SNB & CHF

The US state with the fastest growing covid-19 caseload is a state that has experienced some of the harshest and longest lockdowns and covid restrictions: Michigan. As of April 20, the seven-day moving average for new covid cases in Michigan was 790 per million. This is higher than any other US state, and it is several times higher than the case rate for Michigan a year ago. It is comparable to what it was at the beginning of cold and flu seasons last fall, when...

We do not like Purchasing Power or Real Effective Exchange Rate (REER) as measurement for currencies. For us, the trade balance decides if a currency is overvalued. Only the trade balance can express productivity gains, while the REER assumes constant productivity in comparison to trade partners. Who has read Michael Pettis, knows that a rising trade surplus may also be caused by a higher savings rate while the trade partners decided to spend more. This is partially...

Is human exploration of Mars worth the cost and the risk? Will we ever see the first man or woman on the surface of the Red Planet? Following the launch of recent Mars missions with Swiss and international involvement, including the landing of the Perseverance rover, SWI swissinfo.ch put those questions to Sylvia Ekström of the University of Geneva and Pierre Brisson of the Swiss Mars Society in an online debate, hosted via Zoom. These are highlights from the debate, in which...

In this episode of the Keiser Report, Max and Stacy look at JP Morgan all the way down as bilking grandma is the business model. In the second half, Max interviews Charles Hugh Smith of OfTwoMinds.com about the ‘fatal synergies’ and the ‘sealed pressure cooker’ resulting when the system refuses to offer a solution to those denied a voice or access to resources. They also discuss the oversupply of elites and the chaos this ultimately brings to society. Follow us on...

http://financialrepressionauthority.com/2021/04/22/the-roundtable-insight-charles-hugh-smith-on-the-terminally-ill-economy/

Swiss banking group Swissquote announced that it is expanding its cryptocurrency offering with nine additional ones. In addition to the leading twelve cryptocurrencies, investors can now also trade Cardano, Filecoin, Maker, Uniswap and yearn.finance (YFI). A further four cryptocurrencies will follow at the end of the month namely Aave (AAVE), Algorand (ALGO), Compound (COMP) and Cosmos (ATOM). With a total of 21 tradable virtual currencies, Swissquote offers...

Just minutes after the SEC is reportedly “exploring how to increase transparency for the types of derivative bets that sank Archegos,” The Wall Street Journal reports that Credit Suisse Group AG had somehow allowed a massive exposure to investments related to Archegos Capital Management or more than $20 billion. While the bank has said that its losses on the positions amounted to $4.7 billion, WSJ, citing people familiar with the matter, reports that Archegos’ bets...

Major infrastructure building projects abroad are could be an opportunity for Swiss companies to expand their business activities. Keystone/Joerg Sarbach The government has pledged CHF7.8 million ($8.5 million) over the next three years to help Swiss companies participate in major infrastructure projects abroad. The aim is to coordinate cooperation between the private sector and the government administration to help Swiss companies gain international visibility and...

Die Vorstellung, dass die Amerikaner immer frei sein werden, ist Teil der Glaubenssätze, die den Schülern der öffentlichen Schulen eingebläut werden. Seit Hunderten von Jahren haben Philosophen, Politiker und Reformer gelehrt, dass der Triumph der Freiheit unausweichlich sei. „Unterdrückte Menschen können nicht ewig unterdrückt bleiben. Der Drang nach Freiheit wird sich irgendwann Bahn brechen“, schrieb Martin Luther King Jr. in seinem berühmten „Brief aus dem...

US President Jimmy Carter told the nation that the US dollar's devaluation "is clearly not warranted by the fundamental economic situation". In fact, it was unreservedly deserved as the necessary consequence of prolonged official incompetence. Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Topics & Time Codes 01:08 Unlike the 2010s, in the 1970s finding inflation was no problem - it was everywhere 02:44 The era's inflation, the...