SNB & CHF

When Nvidia reported high fourth quarter earnings for 2023 in February 2024, it sparked a general rally in stock markets. Stock markets in the United States, Japan, and Europe jumped to all-time highs after a few days of slight declines.It seems strange for one company’s earnings call to have such a widespread effect, but many are saying that this is all a part of a technological revolution, in which real productivity will increase dramatically due to artificial...

Although manipulating housing finance is not among the Federal Reserve’s statutory objectives, the U.S. central bank has long been an essential factor in the behavior of mortgage markets, for better or worse, often for worse. In 1969, for example, the Fed created a severe credit crunch in housing finance by its interest rate policy. Its higher interest rates, combined with the then-ceiling on deposit interest rates, cut off the flow of deposits to savings and loans,...

Novartis CEO Vas Narasimhan saw his pay nearly double over the last year. KEYSTONE/© KEYSTONE / GEORGIOS KEFALAS Swiss CEOs are some of the best paid in Europe but compared to peers in the United States, their salaries look modest. Some in the Swiss pharmaceutical industry see this as a problem.   Jessica covers the good, the bad, and the ugly when it comes to big global companies and their impact in Switzerland and abroad. She’s always looking for a Swiss...

SWISS’s turnover totalled CHF5.3 billion last year, the airline announced on Thursday KEYSTONE/© KEYSTONE / URS FLUEELER Swiss International Air Lines (SWISS) saw record operating profit last year following a return to pre-pandemic revenue levels. SWISS’ turnover totalled CHF5.3 billion ($6 billion) last year, the airline announced on Thursday, a significant increase on the previous year’s CHF4.4 billion, and a return to 2019 levels for the first time since...

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter

The few winners of global recession will use the decline as a means to break the chokehold of unproductive BAU elites. That the global economy is slipping into recession is self-evident. What's not yet known is the eventual depth and length of the recession. Given that the extreme policies needed to avoid recession over the past 15 years have reached extremes that are now the problem, not the solution, there won't be any more fiscal-monetary "saves" this time...

The US Supreme Court released its ruling on Trump v. Anderson this week and unanimously slapped down the Colorado Supreme Court which had tried to disqualify candidate Donald Trump from the Colorado ballot using section 3 of the Fourteenth Amendment to the US constitution.The US Supreme Court's ruling was so baseless in law that even the most Left and partisan members of SCOTUS joined the majority in declaring the Colorado ruling null and void. The case had been...

[This article was first published in the New York Sun.]“Who will guard these guardians?” That poser of Juvenal, satirist of Rome, is an immortal question — nowhere more pertinent, though, than in deciding who should oversee the Federal Reserve. In the Fed, we have supposed guardians of stable prices who have decided by themselves to create perpetual inflation.Just to mark the point: Guardians of the currency have  decided by themselves to depreciate it forever....

Senior Fellow Alex Pollock drew my attention to an important quotation by Smedley Butler: 1935 speech and later a book by Major General Smedley D. Butler (USMC), includes  “… A racket is best described, I believe, something that is not what it seems to the majority of people. Only a small “inside” group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make large fortunes. … If we put...

Share: The US Dollar trades softer across the board on Wednesday.  US Federal Reserve Chairman Jerome Powell is heading to Capitol Hill for his semi-annual testimony.  The US Dollar Index snaps an important support, looking bleak ahead of the ECB decision and NFP data. The US Dollar (USD) is facing some firm selling pressure on Wednesday...