SNB & CHF

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat eine Änderung des Anhangs 3 der Verordnung vom 27. August 2014 über Massnahmen zur Vermeidung der Umgehung internationaler Sanktionen im Zusammenhang mit der Situation in der Ukraine (SR 946.231.176.72) publiziert. Am 22. Oktober 2021 hat das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF die Liste der in diesem Kontext sanktionierten Personen, Unternehmen und...

Before I address President Biden’s decision last Friday to continue the national-security establishment’s cover-up of its November 22, 1963, regime-change operation in Dallas, I wish to make one thing perfectly clear: I am not Nostradamus.  Yes, I fully realize that I repeatedly predicted that Biden would never order the release of those 60-year-old assassination-related records that the CIA has steadfastly been keeping secret from the American people. (See here and...

It may come as a surprise—though it should not—that one of the very first acts of the new Congress, under the Constitution, was a tax program at least as great as the one imposed on the colonies by Great Britain. It turned out that taxation with representation could be just as oppressive as taxation without representation or worse. It is supreme irony that the very first major act of the new Congress was taxation at a level that would have made Britain proud. The...

Do the similarities outweigh the differences? We better hope not. There is a lot about 2021 that is shaping up in the same way as 2018 had (with a splash of 2013 thrown in for disgust). Guaranteed inflation, interest rates have nowhere to go but up, and a certified rocking recovery restoring worldwide potential. So said all in the media, opinions written for everyone in it by none other than central bank models. It was going to be awesome. Straight away, however,...

Overview:  The global capital markets give little indication of the important economic and earnings data that lie ahead this week.  There is an eerie calm. Equities in Asia were mixed.  Japan and Hong Kong, and most small bourses were lower.  Last week, the MSCI Asia Pacific Index gained almost 0.9%. Europe's Stoxx 600 is little changed after rising about 0.5% last week. US futures are firm.  The S&P 500 and Dow Jones Industrials reached record-highs before the...

Goods are being delayed in container ports in many parts of the world. Keystone / Neil Hall Four out of five firms surveyed by the Swiss Business Federation (economiesuisse) have complained of problems in getting hold of raw materials and essential parts for their goods. The cost of the worsening supply chain conditions is starting to be passed on to consumers. Some companies are looking into putting staff on shortened hours with economiesuisse warning that the...

Wird die deutsche Redewendung „das Gelbe vom Ei“ verwendet, soll damit das Beste, das Vorteilhafteste, das Nonplusultra beschrieben werden. Besser geht es nicht! Ist es vor diesem Hintergrund angemessen, gerade die Freiheit als das Gelbe vom Ei zu bezeichnen? Wäre es nicht passender, zum Beispiel die Marktwirtschaft oder persönliches Wohlergehen so zu benennen? Kämen nicht auch gute Politik oder Gleichheit als Kandidaten in Frage? Ist es nicht Willkür oder einfach...

Mit Reddit bereitet sich das nächste Social Media Network auf einen Einstieg in den NFT Markt vor. Die Plattform sucht aktuell nach Crypto-Spezialisten, die sich mit NFTs auskennen und eine zentrale Rolle bei der Umsetzung auf einer Reddit-NFT-Plattform spielen sollen. Crypto News: Auch Reddit will in NFT Markt einsteigen In einer offiziellen Job-Ausschreibung (Senior Backend Engineer NFT) von Reddit heißt es: For Reddit, it will always be about community. (…) If...

The S&P 500 and Dow Jones Industrial stock averages made new all time highs last week as bonds sold off, the 10 year Treasury note yield briefly breaking above 1.7% before a pretty good sized rally Friday brought the yield back to 1.65%. And thus we’re right back where we were at the end of March when the 10 year yield hit its high for the year. Or are we? Well, yes, the 10 year is back where it was but that doesn’t mean everything else is and, as you’ve probably...

Rising yields and record highs in the S&P 500 and NASDAQ failed to lift the dollar.  Indeed, the greenback fell against all the major currencies, even the Japanese yen, against which it had reached new four-year highs (~JPY114.70) before pulling back.  On the other hand, the Antipodean currencies and the Norwegian krone continued to lead the move against the US dollar. The Aussie rose to new three-month highs, while the Kiwi, Nokkie, and Canadian dollar saw...