SNB & CHF

All value is subjective. But often, when an exchange is to be made, a numerical value is required. It’s a special kind of economic calculation, what Bharat Kanodia terms “a subjective opinion based on objective facts”. Bharat has built a career on valuations, from 2-founder garage start-ups to the Eiffel Tower. He shares his knowledge, experience, and insights with the Economics For Business podcast. Key Takeaways And Actionable Insights Valuations start with a...

© Dreamstime.com Last weekend, several thousand protestors assembled outside the Federal Palace in Bern to voice their opposition to Switzerland’s response to the Covid-19 pandemic, reported Tribune de Genève. The protest is likely to be the last one authorised in the city ahead of a vote on 28 November 2021 to reverse laws introduced by the Swiss government to manage the pandemic. According to reports at the scene published in various Swiss newspapers the protest...

Der Kurs crashte kurzfristig auf 58.000 US-Dollar. Nach der Rallye auf ein neues Allzeithoch kam es schließlich zum unausweichlichen Flashsale. Daytrader und vermutlich auch einige Whales haben ihre Bitcoin abgestoßen, um die Gewinne aus der Rallye abzukassieren. Doch es dauerte nicht lange, bis sich der Kurs erholte. Bitcoin News: Bitcoin erholt sich sofort wieder von Flashsale CryptoQuant hat die Daten der letzten Stunden analysiert und fand heraus, dass es vor...

Nicholas Wapshott is a British journalist and biographer with a strong interest in economic theory. He says that the Nobel laureate Edmund Phelps is his mentor. One theme in twentieth-century economics dominates his work: the clash between economists who favor the free market and those who support a “mixed economy,” in which the government plays a large role. Wapshott’s earlier book Keynes Hayek shows the way he works. He uses the personal relations between Keynes...

Santa is generally a jolly fellow, but that doesn’t mean he doesn’t take pleasure in meting our well-deserved punishment to the greedy. Nothing is more predictable than a stock market rally starting in early November and running into mid-January–Santa’s rally. And since it’s so predictable, why not front-run the rally by loading up on stocks in October? Here’s the problem: Santa doesn’t take kindly to punters front-running his rally. It’s like opening your presents...

© Ginasanders | Dreamstime.com The latest forecast for 2021 shows a deficit of CHF 14.8 billion, down CHF 2.6 billion from an earlier forecast shortfall of CHF 17.4 billion. The deficit is driven mainly by the extraordinary cost of responding to the Covid-19 pandemic. The federal government expects to spend CHF 4.1 billion on vaccines (1.2) and tests (2.5) in 2021. However, the largest share of extra spending is on full and partial unemployment benefits (6.9)....

There is a goods shortage on the store shelf, yes. But that does not mean there is a goods shortage - instead it is a warehousing and logistics problem. In fact, we may be facing a surplus of goods that's about to wash over the economy. A reading, by Emil Kalinowski. ----------WHO---------- Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Alegro" by TAGE at Epidemic Sound. ----------WHAT---------- What *Seems* Inflation Now Is...

The climate strike wave that Greta Thunberg started also swept through Switzerland. While young people from all over the country participate in Fridays for Future events, dozens of start-ups are developing technologies to combat climate change. Part two of our explainer video looks into how the country goes about reducing its greenhouse gas emissions. In the 2019 parliamentary elections, the green parties promising climate action made historic gains. A broader climate movement has sparked...

In landlocked Switzerland temperatures are rising faster than in regions that benefit from the ocean's cooling effect. The first explainer video of our two-part series shows how climate change is affecting the Swiss landscape, the economy and its people. While global average temperatures are 0.85 degrees Celsius above pre-industrial levels, Switzerland has seen an increase of two degrees over the same period. Since 1850, its glaciers have lost 60% of their volume. The country risks losing...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Low Inflation, Crashes and Central Bank Money Printing The crisis caused by the Covid19 virus,is a typical crisis with low inflation (at least for now). During such a crisis, central bank money...