SNB & CHF

The ground breaking ceremony of Nestlé’s fourth production plant in Indonesia in 2013. The Swiss food giant has announced plans to invest CHF99 million (around $100 million) to expand three factories in Indonesia. The goal is to increase Nestlé’s production capacity in the country by 25%, according to a company announcement on Wednesday. The recipients of the funds will be three production plants in Karawang (West...

SBTV spoke with Charles Hugh Smith, author and the editor of the Of Two Minds blog, about the startling parallels (e.g. debasing of currency, lack of strong leadership, move towards populism, etc.) between the decline of the Roman Empire and America. Follow Charles Hugh Smith's on his blog: https://www.oftwominds.com/blog.html Discussed in this interview: 07:33 Central banks created financialization as the foundation of wealth now 10:25 Comparing the decline of the Roman Empire and...

Swiss Franc The Euro has fallen by 0.15% to 1.1026 EUR/CHF and USD/CHF, July 31(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: After a shellacking in recent days, sterling has stabilized though there is not much of a bounce to speak of, suggesting the adjustment to the risk of a no-deal Brexit may not be complete. After the S&P 500 posted back-to-back...

The increasing volatility of SNB Earnings Annual results are not really definite. Given that the SNB accumulates foreign currencies with interventions, they have huge swings. But the SNB may lose 50 billion in one year and win 60 billion in the next year or vice verse. Good years of the Credit Cycle This trend was stopped in 2016, even without the need for a cap on the franc. But one should consider that we are in the...

Small businesses on the precipice need only one small shove to go over the edge, and there won’t be replacements filling the fast-multiplying empty storefronts. As a generality, the average employee (including financial pundits) has no real experience or understanding of what it takes to start and operate a small business in the U.S. Government employees in the agencies that oversee and enforce regulations on small...

Smart Valor was launched in 2017 and is based in ‘Swiss Crypto Valley’ of Zug near Zurich. Smart Valor, the country’s first integrated cryptocurrency exchange offering custody, trading and brokerage, has gone live with nine crypto-fiat trading pairs. The assets on Zug-based platformexternal link, that was launched in 2017 as part of the Thomson Reuters Incubator, includes crypto currencies and security tokens. For the...

Swiss Franc The Euro has fallen by 0.10% to 1.1037 EUR/CHF and USD/CHF, July 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The prospect of a no-deal Brexit continues to pound sterling lower. A little more than two months ago, it was testing $1.32. Two weeks ago it was around $1.25. Today it traded near $1.2120 before stabilizing. On the other hand, the 10-year...

We have spilled many electrons on the topic of capital consumption. Still, this is a very abstract topic and we think many people still struggle to picture what it means. Thus, the inspiration for this week’s essay. Enterprise Car Service Suppose a young man, Early Enterprise, inherits a car from his grandfather. Early decides to drive for Uber to earn a living. Being enterprising, he is up at dawn and drives all day....

A visitor to Switzerland: Carlos Ghosn attending the 2018 World Economic Forum, WEF, in Davos, Switzerland Canton Zurich’s public prosecutor is assisting the Japanese authorities in an inquiry related to bank accounts associated with Carlos Ghosn, the former leading auto executive. Tokyo prosecutors sent a request for legal assistance to Switzerland in January, a spokesperson for the country’s Federal Office of Justice...

As an economic system, even the most committed socialists had come to realize it was a failure. What ultimately brought down the Soviet Union wasn’t missiles, tanks, and advanced air craft, it was a simple thing like bread. You can argue that Western military spending forced the Communist East to keep up, and therefore to expend way too much on guns at the expense of butter. Even if that was the case, the Soviet system...