SNB & CHF

The Federal Reserve concluded its November Meeting of the Federal Open Market Committee on Wednesday. According to the FOMC’s statement, the Fed now plans to taper beginning in mid-November by cutting back its asset purchases by 10 billion in Treasury securities and 5 billion in mortgage-backed securities. Right now, the Fed buys $80 billion in Treasuries and $40 billion in housing-backed securities each month. So, according to the FOMC statement: Beginning later...

For the first time since starting the Future of Finance Challenge in 2015, UBS has presented a Female Founder Award as part of its Future of Finance Challenge. Around one-third of the overall entries qualified for this award. Kimberley Abbott of Vested Impact won the Female Founder Award. This year’s «UBS Future of Finance Challenge» was a huge success with 475 high-quality submissions, from which the four winners of the overall competition were chosen. Fairly AI won...

When will precious metals markets finally make their move? It’s a question that has frustrated many investors in 2021. Gold and silver prices have remained stubbornly rangebound for the past several months. There is no way to know exactly when this consolidation period will end. Long-term investors would be wise to hold their core positions regardless of market conditions (and grow them when feasible). However, there are signs both technical and fundamental that...

As energy prices rocket, the meter is ticking on Switzerland’s future electricity security. © Keystone / Christian Beutler Households and businesses across Europe are facing a huge rise in electricity and heating costs this winter. Price hikes in Switzerland have so far been comparatively cushioned, but there are warnings of a potential energy crunch in the next few years. My specialty is telling stories, and decoding what happens in Switzerland and the world...

Last year did not end on a sound note. The initial rebound after 2020’s recession was supposed to be a straight line, lifting upward for the other side of the infamous “V” shape. Such hopes had been dashed, though, and as the disappointing year wound toward its own end yet another big problem loomed. In December 2020, millions of Americans still out of work were going to lose government benefits. The Department of Labor would later tally up the scale of this...

Advocates for vaccine mandates—led by the Biden Administration—are apparently unconcerned that the mandates are likely to drive down total employment and reduce access to government services. In many cases these are the same services that mandate-pushing politicians have always insisted are utterly “critical” and must be expanded. Instead, the party is taking the position that the drive for vaccination must be placed before all other values in society, including...

Josh Jalinski was recently joined by Jeffrey Snider, Head of Global Research at Alhambra Investments. He is not an economist, which is probably why he's been able to develop a working model of the global monetary system. His research is unique and informative in ways an economist would never consider. He joined us to discuss his thoughts on inflation/deflation and our current economic state. #crypto #bitcoin #monetarysystem @Bloomberg Markets and Finance @Forbes @Fox News @Fox Business...

An early-1950s US consumer buying-binge sent the Consumer Price Index soaring. Inflation!? No. It was a transitory supply/demand imbalance brought on by (geo)political factors. The bond market knew it and didn't overreact. And what about the Federal Reserve? They overreacted. ---------SPONSOR---------- Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write...

Per Ende des Berichtsmonats lag der Wert bei 922,98 Milliarden Franken, nachdem es Ende September noch 939,29 Milliarden Franken gewesen waren. Der Gesamtbestand der Reserven (exkl. Gold) erreichte Ende Oktober 936,68 Milliarden nach 953,09 Milliarden Franken im Vormonat, wie die SNB am Freitag auf ihrer Internetseite mitteilte. Das ist der erste Rückgang seit Juli. Damals war der Devisenberg um 19 Milliarden Franken geschrumpft. Ob und allenfalls wie stark die SNB...

Viel wurde diskutiert als China das Bitcoin Mining aus dem eigenen Land verbannte. Doch es hat nur wenige Monate gedauert und die Mining Community hat sich von diesem Bann erholt. Daten zeigen, dass nur noch 16 Prozent zum Allzeithoch fehlen. Bitcoin News: Bitcoin Mining Hashrate hat sich fast vollständig erholt China kontrollierte mehr als die Hälfte des weltweiten Mining Marktes – bevor es zu einem landesweiten Verbot für Crypto Mining kam. Es wurde befürchtet,...