SNB & CHF

The first woman in Switzerland ever to be elected to a cantonal parliament was Raymonde Schweizer. This Social Democrat came from the industrial town of La Chaux-de-Fonds in the Neuchâtel Jura. A trade unionist and feminist, she was elected on her first try in 1960, thereby becoming a trendsetter at a time when Swiss women were not even allowed to vote in national elections. Not once but twice was Neuchâtel the setting for key developments in the decades-long exclusion of women...

The subject of time and money has hit a boiling point. Just look at Sri Lanka and Iran, where food riots have turned deadly, or, shall we say, currency riots have. People can’t buy food, and “protesters angry at the soaring prices of everyday commodities including food, have burned down homes belonging to 38 politicians as the crisis-hit country plunged further into chaos, with the government ordering troops to ‘shoot on sight,’” reports invesbrain.com. Murray...

After a roughly CHF 40 billion blow to Swiss public finances due to the Covid pandemic, Switzerland’s financial outlook is beginning to look positive, according to a recent government press release. © Photo4dreams | Dreamstime.com Figures from the Federal Finance Administration (FFA) forecast a surplus of CHF 1.5 billion in 2022, an amount equivalent to 0.2% of GDP. In 2023, a government surplus of CHF 0.6% of GDP is forecast. Government expenditure in Switzerland...

What nobody yet knows (or the few insiders who do know are keeping to themselves) is what will matter. Being a doom-and-gloom Bear stops being fun when the Bear Bar gets crowded. When everyone has moved to our side of the boat, the grizzled Bears get nervous, especially when they peer over at the Bull side of the boat and see a handful of dispirited Bulls ignoring the guy yelling at the bartender to “back up the truck.” The problem old-timers see is what everyone...

On 12 October 2022, Switzerland’s Federal Council announced an increase in state pensions from 1 January 2023 by 2.5%. Photo by Magda Ehlers on Pexels.com The minimum pension with rise from CHF 1,195 to CHF 1,225 per month, while the maximum amount will rise from CHF 2,390 to CHF 2,450 (US$ 2,450). The amount paid in state pension in Switzerland is related to the level of contribution, which relates to salary level and the number years. Swiss state pensions are...

Tbill prices, SOFR, monster repo fails, all these have told us collateral system is hugely impaired. By what? Trouble in Italy. Risks in Eurobonds (which we won't get into here). On top of those are CLOs, which are different in character but not construction from the old toxic waste of subprime mortgages. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com...

With the core CPI rate in the US higher than expected in September, the Fed's next rate hike is on autopilot. Steve Van Metre joins to discuss the CPI data before getting into the growing list of alarming developments that could derail more than just the FOMC. The stock crash in Hong Kong right at the top, Eurodollar University's Weekly Recap, Featuring Steve Van Metre https://www.youtube.com/channel/UCrXNkk4IESnqU-8GMad2vyA Twitter: https://twitter.com/JeffSnider_AIP...

Reminder: Our online conference “End Inflation and at the Fed,” continues this evening at 7 p.m. (Eastern time) with the third talk of our series. Our speaker will be Kevin Dowd, professor of finance and economics at Durham University, much of whose work revolves Austrian and Public Choice economics. The title of his talk is “Central Bank Digital Currencies.” Speaker: Kevin Dowd, professor of economics and finance, Durham UniversityTime: 7 pm – 8 pm Eastern...

▶︎1000x – Enter your Email ▶︎ https://bit.ly/3T5Myd7 ▶︎ Subscribe to this YouTube channel ▶︎ https://bit.ly/CompactSilverNews_subscribe ▶︎ Join the official 1000x Telegram channel! Join us on the road to 1000x: https://t.me/official1000x Keith Weiner is the founder and CEO of Monetary Metals, an investment firm that is unlocking the productivity of gold. Keith also serves as founder and President of the Gold Standard Institute USA. His work was instrumental in the passing of gold...

It is commonly held that prices of goods and services can produced by means of supply and demand curves. These curves describe the relationship between the prices and the quantity of goods supplied and demanded. Within the framework of supply-demand curves, an increase in the price of a good is associated with a fall in the quantity demanded and an increase in the quantity supplied. Conversely, a decline in the price of a good is associated with an increase in the...