SNB & CHF

Data published this week on 19 July 2022, suggest that 6th wave Covid-19 infections in Switzerland may have peaked. Photo by Anna Shvets on Pexels.com Data published by Switzerland’s Federal Office of Public Health show 46,099 new cases over the 7 days to 18 July 2022. Over the prior 7 days there were 55,339 cases. Recorded cases have dropped 17% week on week. In addition, the number of weekly hospitalisations has fallen from 429 to 227 and deaths from 28 to 18. The...

The reservoir with the elegant dam near Château-d’Oex is one of more than 50 artificial lakes in the Swiss Alps. Keystone/Alessandro Della Bella Switzerland could face electricity and gas shortages in winter despite sufficient supplies at the moment and considerable reserves, experts say. “We’re witnessing the first global energy crisis, with Europe at the centre,” the head of the Federal Office of Energy, Benoît Revaz, told a news conference on Wednesday. He said...

The GDP (gross domestic product) statistic portrays a view that the key driving factor of economic growth is not the production of wealth but rather its consumption. Instead, it is a calculation of the value of final goods and services produced during a particular time interval, usually a quarter or a year. Since consumer outlays are the largest part of the overall demand, it is held by many commentators that consumer spending is the key driver of economic growth....

Jeff Snider This The Worst Bear Market Of All Time Be Ready Jeff Snider is one of the foremost experts on the global monetary system. #jeffsnider#recession#bearmarket#inflation DISCLAIMER : I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented...

Overview:  The euro is over a cent lower from yesterday’s peak, pressured by the drop in the flash PMI composite below 50 for the first time since early last year. More generally, the flash PMIs have shown the global economic momentum is waning, and the bond markets have responded accordingly. The US 10-year yield is flirting with 2.80%, its lowest level in more than two weeks. European yields are 15-20 bp lower and the spread between Italian and German bonds has...

Julius Bär has been charging negative interest on Swiss franc, euro and Danish krona deposits. Keystone / Ennio Leanza Wealth manager Julius Bär has joined a growing list of Swiss banks that will no longer pass on the cost of negative interest rates to clients. The decision to scrap charges from August 1 on Swiss francs, euros and Danish kroner follows an interest rate rise by the European Central Bank this week and a similar move by the Swiss National Bank (SNB) in...

What do the weather and the markets have in common? Quite a bit says this week’s guest! Kevin Wadsworth is a meteorologist-turned-chart analyst who has a lot of interesting insight and predictions into market movements and the price of gold. Kevin joins GoldCore TV host Dave Russell to discuss how he applies his 35 years of experience and methodology to financial markets. He takes us through the range of outcomes he sees for the economy, the US Dollar and precious...

1. Autistic Exchange and Interpersonal Exchange Action always is essentially the exchange of one state of affairs for another state of affairs. If the action is performed by an individual without any reference to cooperation with other individuals, we may call it autistic exchange. An instance: the isolated hunter who kills an animal for his own consumption; he exchanges leisure and a cartridge for food. Within society cooperation substitutes interpersonal or social...

A deal allowing Ukraine to resume its grain exports is urgently needed. The harvest season starts in July, but storage facilities are still full of last winter’s grain. Meanwhile in Somalia, which used to import all its wheat from Ukraine and Russia, hundreds of thousands of people are at risk of famine. Copyright 2022 The Associated Press. All Rights Reserved United Nations and Turkey-led negotiations with Moscow and Kyiv to allow Ukrainian grain exports to resume...

Bear Market and Quantitative Easing With Jeff Snider Jeff Snider is one of the foremost experts on the global monetary system, specifically the eurodollar money system, and all aspects of its misunderstood inner workings and how they impact global markets, commerce, and economy. #jeffsnider#recession DISCLAIMER : I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make....