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SNB & CHF

Unhappy Endings: Deception Has Gone Global

Looking Behind the Labels Regardless of one’s politics, most would agree that extremely complex issues are typically given extremely misleading titles. Not all those of the extreme left, for example, are all that “woke” and not everyone on the far right, to be fair, is a “domestic terrorist.” Nevertheless, words are often misused and abused to place, as well as burry, otherwise nuanced realities behind simple phrases, as we’ve seen in everything from the “Patriot...

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Average annual inflation rate for residential property in 2020 was 2.5 percent

16.02.2021 – The Swiss residential property price index (IMPI) increased in the 4th quarter 2020 compared with the previous quarter by 2.3% and reached 103.1 points (4th quarter 2019 = 100). Compared with the same quarter of the previous year, inflation was 3.1%. The average annual inflation rate for residential property in 2020 was 2.5%. These are some the results from the Federal Statistical Office (FSO). The average annual inflation rate of the IMPI for 2020 of...

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The Fight over Economics Is a Fight over Culture

The Left long ago figured out how to get ordinary people interested in economic policy. The strategy is two pronged. The first part is to frame the problem as a moral problem. The second part is to make the fight over economic policy into a fight over something much bigger than economics: it’s a fight between views of what it means to be a good person. The Left knows how to make the war over economics into a war over culture. Yet when it comes to economic policy,...

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FX Daily, February 15: Sterling Continues to Run Higher and US Winter Storm Gives Oil Another Boost

Swiss Franc The Euro has fallen by 0.07% to 1.0792 EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US and Greater Chinese markets are closed today, but the markets are moving. Equities are bid. The Nikkei led the Asia Pacific region with a 2% gain and pushed above 30000 for the first time since 1990. Korea’s Kospi advanced 1.5%, and Australia’s ASX tacked on 1%. The Dow Jones...

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Understanding Minimum Wage Mandates: Empirical Studies Aren’t Enough

It is only through the increase in capital goods, i.e., through the enhancement and the expansion of the infrastructure, that labor can become more productive and earn a higher hourly wage. Original Article: “Understanding Minimum Wage Mandates: Empirical Studies Aren’t Enough” This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. President Joe Biden has promised to raise the minimum wage from $7.25 to $15 per hour. Some...

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Report shows slump in foreign investment in Swiss real estate

View of the Europaalle urban development in Zurich on April 12, 2019. © Keystone / Christian Beutler The share of foreign investment in Swiss commercial real estate fell from 15% before 2011 to 5% between 2017 and 2019, according to new research. The issue of foreigners buying cheap Swiss property during the Covid-19 pandemic is being discussed in Bern. Foreign investment in commercial buildings in Switzerland reached CHF750 million ($841 million) a year, or an...

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Bezirk ist von den Ausreiseverboten besonders betroffen

AUSSERFERN (rei). Wer glaubte, dass mit den Lockerungen in Österreich das Leben in Zeiten der Pandemie einfacher wird, musste in den vergangenen Tagen miterleben, dass das Gegenteil der Fall ist. Jedenfalls in Tirol. Das Land ist abgeschottet, bzw. eingeriegelt. Das Außerfern als Grenzbezirk ist besonders betroffen. Glaube Sie, dass sich die Situation rund um die Coronamaßnahmen rasch ändern wird? Wer innerösterreichisch nach Vorarlberg oder Salzburg ausreisen will,...

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In One Image, Everything You Need to Know about Government Intervention

by Daniel Mitchell While I freely self-identify as a libertarian, I don’t think of myself as a philosophical ideologue. Instead, I’m someone who likes digging into data to determine the impact of government policy. US Consumer Goods and Services, Wages Price Change, 2000 - 2020 - Click to enlarge And because I’ve repeatedly noticed that more government almost always leads to worse outcomes, I’ve become a practical ideologue. In other words,...

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The Green Market – Episode 1: Charles Hugh Smith, Julian Morris and Martí Jiménez-Mausbach

Local and Decentralised Economies: The Start Of A New Environmentalism This weeks host, Richard Bonugli, CEO of Cedargold, talks with Charles Hugh Smith (OfTwoMinds.com), Julian Morris (Senior Fellow at Reason Foundation), and Martí Jiménez-Mausbach (Head of Research at the Ostrom Institute) on the works of Hayek, Elinor Ostrom and whether local and decentralised economies can promote Market Environmentalism to the masses, who are looking to find a sustainable solution to the...

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