SNB & CHF

Overview: The market is judging China's response to Speaker Pelosi's visit in a mild way and risk appetites returned. Equity markets are higher, even though Chinese shares weakened. Europe's Stoxx 600 is edging higher after two days of small loses, and US futures enjoy a firmer bias. The surge in US rates yesterday has calmed. The US 10-year yield is firm near 2.76% and the 2-year yield is up a couple of basis points near 3.07%. European yields are 4-5 bp higher and...

It’s almost time for the Social Security Administration to break out pencil and calculator to find out how much more it costs to live this year than it did last, and then decide how much of a raise Social Security beneficiaries will get in 2023. For 2022, the Social Security Cost of Living Adjustment (COLA) was 5.9%, the largest increase since 1982. Well, hang on to your hat boys and girls because, in the words of Bachman Turner Overdrive, “you ain’t see nuthin’...

After months of being portrayed as a villain or worse in the mainstream media, Joe Manchin suddenly has become a Democratic Party hero—all because he has declared he will support legislation that he and President Joe Biden claim will “reduce inflation” and give us better weather. Not surprisingly, the New York Times is leading the way in effusively praising the legislation, claiming the bill “would be the most ambitious action ever taken by the United States to try...

in 2021, about 40% of gas consumed in the European Union came from Russia. EU states accuse Russia of squeezing supplies in retaliation for Western sanctions over Moscow’s war in Ukraine. Keystone / Jens Buettner The energy crisis in Europe continues to make headlines in Switzerland. This was reflected in the Sunday press which focused on German pressure on Switzerland to implement a gas saving plan, a petition to speed up hydroelectric projects and a spike in Swiss...

Coercive covid-19 lockdown measures, vaccine mandates, the transition to green energy, and poorly thought out Western sanctions against Russia have all played significant roles in disrupting global food markets and supply chains. In May 2022, data from the UN Food and Agriculture Organization indicated that, relative to twelve months ago, “international wheat prices have increased 56 percent,” “cereal prices are up nearly 30 percent,” and “vegetable oils are 45...

A strong currency exports inflation to those nations which do not issue the currency. Though it’s difficult to be confident of anything in the current flux, I am pretty confident of three things: 1) price is set on the margins 2) currencies are the foundation of every economy 3) the financial forecasts issued to calm the public do not reflect operative geopolitical goals. Every national government has “global interests.” Governments naturally do whatever they can to...

Click here to continue: https://todaystoppicks.com/ebk2 ________________________________ I don't know if you've seen this or not yet... But Stephen Schwarzman, the CEO of Blackstone (America's biggest private equity firm), recently went public on CNN predicting America is about to see serious "social unrest". Schwarzman said: "You're going to get very unhappy people around the world... What happens then, is you've got real unrest. This challenges the political...

Bill Bonner, an ultra-wealthy entrepreneur who started what is probably America's biggest financial research firm more than 40 years ago, has a new prediction: "We are about to enter a very strange period of time in America... What I see on the horizon could be the worst U.S. crisis ever... which could likely be followed by riots and ultimately some form of revolution." In today's video, Bill Bonner recently went public with a full explanation, from one of his three European...

In the case of Italy, it will take a whole lot more – Part I of II When the collapse of the Italian government was officially announced, on July 21, many political observers both in Europe and across the rest of the West, were aghast. If Mario Draghi, the central banking messiah of the entire Old World, the man, the legend, the hero who rescued the Eurozone and its precious made up currency from the brink of complete annihilation, failed to govern Italy,...

Financial guru Bill Bonner has gone public with his fourth and final prediction. He's calling it ‘America's Nightmare Winter.’ https://bit.ly/3zYnC0c Are you ready for it? This is Bill Bonner's fourth and final major prediction. (1) His first big call was back in the 1980s when he warned folks of the imminent Japanese stock crash. (2) His second prediction concerned the dot com bubble in the late 1990s. Again, he was right on the mark. (3) His third warning landed true in...