SNB & CHF

What if we told you that you could predict the future? For today’s guest, this is certainly the case when it comes to future market events. He hasn’t got a crystal ball, instead, he has nearly 300 years of historical analysis and models that have led him to the conclusion that markets operate in clear, predictable cycles. For Charles Nenner there is little point in trying to explain why something happened because it did happen and it will happen again. Charles Nenner...

Thank you very much for the invitation. I am delighted to have the opportunity to share some thoughts with you on a topic I am very much interested in and that I believe is of the utmost importance to people around the globe—and that is “the digital future of markets and money.” So let us dive right in! When I was your age, dear students, there were no cell phones, no internet, no Google, no Amazon, no Facebook, no Twitter, no TikTok, no YouTube. People did not have...

Both consumer prices and producer rose near to multi-decade highs last month. Price inflation rose to 8.6 percent while wholesale producer prices rose by more than 10 percent. In both cases, a significant factor behind rising prices—but certainly not the only factor—was high energy prices. This has been reflected in prices related to transportation and shipping. Prices for air travel, for example, have seen some of the biggest price increases in recent months while...

Die Zahl der bei Banken in der Schweiz beschäftigten Mitarbeitenden stieg im vergangenen Jahr gemäss der Bankenstatistik der SNB um 0,7 Prozent auf 90’577. Trotz anspruchsvollem Umfeld und der Pandemie-Situation ist das zum zweiten Mal in Folge ein leichter Anstieg. Der Anteil der weiblichen Beschäftigten in der Schweizer Bankbranche bleibt mit knapp 38% im Vergleich zum Vojahr unverändert. (Bild: Shutterstock.com/Fizkes) Wie die am Donnerstag veröffentlichte...

Jeff Snider reacts live to Jay Powell's June 15, 2022 opening statement to assembled members of the press regarding the Federal Reserve's 75-basis point rate hike to the Federal Funds target range: the overarching message, overall economic activity, inflation, labor, and the 3/4-point move. ----EP. 249 REFERENCES---- Transcript of Chair Powell’s Press Conference June 15, 2022: https://bit.ly/3bbk40N Alhambra Investments Blog: https://bit.ly/3wh01G2 RealClear Markets Essays:...

This not the first time that Václav Klaus’ astute observations and experience-based predictions turn out to be shockingly accurate years later, and I’m pretty confident it will not be the last. Even before the examples that follow and that he clearly laid out in his address at the Marmara Forum, the former President of the Czech Republic has repeatedly proven to be quite prophetic in his assessment of the future.  From his critique and his warnings about...

The “yield curve” refers to a graph showing the relationship between the maturity length of bonds—such as one month, three months, one year, five years, twenty years, etc.—plotted on the x axis, and the yield (or interest rate) plotted on the y axis.1 In the postwar era, a “normal” yield curve has been upward sloping, meaning that investors typically receive a higher rate of return if they are willing to put their funds into longer-dated bonds. A so-called inverted...

The Swiss National Bank has today published data on the annual financial statements of banks in Switzerland for the 2021 financial year. For the first time, the published data also comprises bank office data (Domestic office perspective) in addition to the data from individual financial statements (Parent company perspective) and consolidated financial statements (Group perspective). The Domestic office perspective shows data on the business of banks including their...

We welcome Travis Kimmel, AKA the Dollar Fatalist, the Wizard of Web1, the Crusher of Cryptocurrency dreams, and our favorite moniker, the illustrious BearLord, onto the Gold Exchange Podcast! Travis joins Keith to talk about Bitcoin acolytes’ underlying Marxist philosophy, interest rate hikes, balance sheets, and so much more. Listen in to hear what the famous BearLord thinks about whether a recession cometh, and why it’s insanity to hike rates in this market. This...

The covid-19 pandemic featured an unprecedented fusion of the interests of large and powerful corporations with the power of the state. Democratically elected politicians in many countries failed to represent the interests of their own citizens and uphold their own constitutions and charters of rights. Specifically, they supported lockdown measures, vaccine mandates, the suppression of a variety of early treatment options, the censorship of dissenting views,...