SNB & CHF

Overview: Heightened warnings from Japanese officials has helped the dollar steady against the yen, while the euro hugs parity ahead of the outcome of the ECB meeting, where a 75 bp hike is anticipated. Most Asian equity markets rallied in the wake of yesterday’s gains in the US. China and Hong Kong were notable exceptions. Europe’s Stoxx 600 is practically flat as are US futures. The US 10-year yield is softer, a little below 3.25%, while European benchmark yields...

Business executives are bullish on the prospect of the metaverse, predicting sizeable commercial opportunities in taking part in immersive virtual environments. But despite the high level of interest, industry stakeholders are also growing increasingly concerned over the possible risks brought about the concept. Blockchain analytics and crypto-asset compliance solutions provider Elliptic conducted an online survey of 100 of its customers and crypto and finance...

Dan Oliver of Myrmikan Capital joins Keith and Dickson on the Gold Exchange Podcast to talk about the history of credit bubbles, the inevitability of central bank failings, and what history can tell us about the Fed’s current trajectory. Connect with Dan on Twitter: @Myrmikan and at Myrmikan.com Connect with Keith Weiner and Monetary Metals on Twitter: @RealKeithWeiner@Monetary_Metals [embedded content] Additional Resources CMRE.org Myrmikan.com Gold Backwardation...

07.09.2022 – At its meeting on 7 September 2022, the Federal Council adopted the report on the recording of the gender overall earnings gap and other indicators on gender-specific income differences. It provides new key figures for Switzerland and places them in relation to existing indicators. In addition, the report also offers interpretation aids to help place the results in an economic, social and institutional context. Newly available data sources allow for a...

Any city whose lifeblood ultimately depends on hyper-globalization and hyper-financializationwill no longer be viable. The human migration from the countryside to cities has been an enduring feature of civilization.Cities concentrate wealth, productivity and power, and so they’re magnets to talent and capital, offering newcomers the greatest opportunities. Cities are efficient, packing population, productivity and wealth creation into small areas.Slums and sweatshops...

Introduction With my talk, I would like to accomplish three goals: First, I want to explain some sound and time-tested basics of monetary theory. Second, I would like to point out why it is important to have a free market in money; that the battlefront of our time is not between, say, bitcoin, stable coins, gold, and silver, but between government-monopolized fiat monies and a free market in money. And third, I hope to strengthen your conviction that we need a free...

Most Americans don’t that realize diesel fuel is the workhorse of the economy. It’s used everywhere to keep trucks, tractors, ships, freight trains, and factories moving. And that’s just the beginning… In the midst of all this… the electric grid won’t be able to light up like it used to. It will depend more on solar panels and windmills. But in a long spell of darkness and cold, ‘renewable’ power sources are worthless. The remaining...

A revamp of Switzerland’s pension system is set for a popular vote. SWI swissinfo.ch discussed the issue with supporter Andri Silberschmidt and opponent Barbara Gysi. The reform plans encompass two separate proposals to be decided by voters on September 25: the retirement age for women is to be hiked from 64 to 65, while value-added tax in Switzerland is to rise by 0.4%. Opinion polls suggest the result could be tight. They also show that divisions among voters don’t just fall...

Consumer spending continued to rise in the spring, but may dampen as the price of goods picks up. © Keystone / Christian Beutler Switzerland’s economic output slowed to 0.3% between April and the end of June, compared to the first quarter of the year. The manufacturing, construction, trade and financial services sectors all showed signs of weakening in the face of energy shortages and rising inflation. The State Secretariat for Economic Affairs (Seco) reported a...

Overview: While the US dollar appears to be consolidating its recent gains, the Japanese yen and Chinese yuan remain under pressure. Officials seem more concerned about the pace of the move than the level it has reached. New and large fiscal initiatives that the new UK government has floated has failed to change sentiment toward sterling, which is the second weakest major currency today after the Japanese yen. The yen’s weakness did not prevent new losses in Japanese...