SNB & CHF

Price inflation has been accelerating upward since April of last year. Yet the Fed has done virtually nothing. What’s the Fed waiting for? Original Article: “With Inflation at a 40-Year High, the Fed Is Too Afraid to Act” According to the Bureau of Labor Statistics (BLS), Consumer Price Index (CPI) inflation rose 7.5 percent in January, year over year. This was, the BLS notes, the “largest 12-month increase since the period ending February 1982.” Moreover, The...

The 1947-48 experience was truly painful, maybe even terrifying. The US and Europe had just come out of a decade when the worst deflationary consequences were so widespread that the period immediately following quickly erupted into the worst conflagration in human history. Then, suddenly, consumer prices skyrocketed and it left many Americans wondering if there would ever be an end to the massive volatility. At its peak in March 1947, the US CPI had gained 19.67%...

Dear Readers, the following post has been published on the 3rd of March 2014. Due to the recent historical events we are reposting it, conscient of the prescience of the meanwhile passed author, Pater Tenebrarum. Michael, Editor Russian Troops in the Crimea John Kerry is appropriately aghast at the “incredible act of aggression” by Russia in the Ukraine: “You just don’t in the 21st century behave in 19th century fashion by invading another country on completely...

In this video with Marc Chandler we talked about the geopolitical turmoil and the supply chain disrution as a result of the war in Ukraine. We talked about how war in Ukraine is disrupting the main products that are exported by Ukraine (agricultural products) and the products that are sold by Russia (especially natural gas and oil). We talked about the central banks policies responding the the higher inflation and higher commodities prices. We talked about the currencies that gained and lost...

This week, 171,085 new Covid-19 cases were reported in Switzerland, up 42% from the 120,901 cases reported a week earlier. In addition, the reported number of Covid-19 patients hospitalised leapt too. This week 482 were admitted, up 37% from 352 the week before. Photo by Pixabay on Pexels.comThe 7-day average case number had been in constant decline since the end of January 2022. However, the number of new cases turned upwards towards the end of February. On 11...

While American statists are cheering the U.S. government’s sanctions on Russia, 71-year-old John Hanick shows us how the cheers are also for the destruction of the rights and liberties of the American people. That’s because U.S. officials have just charged Hanick, who is an American citizen who once worked at Fox News as a director, with a federal criminal offense for violating U.S. sanctions on Russia. Hanick now faces up to 20 years in a federal...

Inflation—defined herein as a widespread increase in the prices of widely purchased consumer goods—has gotten worse since I commented on it last spring. According to the official Consumer Price Index (CPI), inflation is currently running at 7.5 percent year over year—the highest since 1982. What triggered the last year’s explosion in prices? President Joe Biden has tried to blame inflation on greedy corporations and supply-chain disruptions. The former is...

Unbeknownst to those trembling in fear of a crushing recession, the crushing recession they fear is the only curative for a fatally distorted system which has lost touch with reality. Everyone looking at the inevitability of recession with alarm is forgetting the many upsides of recession, especially one that crushes all attempts to reverse it with the usual tricks. Let’s not forget the simple joys of lighter traffic, faster commutes and the relative ease of getting...

The Swiss Post Office more than doubled profits to CHF457 million ($493 million) last year as it was less affected by pandemic restrictions. The group’s financial arm, PostFinance, recorded a CHF272 million result, up from CHF162 million in 2020. This was achieved despite a fall in customer numbers, the amount of money they held at PostFinance and the continued negative interest rate environment. The postal service is seeing a decline in the number of letters being...

Wecan Group SA, a Swiss Blockchain software provider used  Swiss private banks, is favoring an expansion in France for its internationalization. Behind this choice: an investment from Michel Reybier, owner of La Réserve hotels, and a selection in the Swave program, an initiative of the French government to attract the most promising fintechs in France. 100 billion is the amount of assets under management of independent asset managers using the Wecan Comply platform....