SNB & CHF

Interview original date: September 11th, 2020 Topics- Can we fix the US economy without fixing the eurodollar system? For a long run solution we would need to change the system. US Dollar, foreign currencies, production, Dollar as World Reserve Currency, foreign currencies devaluation. What would a new system look like? Digital Currency, Blockchain, a currency that’s not bank-centered. Transition to a multipolar world pricing/commodity pricing: some countries are no longer...

Swiss Franc The Euro has fallen by 0.05% to 1.0753 EUR/CHF and USD/CHF, December 9(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The market is hopeful today. The Johnson-von der Leyen dinner is seen as evidence that both sides see one more opportunity, and sterling is among the strongest currencies today. Hopes of a $900 bln+ fiscal stimulus package in the US helped stir animal spirits and lift US stocks to...

In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data. The year 2020 will be an extremely tough year for the European economy. Added to an unprecedented drop is a strong impact in the fourth quarter due to the new lockdowns. Morgan Stanley estimates that the eurozone’s GDP will fall by 2.2 percent in the fourth quarter, a 7 percent...

What had given Inflation Hysteria #1 its real punch had been the benchmark 10-year Treasury note. Throughout 2017, despite the unemployment rate in the US, globally synchronized growth being declared around the world (and being declared as some momentously significant development), and whatever other tiny factors acceding to the narrative, longer-term Treasury rates just weren’t buying it. Instead, the eurodollar monetary system continued to cling to these safest,...

US fiscal negotiations are taking longer than expected; US Treasury auctions $56 bln of 3-year notes; we believe the Fed is watching the yield curve closely; Brazil reports November IPCA inflation; Chile kept rates on hold at 0.50% and tweaked its asset purchase program UK Prime Minister Johnson is going to Brussels for high-level Brexit negotiations with EC President von der Leyen; there are no signs of progress in the EU budget and recovery fund negotiations;...

Meet Marc Chandler, the intuitive photographer and founder of Marc'd Images. He joined us to detail some steps along his journey to owning his business, including his original inspiration and some challenges along the way. All this as he sees himself evolving as an individual now actively taking part in our country's electoral process, and as a man of faith.

The Austrian school of economics has been all but left by the wayside in economics (e.g., Backhouse 2000). This fate, shared with all “heterodox” approaches that do not fully comply with mainstream dogma, means Austrian theory is at best discounted by other economists. More often, and typically, it is forgotten and a relic of the past. At the same time, Austrian economics is the only school of economic thought that is well represented in the study of...

Swiss Franc The Euro has fallen by 0.08% to 1.0771 EUR/CHF and USD/CHF, December 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Three brinkmanship dramas continue to play out. The UK-EU trade talks have reportedly made little progress and may have even moved backward, according to some reports, over the past two days. The EU and Poland, and Hungary will be butting heads at the leaders’ summit that begins...

Drones are widely used to take amazing aerial photos, or to inspect infrastructure and crops. But in the future it is hoped they can increasingly be deployed to help firefighters or search and rescue operations in emergency situations. Swiss researchers are at the forefront of drone research. The Swiss rescue agency REGA is testing an autonomous rescue drone to find people lost or in difficulty in the mountains. It should be operational next year. Scientists are also working on small...

The coronavirus pandemic has forced the World Economic Forum (WEF) to relocate its flagship event to Singapore next year. It will be only the second time in 50 years that it will be staged outside of the Swiss mountain resort of Davos. The 51st annual meeting of business, political and civil society leaders will take place in Singapore between May 13-16, WEF announced on Monday. Organisers added that it plans to return to Davos in 2022. The event has moved out of...