SNB & CHF

The biggest mistake America has ever made since the nation’s founding was the conversion of the federal government from a limited-government republic to a national-security state. If the American people are ever going to achieve a genuinely free society, a necessary prerequisite is the dismantling of the national-security establishment and the restoration of America’s founding governmental system of a limited-government republic.America’s national-security state is a...

The OECD expects the Swiss economy to grow by 1.5% in 2025, it said in its "Economic Outlook" on Wednesday. Keystone-SDA Listen to the article Listening the article Toggle...

Overview:  The dollar is mixed on what will start critical second half of the week. France holds its confidence vote in a few hours. Fed Chair speaks at a moderated discussion at the New York Times around 1:40 ET. The US data focus shifts to the labor market with the ADP estimate today and the nonfarm payroll report on Friday. The head of the main opposition party in Japan stepped down ostensibly until March due to a personal scandal and this has dampened...

Jean Claude Escalante’s From Indentureship to Entrepreneurship is an extraordinary exploration of the Indo-Trinidadian community’s journey from humble indentured laborers to influential figures in the arenas of academia, commerce, and industry. Escalante skillfully dismantles common assumptions that attribute Indo-Trinidadian success solely to preferential colonial policies, instead presenting a nuanced analysis that emphasizes the community’s resilience, cultural...

Bond yields are primarily driven by macroeconomic factors such as inflation and economic growth. Given their impact on inflation and the economy, the U.S. dollar and oil prices are frequently well correlated with bond yields. Therefore, bond traders often take their cue from the dollar and oil markets. The dollar (blue), as graphed on the right, has been on a tear since early October. As is typical, bond yields (orange) closely followed the dollar higher. The...

“All animals are equal, but some animals are more equal than others.”―George Orwell, Animal FarmThe nation’s deposit insurer (FDIC) let slip the other day which large depositors were bailed out when Silicon Valley Bank (SVB) failed last spring. SVB banked the nation’s tech illuminate.Its failure exposed fractional reserve banking’s Achilles heel when a bank run was initiated via social media and carried out with depositors moving money on their cell phone apps. The...

[Editor’s Note: In this selection from his new essay “Seeds of Resistance,” William Hartung provides some interesting context on the important role of public opinion and public pressure in pushing back against aggressive foreign policy in any presidential administration. Essentially, Hartung expresses hope that perhaps Trump will be something like Ronald Reagan whose bellicose pre-election rhetoric was far worse than the actual policies that Reagan eventually...

Elon Musk’s so-called Department of Government Efficiency (DOGE) has been making a lot of noise about all the federal employees it plans to fire. The DOGE people have framed total federal employment as something of a proxy for the total size of the federal government.  Cutting the federal workforce is all well and good, but in reality, the size of the federal payrolls doesn’t really tell us much about the growth of the federal government. Federal employment has been...

The history of slavery in the United States cannot be covered in a brief article, but one point that is important to address in the context of contemporary “antiracist” debates is the notion that slavery was historically supported by the South and opposed by the North. The aim of antiracists, in advancing that notion, is to justify the destruction of Confederate monuments, the proscribing of Confederate flags, and the renaming of military bases. It is, therefore,...

Mixed results for Swiss Black Friday Keystone-SDA Listen to the article Listening the article Toggle language selector...