SNB & CHF

“People aren’t investing, they’re just chasing.” That is the ominous, ponzi-like warning from Adam Cohen, Caspian Capital’s managing partner as the distressed debt investor has chosen to return some money to investors because the rewards don’t justify the high risks anymore. He is not wrong as it’s party time for zombie companies everywhere as “high yield” is now officially “low yield.” “People aren’t investing, they’re just chasing.” That is the ominous, ponzi-like...

Private property is an institution central to civilization and beneficial human interaction. When central banks distort this institution with easy money, the social effects can be disastrous. Original Article: “The Property-Based Social Order Is Being Destroyed by Central Banks​” Readers of the Mises Wire are no doubt familiar with the negative consequences of central banking and the inflationary capacity of fiat currency and how such a system drives malinvestment...

Delta Exchange, a UK-based institutional-grade crypto derivatives exchange, announced that it has closed a US$ 5 million token raise from existing and new investors where Swiss venture firm Blockchain Valley Ventures (BVV) backed and advised the former on their token raise. The token raise adds to existing investors like Aave, Coinfund and Kyber Network. New investors of the company include Spartan Group, QCP Soteria, Gumi Crypto, LuneX Ventures, Tembusu Partners and...

© Hideko1979 | Dreamstime.com The French region of Bourgogne-Franche Comté has contacted several Swiss cantons and asked them if they would take Covid patients, according to RTS. Jacques Gerber, the minister of health in the canton of Jura told RTS that there had been a request from France to prepare in case French hospitals become overloaded. New cases have only been rising moderately in Switzerland since mid March. In France the number has risen steeply, reaching...

Shareholders confirmed the re-election of the Chairman and the members of the Board of Directors. They elected Claudia Böckstiegel and Patrick Firmenich as new members of the Board. Shareholders approved a dividend distribution of USD 0.37 (gross) in cash per share. They also approved the new share buyback program 2021–2024. Shareholders approved the proposals relating to the remuneration of the members of the Board of Directors and the Group Executive Board and...

The benchmark 10-year US Treasury has obtained some bids. Not long ago the certain harbinger of bond rout doom, the long end maybe has joined the rest of the world in its global pause if somewhat later than it had begun elsewhere (including, importantly, its own TIPS real yield backyard). Even nearer-in inflation expectations have rounded off at their current top. Perhaps no more than a short-term rest before each rising again, then again with the rest of the...

The empirical evidence shows that neither minimum wages or welfare reduce poverty. In fact, minimum wages tend to increase the cost of living while poverty rates have gone nowhere since the Great Society was introduced. Original Article: “Progressivism’s Failures: From Minimum Wages to the Welfare State” As I write, the Democratic Congress is contemplating various measures designed to alleviate poverty levels in the United States. They include: the doubling of the...

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The Gold Exchange Podcast with Keith Weiner Ep 18 - Outlook for Gold 2021 Back in February, we published Gold Outlook 2021, our annual analysis of the gold and silver markets from CEO Keith Weiner. In it, Keith explained the market players, dynamics, fallacies, and drivers. He also made a call on gold and silver prices for the year. In this week’s episode of the podcast, we focus on just a few concepts from the article: Basis & Cobasis – what they are and what they...

Among the many problems originated by the Covid 19 pandemic, one of the most important is the resurgence of the anti-vaccine movement. Conspiracy theories, ridiculous arguments and unfounded accusations have given renewed fuel to one of the most anti-scientific and destructive trends we have ever seen. The nefarious contemporary anti-vaccine movement originated at the behest of a paper published in 1998. Former physician (his license has since been revoked)...