SNB & CHF

The Swiss town of Davos is famous for mountain slopes, winter sports and the annual meeting of the World Economic Forum. But did you know that it also attracts scientists and doctors from all over the world? In this six-part video series, SWI swissinfo.ch journalists Sara Ibrahim and Michele Andina take you on a journey to discover five of Davos’s research institutes. In this first episode, they take you to the AO Davos Courses, a two-week training congress for surgeons learning to...

Those who know Wall Street lore sometimes recall that Fed chairman William Miller—Paul Volcker’s immediate predecessor—joked that most Americans believed the Federal Reserve was either an Indian reservation, a wildlife preserve, or a brand of whiskey. The Fed, of course, is none of those things, but there’s also one other thing the Federal Reserve is not: an actual bank. It is simply a government agency that does bank-like things. It’s easy to see why many people...

China's Q4 and December 2022 macro data is in and it made a lot of people giddy with excitement. Even though the numbers were awful, they weren't as awful as feared. Is this a sign the Chinese economic giant is awakening in the nick of time to save us all from bad recession? A huge development in one global curve provides an answer. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university...

Gold stayed stable amid widespread volatility in 2022, and with global uncertainty still running high more investors are considering adding the yellow metal to their portfolios. But where is the best place to start? Keith Weiner of Monetary Metals breaks down the basics, explaining what investors need to know about investing in physical gold, gold exchange-traded funds (ETFs), gold stocks and gold futures. "I think everybody should have some (gold)," he said. "It's not...

Overview: With the market nearly ruling out a 50 bp hike by the Federal Reserve on February 1, the interest rate adjustment appears to have largely run its course. This may be helping to ease the selling pressure on the greenback. The general tone today is one of consolidation. There is a modest risk-off bias today. Although Japanese stocks advanced, China, Hong Kong, and South Korean equities slipped lower. Europe’s Stoxx 600 is snapping a four-day advance, and US...

Food and energy are among the industries dominated by a small number of players that have effective oligopolies, and the lack of competition allows them to keep prices high, Oxfam says Keystone / Alessandro Della Bella Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said on Monday as the annual meeting of the World Economic Forum (WEF) gets underway in the Swiss mountain...

Australia’s superb performance on measures of international development has earned her the admiration of many. Few countries can boast such stellar achievements in economic and social affairs. Currently, Australia has the highest median wealth per adult in the world and outperforms the Organisation for Economic Co-operation and Development (OECD) average in civic engagement, health, education, and other dimensions of well-being. Australians are equally lauded for...

(St. Paul, Minnesota, USA – January 16th, 2023) – Legislators in the Twin Cities seek to fully exempt gold and silver from Minnesota’s state sales tax. House Rep. B. Olson and Sen. Draheim have introduced HF 106 and SF 373, respectively. These two measures would include coins to Minnesota’s current sales tax exemption, which only exempts bars and rounds. Under current law, Minnesota citizens are discouraged from insuring their savings in precious metals coins against...

In the ultimate example of “the personal is political,” families form, break up, or expand due to US presidential elections according to a recent article in the American Economic Review. Apparently, the alternative responses of doom or elation that occasions electoral politics is so extreme that the losers couldn’t bear to bring a child into such a world, while the winners . . . well, you know. In setting the stage for this phenomenon, the authors noted that when...

Even the usually compliant members of the financial media can sense what's coming. While officials at the Fed remain focused on CPIs, the storm of recession and worse is now visible looming in the background. The Fed says don't worry, it has the tools to save us should it become necessary. It will and they can't. Part 2 of 2 about why. Eurodollar University's Money & Macro Analysis Fed Chairman Powell Press Conference November 2, 2022...