SNB & CHF

The combination of covid lockdowns, money pumping, and attempts to force a new green economy are taking their toll. This is not going away any time soon. Original Article: “It’s Not Just the USA: The Economic Instability Is Global” The actions of the authorities in developed countries, essentially an extension of the Keynesian economic policy discourse, have brought the economies into disrepute. These actions consist of immense stimulus and virtually unfunded...

The annual meeting of the World Economic Forum (WEF) in Davos is perhaps the world’s most unpopular conference, and the WEF’s founder and chairman, Klaus Schwab, one of the world’s most despised figures. Often compared to “Dr. Evil,” the character Mike Meyers played in the Austin Powers series, and routinely likened to a James Bond supervillain on the internet, Schwab is seen as a messianic megalomaniac leading a nefarious cabal of world leaders and corporate heads...

Overview: The recent equity rally is stalling. Asia Pacific equities were mixed, with Japan, South Korea, and Australia, among the major bourses posting gains. Europe’s Dow Jones Stoxx 500 is slipping lower for the second consecutive session, ending a four-day bounce. US equity futures are little changed. The US 10-year yield is edging higher at 2.86%, while European yields are slightly lower. The greenback is firm against most of the major currencies. The Australian...

Another economic discussion lost to the eventual coronavirus pandemic mania was the 2019 globally synchronized downturn. Not just downturn, outright recession in key parts from around the world, maybe including the US. We’ll simply never know for sure because just when it was happening COVID struck and then governments overrode everything including unfolding history. What anyone can say for sure is that 2019 hit a rough patch where there was only supposed to have...

Only those societies which still have a functional public interest / common good will survive; those ruled by the tyranny of self-interest will fall. I’ve discussed the moral rot consuming the American Project in blog posts and my books. This moral rot–perhaps better described as civic decay–is so pervasive and ubiquitous that we are forgiven for assuming “this is the way it’s always been.” This inability to discern the rot is the result of the gradualness of the...

A Selection from The Historical Setting of the Austrian School of Economics. 1. The Beginnings What is known as the Austrian School of Economics started in 1871 when Carl Menger published a slender volume under the title Grundsätze der Volkswirtschaftslehre. It is customary to trace the influence that the milieu exerted upon the achievements of genius. People like to ascribe the exploits of a man of genius, at least to some extent, to the operation of his environment...

In this Video we discuss... the obvious PONZI-nomics of Stablecoins. This was filmed a week prior to the Decimation of LUNA/UST and all of the Do Kwon carnage that has followed. * This Video originally released on Emil Kalinowski & Jeff Snider's "Making Sense" Youtube Channel which is the best in the business of Macroeconomics and Fed-speak. https://www.youtube.com/c/EmilKalinowski News - Research - Prices - ICO's - Check us out on Money Map Press for Money Morning Live:...

Der als Dogecoin-Clone gestartete Meme-Coin Shiba Inu (SHIB) sorgte zum Beginn der Woche für Aufsehen. Allerdings ging es diesmal nicht um eine Preis-Rallye, es ging um den Gründer des Cryptocoins. Denn dieser verschwand am Montag aus dem Internet. Crypto News: Shiba Inu Gründer verschwindet aus dem InternetDer Gründer hatte am Montag seine Tweets und Posts im Zusammenhang mit SHIB gelöscht, so dass sich viele Nutzer fragten, was gerade hinter den Kulissen passiert....

Stocks had a rip snorter of a rally last week and a lot of people are pondering the question in the title over this long weekend. The S&P 500 was down 20.9% from intraday high (4818.62, January 4th) to intraday low (3810.32, May 20th). From that intraday low the market has risen 9.1% in just six trading days. That still leaves the market 13.7% from the intraday high and most investors still down double digits on the year (-11.5% for the standard 60/40 portfolio)....

Switzerland wants to update its 2014 free trade agreement with China, but Beijing refuses to talk, owing to criticism of its human rights record, report the NZZ am Sonntag and SonntagsBlick newspapers. Bern wants to reduce customs duties for more Swiss products and introduce sustainability aspects into the agreement, but Beijing has been refusing to talk since 2018, writes the NZZ am Sonntag. The State Secretariat for Economic Affairs (SECO) confirmed to the paper...