SNB & CHF

Overview: The markets have returned from the weekend with a greater appetite for risk. Equities and bonds are rallying, and the dollar is better offered. China, Hong Kong, South Korea, and Indian bourses advanced. Mainland shares edged higher even though Zhengzhou, a city of one million people, near an iPhone manufacturing hub was locked down due to Covid. Europe’s Stoxx 600 is up nearly 0.5% to extend its recovery into a third session. US futures are trading a...

SHOW NOTES: https://www.whatbitcoindid.com/podcast/how-the-us-dollar-shortage-is-driving-global-instability Jeff Snider is co-host of the Eurodollar University podcast and Head of Global Research at Atlas Financial Advisors.. In this interview, we discuss the crazy possibility that nobody knows what money is, and as a result, nobody knows how to run or fix the economy. Central banks and governments are essentially engaged in a high risk game of pretend. THIS EPISODE’S SPONSORS:...

When a person is free to work, shop, and invest, he brings to each task his knowledge from doing the other tasks. As he works, he has a sense of what it takes to please customers, because he’s also a customer. As he shops, he has a sense of what workers can do for him, because he’s also a worker. As he invests, he has a sense of who adds value best, because he also works to add value and shops for value. Deadtime Makes Economic Control Hard for Everyone Government...

Cornelia Ritz Bossicard leads swissVR, an independent Swiss association of board members. She explains the role that boards of directors and their members play in steering businesses. A director of the board for several companies, Bossicard became president of swissVR in 2018. The aim of swissVR is to strengthen the skills of Swiss boards by offering a forum for sharing experiences, organising company visits, publishing surveys and reports, and providing...

In 2021, 82% of mothers in Switzerland were economically active, according to data published by the Federal Statistical Office (FSO) this week. Photo by Karolina Grabowska on Pexels.com The rate of mothers working in 2021 (82%) was 22 percentage points higher than it was in 1991 (60%). At the same time fathers were not working at a significantly lower rate. In 2021, 97% of fathers with children aged 15 or under were in the workforce, compared to 99% in 1991. Two...

Markets were rather volatile last week. That’s a wild understatement and what passes for sarcasm in the investment business. Stocks started the week waiting with bated (baited?) breath for the inflation reports of the week. It isn’t surprising that the market is focused firmly on the rear view mirror for clues about the future since Jerome Powell has made it plain that is his plan, goofy as it is. Stocks were down slightly Monday and Tuesday fearing the worst and...

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 Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com...

By nearly any measure one chooses, the dollar is historically rich. When it does turn, it would likely be dramatic. That is what happened after the stronger-than-expected US CPI figures. However, the lack of follow-through is what one would expect if the greenback’s bull move was intact.Still, we expect the dollar’s super-cycle is entering a new phase. The market has practically priced in a 5.0% terminal Fed funds rate, and we suspect that it needs clear guidance...

In my previous article on the college problem, I discussed the cultural factors that have contributed to the falling value of a university degree, which I hoped would show that we cannot reduce the decline of higher education to public policy failures. However, bad policy has been a major contributor to the problems plaguing the university system, both at the federal and state levels. President Joe Biden’s plan to eliminate up to $20,000 of student loan debt for...

So Ben Bernanke has won a Nobel Prize for kicking a can down the road! Many will have heard the saying ‘those who do not learn from history, are doomed to repeat it’. It is often attributed to Churchill, but he was in fact quoting George Santanya. We prefer the Stephen Hawking quote, ‘“We spend a great deal of time studying history, which, let’s face it, is mostly the history of stupidity.” as this feels more apt in this day and age. Below we outline the Nobel-prize...