SNB & CHF

Bereits zum Ende der letzten Woche gab es einen klaren Preisabsturz des BTC. Doch zu Beginn der Woche setzte sich der Trend fort und führte den Bitcoin sogar zwischenzeitlich wieder unter 30.000 US-Dollar. Der Support bröckelte, fand sich jedoch heute Morgen wieder bei knapp oberhalb von 30K. Bitcoin News: Bitcoin Preis stürzt abMit dem jüngsten Preisabsturz purzelte der Gesamtmarkt auf ungefähr 1,5 Billionen an Wert. Damit hat der Cryptomarkt insgesamt die Hälfte...

Two former players with Afghanistan’s national women’s team have started football training for women in Bern, both to improve their footballing skills and to defend the rights of women to play the game. It’s part of Armisa and Sahar’s (pseudonyms) continuing efforts to rebuild their lives after being forced to flee their country for fear of the Taliban, the Islamic fundamentalist group that was waging an insurgency in Afghanistan when they left. swissinfo.ch is...

Last week’s 50 bps Fed rate hike was not a surprise. Indeed, Fed chairman Jerome Powell’s assertion that a 75 bps hike had not been actively considered was enough to spark a stock rally. But it proved short-lived, with markets quickly returning to their fears about inflation. With the US labour market remaining tight and with inflation running well ahead of wage growth (the consumer price index rose an annual 8.5% in March, a four-decades high, compared with a 5.5%...

For the past 25 years, the Pentagon has moved inexorably toward admitting Ukraine into NATO, which would then permit the Pentagon to install its nuclear missiles in Ukraine — that is, on Russia’s border. Thus, the Pentagon has progressively used NATO, an old Cold War dinosaur, to place Russia into a position of making a choice: Either (1) accept the fact that our nuclear missiles are going to be placed in Ukraine pointing at your cities, or (2) invade Ukraine to...

© Debove Eric | Dreamstime.com Food, energy and housing costs are rising in Switzerland and consumers are beginning to change their spending habits. So far inflation in Switzerland has been moderate with annual inflation of 2.5%. However, according to FRC, a consumer association in French-speaking Switzerland, recent price rises are only the beginning, reported RTS. The biggest driver of Swiss inflation is energy where prices have leapt 25%. This appears to be...

Those glancing at the appearances will be assured all is well and it will all sort itself out. Those who look behind the screen will move away as fast as they can. When finances tighten, there are two choices: cut expenses or increase revenues. Monopolies, cartels and governments can increase revenues by increasing taxes or the price of goods and services because users / customers / taxpayers have no alternative. The rest of us have to cut expenses. Making lasting...

On April 19, 2022, at the Economic Club in New York, the Chicago Federal Reserve Bank president Charles Evans said the Fed is likely to lift by year end its federal funds rate target range close to the neutral range of between 2.25 to 2.50 percent. Furthermore, on April 21, 2022, Fed chairman Jerome Powell corroborated this by stating that the Fed wants to raise its benchmark rate to the neutral level. By popular thinking, the neutral rate is one that is consistent...

For most experts, deflation is bad news since it generates expectations for a continued decline in prices, leading consumers to postpone the purchases of present goods, since they expect to purchase them at lower prices in the future. Consequently, this weakens the overall flow of current spending and this, in turn, weakens the economy. Economic activity, believe the experts, is a circular flow of money. Spending by one individual becomes the earnings of another...

Day 73 May 7 This is Liza. She is 15 years old. After her town got shelled and two people got injured she volunteered to drive them to get some medical help, because no one else would. First she got through mines on the road, then Russian soldiers shot at the car, injuring both of her legs. But she kept driving until the car stopped. Fortunately, they got picked up by our guys, and this brave little girl and her passengers are recovering right now....

Organic farming yields can be up to 50% lower than non-organic farming, depending on the product, claimed the Syngenta CEO. © Keystone / Peter Schneider Erik Fyrwald, the CEO of the Swiss agrochemicals group Syngenta, has called for an end to organic farming to avoid a worsening food crisis. The president of the Swiss Small Farmers’ Association meanwhile dismissed his arguments as “grotesque”. Rich countries should increase their agricultural production in order to...