SNB & CHF

The hackers said they wanted to raise awareness about mass surveillance © Keystone / Christian Beutler Swiss authorities on Monday confirmed a police raid at the home of a Swiss hacker who took credit for helping to break into a US security-camera company’s online networks, part of what the hacker cited as an effort to raise awareness about the dangers of mass surveillance. The Federal Office of Justice said regional police in central Lucerne, acting on a legal...

Swiss Franc The Euro has fallen by 0.24% to 1.1077 EUR/CHF and USD/CHF, March 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The capital markets are beginning a new and busy week in a non-committal fashion. Equities are mixed. Except for Japan, Hong Kong, and Australia, most markets in the Asia Pacific region were lower, led Chinese and Indian shares. Europe’s Dow Jones Stoxx 600 ended a four-day advance...

  Das ungedeckte Papiergeldgeldsystem – man kann es auch als Fiat-Geldsystem bezeichnen – ist wirtschaftlich und sozial äußerst problematisch. Es verursacht Schäden, die vermutlich weit über die Vorstellungen der meisten Menschen hinausgehen. Beispielsweise ist das Fiat-Geld inflationär; es begünstigt einige wenige auf Kosten vieler; es verursacht Konjunkturzyklen („Boom-und-Bust“); es korrumpiert das Moral- und Wertesystem...

© Udra11 | Dreamstime.com Sometimes comparisons are drawn between the seasonal flu and Covid-19. But how many die from the seasonal flu in a typical year? According to Switzerland’s Federal Statistical Office, surprisingly few. Over the ten years from 2009 to 2018, an annual average of 1181 people died from the flu in Switzerland, according to death certificate data collated by the Federal Statistical Office, a rate of around 14 per million. From 2009 to 2018, the...

When economic crises hit, most pundits and intellectuals never see it coming. That is because they have never learned the lesson that Bastiat sought to teach, namely that we need to look beneath the surface, to the unseen dimensions of human action, in order to see the full economic reality. It is not enough just to stand back and look at points on a chart going up and down, smiling when things go up and frowning when things go down. That is the nihilism of an...

Jeff Snider is the Global Head of Research at Alhambra Investments, and well known for his disinflationary views and his Eurodollar University video. Here he talks about why yields' move higher isn't inflationary, why things are still not inflationary at all, and much more. You can find the audio podcast here: iTunes/Apple Podcasts- https://podcasts.apple.com/ca/podcast/market-champions/id1450300020 Spotify- https://open.spotify.com/show/7KVwQ0RsTc6XN49Wg3yp5a Stitcher-...

Will Stagnation Follow the Biden Boom? So asks New York Times columnist (and Nobel memorial prize winner) Paul Krugman. Jeff Snider listens and reacts to Krugman's lament that though the relief bill is done, recovery may be harder. ---------SEE IT----------- AlhambraTube: https://bit.ly/2Xp3roy Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski Art: https://davidparkins.com/ ---------HEAR IT---------- Vurbl: https://bit.ly/3rq4dPn Apple:...

© Phattha Intharakamhaeng | Dreamstime.com Swiss chocolate sales went into steep decline in 2020, according to ChocoSuisse, Switzerland’s chocolate industry association. The amount of chocolate produced in Switzerland in 2020 was 10% lower than in 2019 and sales revenue was down by 14.5%, a sharp drop. In 2020, Swiss chocolatiers produced around 180,000 tons, 20,000 tons less than the year before and sales fell by CHF 260 million to CHF 1.53 billion. The export...

Since the deep freeze in February caused millions of Texas homes to lose their power, partisans have been fighting over the blame. The governor blamed wind turbines and the green agenda, whereas Paul Krugman said the fault was with natural gas. Bob shows the numbers; natural gas was to blame only in the sense that nobody expected wind to be useful during a winter crisis. Mentioned in the Episode and Other Links of Interest: Bob’s article at Mises.org, which gives...