SNB & CHF

The consumer price index (CPI) increased by 0.6% in January 2023 compared with the previous month, reaching 105.0 points (December 2020 = 100). Inflation was +3.3% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The 0.6% increase compared with the previous month is due to several factors including rising prices for electricity and gas. Hotel accommodation also recorded a price increase, as did bread and...

14.02.2023 – The Producer and Import Price Index rose in January 2023 by 0.7% compared with the previous month, reaching 109.2 points (December 2020 = 100). In particular, petroleum and natural gas as well as electricity saw higher prices. Petroleum products, in contrast, became cheaper. Compared with January 2022, the price level of the whole range of domestic and imported products rose by 3.3%. These are the results from the Federal Statistical Office (FSO). In...

Swiss chemists are running low on some medication Keystone / Expa/ Stefanie Oberhauser The Swiss pharmaceutical industry should be less dependent on active ingredients from Asia, says the president of the industry umbrella organisation, pharmaSuisse. Martine Ruggli has called for new drug companies to be built in Europe. If a drug runs out in Switzerland, it’s not available in the whole of Europe “in an extreme situation like the present one”, she said. With...

The aliens are coming! The aliens are coming!  No, I’m not talking about illegal aliens — that is, those immigrants who are trying to enter the United States without official permission. I’m talking about real aliens — the scary types from outer space. You know, the ones that look like ET. What other reasonable explanation could there be for those unidentified flying objects that the U.S. military has been shooting out of the skies over the northern United States? ...

Keith Weiner, CEO of Monetary Metals, gives his 2023 outlook for gold and silver. He says when, not if, the Fed decides to reverse course, gold should make its next big move. He expects the economy and markets will spiral into a crisis reminiscent of The Great Recession. In such a chaotic marketplace, gold will stand out as a safe haven, he says. Obtain the Free 2023 Gold Outlook Report discussed in this interview: https://monetary-metals.com/gold-outlook-2023/ BUY SILVER & GOLD and...

China reopening, media rather than money blitz. Bank lending has been hyped though as usual the rest of the story - the important parts - get left out for the narrative. The reopening impulse just isn't there, and we can verify that it isn't just by doing the full money math. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com https://www.PortfolioShield.net RealClearMarkets...

Overview: A consolidative tone is mostly the theme of the day. The revisions to the US CPI announced before the weekend add to the uncertainty and focus on tomorrow’s report. At the same time, investors watch ongoing air space activity that has led to a few objects being shot down over the US and Canadian airspace. Yet the fear of escalation seems too mild still, but China’s ability to secure a rapprochement and leave its “wolf diplomacy” behind is strained, even as...

If the dollar has lost 97% of its value, then why had the world prospered so much during that time when it did? The answer provides tremendous insight into several fallacies about the global currency arrangement, even a window into current age of so much "sudden" and "unexpected" geopolitical balloon-based instability. Eurodollar University's Weekly Conversation, featuring Steve Van Metre...

swissinfo.ch Swiss citizens look set to vote on a people’s initiative to try to ensure their economy never becomes cashless. What do the campaigners behind the idea really want? More from this author Cash is widely used in Switzerland, much more so than in many other countries. In Sweden, only 9% of people still pay with notes and coins; in the United States the figure is around 60%. Meanwhile, 97% of people in Switzerland still keep some cash at home or...

There is an element of inevitability in play, but it isn’t about central bank bailouts, it’s about Death Spirals and the collapse of unsustainable systems. The vapid discussions about “soft” or “hard” landings for the economy are akin to asking if the Titanic’sencounter with the iceberg was “soft” or “hard:” either way, the ship was doomed, just as the global economy is doomed by The New Normal of Death Spirals and Speculative Frenzies. Death Spirals are the...