SNB & CHF

Pfizer recently announced that its covid vaccine was more than 90 percent “effective” at preventing covid-19. Shortly after this announcement, Moderna announced that its covid vaccine was 94.5 percent “effective” at preventing covid-19. Unlike the flu vaccine, which is one shot, both covid vaccines require two shots given three to four weeks apart. Hidden toward the end of both announcements, were the definitions of “effective.” Both trials have a treatment group...

Covid vaccine results from AstraZeneca and Oxford University brought another wave of optimism; dollar weakness has resumed; that said, we will refrain from making any longer-term calls for the demise of the dollar Reports suggest President-elect Biden is pushing House Democrats to reduce the size of their fiscal package demands to unlock negotiations; Republicans have an interest in compromising President-elect Biden has reportedly picked his diplomatic team; it’s a...

According to Anne Applebaum, those who deny American “exceptionalism,” that is to say, global crusading for “democracy,” are dangerous extremists. Original Article: “The Evil of American Exceptionalism“. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. You Might Also Like Calculating GDP Correctly There are many reasons we should be skeptical of the GDP...

Today we are taking our monthly look at the charts for gold and silver. We have now received news of 3 Covid19 vaccines that are seeking approval following successful trials and markets have sat up and listened. Investors have moved in to “Risk On” mode as a result of the vaccine developments and also on signs that the transition to the Biden administration is now progressing better than previously. While stock markets, oil markets and cryptos have benefitted from...

The United Nations has been the key institution in setting the stage for a global “Great Reset” devoted to global management of human society and of markets. Original Article: “The United Nations and the Origins of The Great Reset“. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack. You Might Also Like What Germany Must Do for a Speedy Recovery On June 29, the...

The reality is the roulette wheel is rigged and only chumps believe it’s a fair game.It’s easy to lay America’s visible frustrations at the feet of Covid lockdowns or political polarization, but this conveniently ignores the real driver: systemic unfairness. The status quo has been increasingly rigged to benefit insiders and elites as the powers of central banks and governments have picked the winners (cronies, insiders, cartels and monopolies) and shifted the losses...

Interview original date: September 11th, 2020 Topics - Quantitative Easing: It’s not quantitative, is it easing? Bank reserves: What can they do and what can’t they do? Consumer Price Inflation: does QE lead to rise of consumer prices? Why do the FED’s measures not cause a reac tion in the Real Economy? QE is an asset swap: Clearing House Certificates, interbank system, the FED replicates the functions of a Clearing House. Bank Reserves have no role outside of the...

Swiss Franc The Euro has risen by 0.04% to 1.0808 EUR/CHF and USD/CHF, November 24(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The contrast between the eurozone and US preliminary PMI readings caught the short-term market leaning the wrong way, and the dollar snapped back after extending its recent losses. However, today the US dollar is back on its heels and returning to yesterday’s lows against most major...

Recycling plastic to make new bottles is one thing, but using the material to create prosthetic limbs? That's another. Two Swiss designers are using their skills to improve the lives of amputees. Fabian Engel and Simon Oschwald travelled to Kenya, where they heard about the indignities people with prosthetic limbs faced in everyday life. Due to the high number of traffic accidents, amputations aren't rare. The cost of an artificial limb is prohibitively high for many people, and...

Over the weekend, Switzerland averaged 3,250 new daily recorded cases (9,751 over 72 hours). This represents a significant drop from the daily peak of 10,128 cases reported on 5 November 2020. The 7-day moving average number of new cases in Switzerland is currently more than 40% below the peak around 2.5 weeks ago. Cases in Schweiz, November 24 Source: corona-data.ch - Click to enlarge At the same time Switzerland’s hospitals remain under pressure and the death...