SNB & CHF

Parliament wants to deal a fairer set of cards to Swiss pensioners. © Keystone / Gaetan Bally Pensions in Switzerland should in future be topped up to fully account for the rising cost of consumer goods, parliament has agreed. Parliament on Monday voted to modify the way payment adjustments are calculated from 2023. Currently, top ups take both inflation and rising wages into account. From the start of next year at the latest, payments should focus purely on...

This morning the UK pound slumped as one of the world’s oldest central banks pressed hard on the panic button. The Bank of England was seen to be shouting ‘Pivot! Pivot! Pivaat!’ as they announced they would temporarily suspend their programme to sell gilts and will instead buy long-dated bonds. In a statement, the bank said that they would be embarking on a “temporary and targeted” bond buying operation. Although we expect it to be about as temporary and as...

What impact does Fed tightening really have on home prices? Doug Terry, Alhambra’s Head of Investment Research, explains. [embedded content] [embedded content] Tags: Alhambra Research,currencies,economy,Featured,Federal Reserve/Monetary Policy,Markets,newsletter,Real Estate,stocks

Jeff Deist: Alex Epstein is our special guest this week. He runs the Center for Industrial Progress, was formerly at the Ayn Rand Institute, and has a background in philosophy. He wrote a famous book called The Moral Case for Fossil Fuels, and followed that up with a new book called Fossil Future. Alex, let me say this book is incredible. Thank you for writing it! I know from the acknowledgements it was quite a difficult task. Alex Epstein: I did the book on fossil...

Sure, the pound is down but what's going on with gilts? Like Walter White, the eurodollar isn't some mild-mannered, middle-aged nothing wasting away with terminal cancer counting down the days, it is Heisenberg creating mayhem, causing destruction, and leaving behind heartache. You know, the stuff that leads to more (global) QEs. Eurodollar University's Money & Macro Analysis Twitter: @JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com...

Interview with Jakub Bożydar Wiśniewski In today’s world, dominated as it is by the ephemeral, the superficial and the inconsequential, it can be hard for a rational, dispassionate observer to make sense of what is going on – politically, socially, economically and philosophically. It is that last aspect that gets the least “oxygen” in mainstream media, in public education and in pretty much all debates and disagreements we grapple with as a society....

Several crucial thresholds were crossed in the week before the flash crash in Britain's pound. China's yuan and India's rupee, two countries with vastly different situations yet both sinking in the same ($) boat along with New Zealanders and also the Brits. But why? It's not about the dollar rising, but what makes it rise. Even Paul Krugman can see it's not the Fed. Eurodollar University's Money & Macro Analysis Twitter: @JeffSnider_AIP eurodollar.university www.marketsinsiderpro.com...

Third quarter of 2022 Report submitted to the Governing Board of the Swiss National Bank for its quarterly monetary policy assessment. The appraisals presented here are based on discussions between the SNB’s delegates for regional economic relations and company managers throughout Switzerland. In its evaluation, the SNB aggregates and interprets the information received. A total of 209 company talks were conducted between 19 July and 6 September. Key points Turnover...

Digital money app Revolut has been approved by the United Kingdom’s Financial Conduct Authority (FCA) to offer cryptocurrency products and services in the country. The company was previously providing crypto buying, selling and trading services under the the FCA’s temporary registration regime which allows service providers to continue operating while their applications were being reviewed. CoinDesk received confirmation from an FCA spokesperson that Revolut has...

NOTE: Our upcoming online Zoom conference “End Inflation and the Fed” kicks off on next Monday, October 3, at 7 p.m. Eastern Time with Richard Ebeling. Richard teaches economics at the Citadel and is co-host of FFF’s weekly Internet show, the Libertarian Angle. He is former president of The Foundation for Economic Education and former Ludwig von Mises Professor of Economics at Hillsdale College. He is also the author of FFF’s book Monetary Central Planning and the...