SNB & CHF

[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in late 2020.] In chapter 8 we presented Ludwig von Mises’s explanation of how bank credit expansion causes the boom-bust cycle, what is now known as Austrian business cycle theory. However, the reigning view today in both academia and the popular media is the Keynesian explanation, derived from John Maynard Keynes’s famous 1936 book The...

Swiss Franc The Euro has fallen by 0.48% to 1.066 EUR/CHF and USD/CHF, June 17(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Investors have not yet completely shaken off the angst that saw equities slide last week. All equity markets in the Asia Pacific region, but Japan, edged higher today, including China, India, and South Korea, where political/military tensions are elevated. Europe followed suit, and the...

SoftBank has quietly poured more than $500m into Credit Suisse investment funds. Copyright 2018 The Associated Press. All Rights Reserved. SoftBank has quietly poured more than $500m into Credit Suisse investment funds that in turn made big bets on the debt of struggling start-ups backed by the Japanese technology conglomerate’s Vision Fund. SoftBank made the investment into the Swiss bank’s $7.5bn range of supply-chain finance funds, said three people familiar with...

The Federal Reserve has become more aggressive again, after several years of acting docile. As you can see on this chart of the Fed’s balance sheet, it has very rapidly expanded from a baseline from (prior to) 2015 through 2018, of about $4.4 trillion. After which, it had attempted to taper, getting down to $3.8 trillion last summer. Then it was obliged to reverse itself well before responding to the COVID lockdown. Since then, its balance sheet has gone vertical....

Whining and complaining about inequality is a growth industry. Thomas Piketty’s book (or perhaps a large virtue-signaling paperweight), about how the rich are getting richer, achieved bestseller status and is now a movie. Understanding the flaws in the wealth inequality argument is increasingly important, because the communist wing of the Democratic Party is now openly advocating a wealth tax. In this article I will explain why measures of wealth inequality...

(Disclosure: Some of the links below may be affiliate links) When you are investing, you want to minimize your investing fees. It is something most people already realize. But what most people do not realize is how expensive fees can be in the long-term. In this article, we are going to see precisely how much investing fees are hurting you! Not only will we see that they are more expensive than they seem. We will also see that investing fees have a significant...

Here they are again, seemingly at odds over how to proceed. Reminiscent of prior battles over whether to revive the economy or just let it go where it will, it appears as if China is in for Xi vs. Li Round 2. Or is it all just clever politics? Li Keqiang may be nominally the Chinese Premier but he’s a very distant second on every list of power players. Xi Jinping holds all the top spots, including a 2017-18 consolidation of power that left Xi rivaling only Mao in...

APN Lodge Brand Content Writer Anna Mason is back again as host of #TeamTuesday! This week she's joined by Social Media Specialist Keith Weiner! Keith is the man behind the scenes of the All Points North Lodge social media content and marketing. We're taking a peek at Keith's life before APN Lodge and the path that led him to join our high caliber team of talented and dedicated health care professionals. Did you know Keith got his start in Los Angeles working in television!? Devour all the...

APN Lodge Brand Content Writer Anna Mason is back again as host of #TeamTuesday! This week she's joined by Social Media Specialist Keith Weiner! Keith is the man behind the scenes of the All Points North Lodge social media content and marketing. We're taking a peek at Keith's life before APN Lodge and the path that led him to join our high caliber team of talented and dedicated health care professionals. Did you know Keith got his start in Los Angeles working in television!? Devour all the...

Achiko says its Cayman issues only came to light after listing in Switzerland. Keystone / Georgios Kefalas Cayman Islands fintech company Achiko has run into “compliance issues” just months after listing on the Swiss stock exchange. The firm has called a meeting of shareholders this week to approve a plan to create a Swiss company and re-list the shares from this entity. But some shareholders are upset that they will not be able to cast their votes the annual general...