bitcoin News: Robert Kiyosaki rät zum Kauf von BitcoinKiyosaki hatte in der letzten Woche vor einem Anstieg des Leitzinses durch die Zentralbanken gewarnt. Er ist sich auch...

LIBOR was called a crime of the century when its real crime was exposing the truth. Money is eurodollars, not dollars. But in the guilty bureaucrats' push to cover all this up by replacing LIBOR with SOFR, they refused to understand how SOFR is not a suitable alternative. Now it's breaking down just the way authorities had been warned; at the worst possible time, too. Eurodollar University's Money & Macro Analysis Articles discussed in this video:...

Overview: The big bond and stock market seen yesterday has continued today. The Reserve Bank of Australia’s reversion to a quarter-point hike stokes hope that the aggressive tightening cycle more broadly is set to slow. The UN’s Conference on Trade and Development became the latest to warn that the synchronized tightening risks a global recession and a prolonged period of stagnation. The large equity markets in the Asia Pacific region rose 2.0%-3.75%.  Europe’s Stoxx...

SIX Digital Exchange (SDX) announced the addition of SIX SIS to its Central Securities Depository (CSD), making it the first regulated CSD to have direct access to SDX. The addition is expected to increase the accessibility of natively digital CHF-denominated bonds to the wider market and enable investors to purchase a digital bond and hold it in SIX SIS. SDX offers issuance, listing, trading, settlement, servicing, and custody of digital securities. The platform is...