SNB & CHF

Jordan, shown at a news conference last year, warns of neglecting the risks of inflation. Keystone/Anthony Anex The Swiss National Bank (SNB) can expand its balance sheet further if needed, says chairman of the board Thomas Jordan. “A big balance sheet is per se no problem. We can expand the balance sheet further, if monetary policy so requires,” he told the Neue Zürcher Zeitung newspaper in an interview published on Saturday. The SNB’s holdings of foreign exchange...

Swiss Franc The Euro has risen by 0.17% to 1.0976 EUR/CHF and USD/CHF, May 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The decline in US 10-year rates to two-week lows below 1.59% is helping rebuild bullish enthusiasm for stocks and weighing on the US dollar. The NASDAQ reached two-week highs yesterday, and almost all the large markets in the Asia Pacific region rose, though India struggled. Europe’s...

The Zurich University of the Arts (ZHdK) is one of three European institutions cooperating with a university in China with ties to the military. Not all ZHdK staff and students agree with the move. A petition has been organised by Verso, the ZHdK student organisation, which is calling for cooperation with the Chinese Harbin Institute of Technology to cease immediately. It has been signed by 531 students and members of staff. But a Swiss-China relations expert says that the petition’s...

Alain Berset, right, and Tedros Adhanom Ghebreyesus during a bilateral meeting in Geneva on Monday to sign a memo of understanding on the BioHub Initiative Keystone / Laurent Gillieron Switzerland and the World Health Organization (WHO) have agreed to launch the first WHO BioHub Facility. This will enhance the rapid sharing of viruses and other pathogens between laboratories and partners globally. Under the agreement, signed at the 74th World Health Assembly in...

U.S. officials are shocked and outraged over the forced landing of a passenger airliner in Belarus. The airliner contained a passenger named Roman Protasevich, a 26-year-old man who was traveling from Greece to Lithuania. Protasevich is a Belarusian dissident who is playing a major role in the fight against Belarus’s brutal dictator Aleksandr G. Lukashenko. Fearing imminent arrest, Protasevich fled the country in 2019. He has been continuing the fight against...

The 2020 recession, which many countries are still going through, now has an “official” name: the Great Lockdown. In economic terms, the public sector’s response in practically all countries has been very swift and bold (which is not necessarily a good thing).1 This has caused the global public debt to skyrocket as never before. As a result, now more than ever, it is necessary to emphasize the dangers of public debt. In this article, we will highlight the contrasts...

The Fed sees itself as trapped by the incompetence and greed of the other players and by its own policy extremes that were little more than expedient “saves” of a system that is unraveling due to its fragility and brittleness. There are two standard-issue narratives about the Federal Reserve’s agenda: the Fed’s official narrative is that the Fed’s mandate is to keep inflation under control while promoting full employment. The unofficial mandate that’s obvious to...

"Inflation" is a generalized, sustained increase in consumer prices. A spike in consumer prices is just that - a transitory spike. Watch as Jeff gives four reasons and examples (2000, 2008, 2021 bond yields and auctions) why the probabilities favor a rise in CPI, not "inflation". ---------SEE IT----------- Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Alhambra YouTube: https://bit.ly/2Xp3roy Emil YouTube: https://bit.ly/310yisL...

FX Rates Overview: The US dollar is firmer in the European morning after starting out with a softer bias in Asia Pacific turnover. The dollar-bloc currencies, sterling, and the Swiss franc are heavy, but ranges are narrow, and consolidation seems to be the flavor of the day. Central and Eastern European currencies are faring best among emerging markets, but the JP Morgan Emerging Market Currency Index is little changed. Benchmark 10-year yields are also hovering...

http://financialrepressionauthority.com/2021/05/20/the-roundtable-insight-charles-hugh-smith-on-the-era-of-accelerating-expropriations/