SNB & CHF

Most economists see GDP as a snapshot of the performance of the economy. However, it is better understood as a misleading statistic which fails to accurately describe what really is happening economically. Original Article: “GDP Provides a False Reading of the State of the Economy” 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...

These measures, intended to mitigate a risk of liquidity problems at Sberbank (Switzerland), will remain in force until September 1 © Keystone / Michael Buholzer The Swiss financial regulator (FINMA) has extended previously imposed protective measures at the Zurich-based subsidiary of Russian bank Sberbank. These measures, intended to mitigate a risk of liquidity problems at Sberbank (Switzerland), will remain in force until September 1, 2022, FINMA said in a...

Asset manager BlackRock has selected cryptocurrency exchange platform Coinbase to provide the institutional clients of Aladdin®, BlackRock’s end-to-end investment management platform, direct access to crypto starting with bitcoin. Coinbase Prime will provide crypto trading, custody, prime brokerage, and reporting capabilities to Aladdin’s institutional client base who are also clients of Coinbase. Built for institutions, Coinbase Prime integrates advanced agency...

Rate Hike Will Worsen Recession And Economic Growth Jeff Snider Bear Market 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...

He went to law school at Georgetown with Fed chief Jerome Powell in the 1970s… Then built the largest publishing empire of its kind, with more subscribers than the Washington Post and The Wall Street Journal combined. Along the way he’s written three New York Times bestselling books. As perhaps the most anti-social ‘rich guy’ in America, he rarely makes public appearances, instead retreating to his 100,000-plus acres in South America… his two centuries-old...

Overview: Strong gains in US equities yesterday and easing fears following Pelosi’s visit to Taiwan helped lift most Asia Pacific equities, with Hong Kong leading the way with a 2% rally. Taiwan, Australia, and India did not participate in the regional rally. The Stoxx 600 is edging higher today. It was flat on the week through yesterday. US futures are a little firmer. The greenback is offered against the major currencies led the Antipodeans. The Japanese yen...

Wann immer es um die Kontrolle über den Finanzmarkt geht, scheinen die beiden großen Parteien in den USA kein Problem damit zu haben, schnelle Einigkeit zu erzielen. In einem von beiden Parteien unterstützten Entwurf geht es mal wieder darum, den Cryptocoin-Markt unter staatliche Aufsicht zu stellen. Crypto News: Nächster Versuch einer Cryptocoin-Regulierung aus den USADie sogenannte CFTC (Commodity Futures Trading Commission) soll dem Markt übergeordnet werden,...

Libertarians have a reputation for denigrating traditional American institutions. They deride the Superbowl as “sportsball,” sneer at mass-market entertainment as “bread and circuses.” It goes deeper than that. As Mises Institute president Jeff Deist says: While libertarians enthusiastically embrace markets, they have for decades made the disastrous mistake of appearing hostile to family, to religion, to tradition, to culture, and to civic or social institutions—in...

Credit and debit cards are more popular than cash payments the survey has confirmed. Keystone/Martin Ruetschi A new survey has confirmed a growing role of debit and credit cards as popular payment method in Switzerland. Some 52% of respondents in a survey said either of the cards were absolutely indispensable for them, the independent online comparison service, moneyland.ch, said. The share of respondents who prefer cash dropped to 30%, down 4% on the previous year,...

The Fascist Boogeyman awakes again The threat of a far-right takeover has been around for at least three decades in Europe and Italy has been one of the best “candidates” for the “beginning of the end” since the last European crisis ten years ago. Back then it was the Lega, led by Salvini, that fueled the scaremongering campaigns of the mainstream press, labeling every conservative policy point as basically pure fascism. Of course, none of those grim...