SNB & CHF

Dr. Gary Schlarbaum, one of our generous supporters, has again offered to match all donations received through December 7. That means your $10 donation becomes $20, your $25 donation becomes $50, and so on. With a donation of $25 or more, you’ll receive a copy of Jeff Deist’s The Imposers and the Imposed Upon. And, thanks to Gary, your donation doubles. Please donate today. Your gift allows the Mises Institute to be bigger and better in 2021. We want to offer more...

Europe: The Case of the Missing Economy Europe's latest PMI scores tell us the continent is falling into re-recession, perhaps not unlike Japan. Where did the momentum disappear to? The USA has better PMIs but should that give us comfort? Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, submitting "Magnum PMI" script to Hollywood studio. Artwork by David Parkins. Topics & Time Codes 00:05 What do November's purchasing manager...

Swiss Franc The Euro has fallen by 0.39% to 1.0817 EUR/CHF and USD/CHF, December 2(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  The selling pressure that drove the dollar lower yesterday has abated, and the greenback is paring yesterday’s loss, though the dollar-bloc currencies are showing some resilience.  EC negotiator Barnier briefed ministers that the same three issues that have bedeviled the trade talks...

The Swiss National Bank (SNB) and the Federal Finance Administration (FFA) advise as follows: The Federal Finance Administration plans to issue bonds with a face value of CHF 6.5 billion in 2021. Taking account of bonds maturing, the volume of bonds outstanding will increase by CHF 2.4 billion. The volume of outstanding money market debt register claims will rise by approximately CHF 4 billion and will be kept within a range of CHF 12 billion to CHF 18 billion....

02.12.2020 – The consumer price index (CPI) fell by 0.2% in November 2020 compared with the previous month, reaching 101.0 points (December 2015 = 100). Inflation was –0.7% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). The 0.2% decrease compared with the previous month can be explained by several factors including falling prices for international package holidays. Hotel accommodation also recorded a...

The entrepreneurs try to undertake only such projects as appear to promise profits. This means that they endeavor to use the scarce means of production in such a way that the most urgent needs will be satisfied first, and that no part of capital and labor will be devoted to the satisfaction of less urgent needs as long as a more urgent need, for whose satisfaction they could be used, goes unsatisfied. When the government intervenes to make possible a project which...

In October, money supply growth fell slightly from September’s all-time high, although growth still remains at levels that would have been considered outlandish just eight months ago. October’s easing in money-supply growth comes after eight months of record-breaking growth in the US which came in the wake of unprecedented quantitative easing, central bank asset purchases, and various stimulus packages. Historically, the growth rate has never been higher than what...

Swiss Franc The Euro has fallen by 0.06% to 1.0837 EUR/CHF and USD/CHF, December 1 (see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  The near-record rallies seen in the major equity markets in November may have contributed to the month-end drama yesterday.  There has been no follow-through activity.   Stocks bounced back, and the US dollar is heavy, with few exceptions.  In the Asia Pacific region, all the...

The Meret Oppenheim prize took Koyo Kouoh by surprise, and not just because she doesn't care about prizes. The Swiss-Cameroonian curator says she never found much of an echo in Switzerland for her artistic interests – postcolonialism, African diaspora, and identity politics – for which she has received praise in many other countries. Koyo Kouoh, described by The New York Times in 2015 as “one of Africa’s pre-eminent art curators”, is always on the move, even...

Switzerland’s GDP grew by 7.2 % in the 3rd quarter of 2020,  after decreasing by a total of 8.6 % in the first half of the year. Domestic demand and parts of the service sector recovered significantly, while international developments had an adverse impact on exports. Switzerland Gross Domestic Product (GDP) QoQ, Q3 2020(see more posts on Switzerland Gross Domestic Product, ) Source: investing.com - Click to enlarge In the 3rd quarter, Switzerland’s GDP grew...