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SNB & CHF

How Much of “Inflation” Is the Price Being Jacked Up Under the Excuse of “Inflation”?

The problem for global corporations feasting on “Inflation” profiteering is that the vast majority of consumers can’t afford another lavish vacation, overpriced vehicle or specious subscription. A funny thing seems to be happening within “Inflation”: companies are using “inflation” as cover for outrageous price increases that have little to do with actual inflation. Consider a water or electric utility that is directly impacted by rising costs of natural gas / oil....

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“Russian Bad!”

One of the benefits to the U.S. national-security establishment of Russia’s invasion of Ukraine is that it has enabled the U.S. mainstream press to focus on the evils of the Russian regime rather than on the evils of the U.S. regime.  Consider, for example, the invasions and long-term occupations of Afghanistan and Iraq, both of which, most everyone would concede, were riddled with official lies. Given all the attention of the mainstream press on Russia’s invasion...

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The Best Week of the Year Has Never Been More Important

The world today is in crisis. Military aggression in Ukraine has escalated into global economic war, with nations forced to choose between following the lead of an increasingly illiberal West and access to the vital energy and industrial markets of Russia and China. At the same time, the world continues to suffer the devastating consequences of “public health” experts who exploited the coronavirus crisis to pursue their underlying authoritarian impulses. Meanwhile,...

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Swiss government seen as lacking team spirit

Federal Councillors’ trip at Schloessli Woerth in Neuhausen am Rheinfall in Schaffhausen, Thursday, June 30, 2022. Keystone Nearly two out of three Swiss (64%) believe that Swiss government members do not work smoothly together, according to a survey carried out by the Sotomo research institute. The Swiss government consists of the Federal Council which comprises seven members, each of whom heads a ministry. There are clear tensions and rivalries in the executive...

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Swiss Blockchain-Insurtech Jarowa Raises CHF 12.4 Million Series A for Europe Expansion

JAROWA is a Swiss digital marketplace and transaction platform for insurance companies, property managers, and leasing companies to manage their trusted service providers and digital orders more efficiently. JAROWA has successfully closed its Series A funding round, led by Eos Venture Partners, a strategic venture capital fund focused on InsurTech. The proceeds will be used to further expand JAROWA’s offering throughout Europe. Andreas Akeret, JAROWA CEO, stated,...

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When You Can’t Go On by Charles Hugh Smith, Chapter by Chapter

Hear it Here - adbl.co/3OFQ1MB When I burned out, what I wanted but could not find was a practical guide by someone who had experienced burnout themselves. None of the material I found spoke to what I was experiencing or to my sense that our economy is now optimized to burn people out. I decided to write the guide I wanted but could not find. This is my experience of burnout, reckoning and renewal. This book is my account of what helped me. The intended audience is other burnouts and...

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Yen Squeeze Continues

Overview: The US dollar begins the new month better offered. It is softer against all the major currencies. Short yen positions continue to get unwound, which is leading the move, followed  by the Antipodeans, where the Reserve Bank of Australia is expected to hike rates tomorrow. Most emerging market currencies are firmer too, except for a few Asian currencies, the Russian rouble, and, of course, the Turkish lira. Asian and European equities are higher. Japan and...

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Correcting Economists: Term Premiums Nain’t a Thing [Ep. 270, Eurodollar University]

Central bankers use ‘Term Premia’ to cover for their grave, fundamental mistakes: A) not understanding bond markets, and B) putting themselves at the center of the monetary system. ****EP. 270 REFERENCES**** More than Model Error: http://www.marketsinsiderpro.com/ RealClear Markets Essays: https://bit.ly/38tL5a7 Epoch Times Columns: https://bit.ly/39ESkRf ****THE EPISODES**** YouTube: https://bit.ly/310yisL Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN...

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SNB Losses in the News

My written statement for 20minuten: Anlageverluste der SNB sind schlecht für den Schweizer Steuerzahler, denn ihm gehört die SNB. Sie können aber auch Entwicklungen widerspiegeln, die ihre guten Seiten haben. Jetzt zum Beispiel führt die Frankenstärke zu Anlageverlusten, bremst aber auch die importierte Inflation. Die Diskussion um die Höhe der SNB-Ausschüttungen ist vielfach fehlgeleitet. In der Debatte geht vergessen, dass Gewinnausschüttungen das Reinvermögen von...

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