SNB & CHF

Zuletzt bewegte sich der Bitcoin-Preis in ähnlichen Sphären im April dieses Jahrs. Damals schaffte er es bis zum Allzeithoch von ungefähr 63.500 US-Dollar, ehe es für die folgenden vier Monate immer wieder auf und ab ging. Doch nun wurde die Bestmarke aus dem April übertroffen – und es könnte noch weiter nach oben gehen. Bitcoin News: Bitcoin erreicht neues Allzeithoch 65.992 US-Dollar pro BTC ist die neue offizielle Bestmarke. Auf vereinzelten Börsen ging es...

The Swiss bank has been fined over CHF400 million for its role in a corruption scandal in Mozambique. Keystone / Ennio Leanza A Mozambique public finance watchdog is demanding an estimated $2 billion (CHF1.8 billion) in full debt relief from Credit Suisse, that is ten times more than what Swiss banking giant is willing to write off. “Credit Suisse’s admission of responsibility, failure to comply with the law (…) and involvement of employees in bribery underscores the...

The world we come from had lots of death. Every society we know of before the mid-1800s or so saw more than one in four children die during their first year of life. Of those who made it through this first difficult year—through disease, malnutrition, famines, or natural disasters—another quarter or so died before they reached fifteen. Into the 1900s, you had to get into your sixties before your per year risk of death again was as high as it was in your first year of...

You don’t have to take my word for it. QE doesn’t work and it never has. That’s not just my assessment, pull out any chart of interest rates for wherever gets the misfortune of having been wasted with one of these LSAP’s. If none handy, then just read what officials and central bankers write about their own programs (or those of their close and affectionate counterparts). After nearly a decade of Abenomics in Japan, the latest Japanese Prime Minister Fumio Kishida...

© minnystock | Dreamstime.com Switzerland is the highest rated country in the latest HSBC expat ranking published this week, a position held for the last three years. 91% of the expats surveyed living in Switzerland said their living environment was better than it was before moving. The average on this measure across all expats questioned was 67%. After moving, 86% said they felt safer, another of Switzerland’s strong points among expats. In addition, nearly 9 out of...

Why do Central Banks want higher inflation? The debt ceiling debate in U.S. Congress and related political nonsense brings even more to light the exponential growth in US federal government debt. US government debt has doubled in the 10 years since the last major debacle Congress created over raising the debt ceiling back 2011. The debate and Congress’s unwillingness to increase the limit back in August 2011 resulted in declining equity markets. It also resulted in...

Editor’s Note: Interest rates and inflation are certainly connected to efforts on the parts of central banks to loosen and tighten the money supply. These relationships, however, are much more complex than many people suppose. As we’ve seen in recent weeks, with constant talk about what the Fed will do next, expectations are an important factor in how markets respond to central bank actions. In his article “Ten Great Economic Myths,” Murray Rothbard addresses some of...

I hope everyone here is hungry because the banquet of consequences is being served.I’ve coined a new portmanteau word to describe America’s descent: kleptocrapocracy, a union of kleptocracy (a nation ruled by kleptocrats) and crapocracy, a nation drowning in a moral sewer of rampant self-interest in which the focus is cloaking all the skims, scams, rackets and bezzles in some virtuous-sounding garb, a nation choking on low-quality junk ceaselessly hawked by...

When David Card was recently awarded the Nobel Memorial Price in Economic Science (along with two other economists), I figured Paul Krugman would weight in, since Card, along with the late Alan Krueger, authored an economic study almost thirty years ago that allegedly debunked standard economic theory on the effects of a binding minimum wage. Krugman did not disappoint. As is his M.O., Krugman cherry-picked his information and then went on to claim that the...

Alhambra’s Bob Williams answers the question, “What do I do if I choose the wrong Medicare Plan?”. [embedded content] [embedded content] You Might Also Like Weekly Market Pulse: Perception vs Reality 2021-10-18 It was the best of times, it was the worst of times… Charles Dickens, A Tale of Two Cities Some see the cup as half empty. Some see the cup as half full. I see the cup as too...