SNB & CHF

Silvergate Bank, Silicon Valley Bank, Signature Bank, and First Republic Bank fell like dominos in March–April 2023. The United States Treasury, Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) intervened in an unprecedented way to stall the domino effect. They waived the FDIC’s $250,000 cap on insured deposits at the failed banks, and the Fed instituted the Bank Term Funding Program to bail out any and all banks that run into trouble meeting...

Overview: The foreign exchange market is quiet. The Lunar New Year holiday shut most Asian markets. That, coupled with the light news in Europe, have served to keep the dollar in narrow ranges against the G10 currencies. The Swedish krona, Norwegian krone, and Japanese yen are posting minor gains against the greenback. The New Zealand dollar, which was strongest major currency last week (1.4%) is off by almost 0.5% today, making it the weakest today. RBNZ Governor...

Did you know that exactly 96 years ago, the Winter Olympics in St Moritz, in eastern Switzerland, began? Before February 11, 1928, winter events were part of the Summer Games, so this was the first standalone Winter Games event. Tap here to find out more about the event ?https://www.swissinfo.ch/eng/multimedia/this-day-in-history--when-st-moritz-staged-the-1928-winter-olympics/49198108 --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is...

The Biden administration’s Middle East policies are going to produce the same kind of blowback that led to the 9/11 attacks. The more reckless Biden becomes, the more American lives are placed at risk. Original Article: Biden's Middle East Policy Puts Americans at Risk [embedded content] Tags: Featured,newsletter

Is the regulatory choice a tradeoff between safety or “breaking a few eggs” via free markets? The logic of allowing for free and unhampered markets is compelling. Original Article: Are Free Markets More Dangerous than Regulated Markets? [embedded content] Tags: Featured,newsletter

Under Obama and Biden, the banking sector has been weaponized against industries American leftists don't like.  The Obama administration acted as if its regulatory targets did not deserve due process, and the program ravaged far and wide. Original Article: Biden and Forgotten Federal Financial Tyranny [embedded content]...

Scott R. Sehon tries to be intellectually honest in his critique of capitalism and his endorsement of socialism, but David Gordon writes that Sehon needs to better know the arguments favoring capitalism. Original Article: If One Wishes to Discredit Capitalism, One Should at Least Understand How It Works [embedded content]...

Pharmaceutical giant Novartis invested billions in Slovenia, helping turn it into a global player in generic drug production. ?? With competitive pressure from Asia rising, Swiss drug companies now look to this small Balkan nation for a crucial role in transitioning to more complex and expensive medicines. ?? We went to Slovenia to visit several facilities in and around Ljubljana to understand their role in the global pharmaceutical supply chain. Tap here to find out more ?...

According to a new report from the federal government's Bureau of Labor Statistics last Friday, the US economy added 353,000 jobs for the month of January while the unemployment rate held at 3.7%. CNN news was sure to tell us that this was a "shockingly good jobs report" and it "shows America's economy is booming."  At this point, many of us who follow these numbers have become accustomed to the routine: the BLS reports "blowout" jobs numbers each month, and the...

In this week's episode, Mark takes a quick look back at Fed wisdom in the year 2000, and then surveys today's stock market—and, in particular, the Magnificent Seven stocks, which represent very narrow leadership of the overall stock market. Be sure to follow Minor Issues at Mises.org/MinorIssues. Get your free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization at Mises.org/IssuesFree. [embedded content]...