SNB & CHF

Credit Suisse Chairman Axel Lehmann expects 2023 and 2024 to be years of transformation for the bank as it seeks to stabilise after years of mishaps © Keystone / Michael Buholzer Credit Suisse is “definitely stable”, Chairman Axel Lehmann has told Swiss public television, SRF, adding that the embattled bank had seen a stabilisation in the outflows of client funds. The bank has reported sharp outflows as wealthy clients move assets elsewhere, while the bank...

The only rational response to this reality is to opt out, lay flat and let it rot. In my previous post, The Bubble Economy’s Credit-Asset Death Spiral, I described the self-reinforcing feedback of expanding credit and soaring asset valuations and how the only possible result of this financial perpetual motion machine was a death spiral of collapsing debt service, collateral and credit impulse. But this didn’t exhaust the destructive dynamics of this self-reinforcing...

In the laboratory of history, great inflation followed by great disinflation opens the road to monetary regime change. Sometimes the road leads to a better place. Think of the US return to gold in 1879 following the inflationary issue of greenbacks during the Civil War; or the era of the hard deutsche mark when the German Bundesbank responded to the great inflation and bust of the late 1960s and early 1970s by insulating its money from continuing US inflationary...

SBTV (https://www.silverbullion.com.sg/SBTV) spoke with Keith Weiner, Founder and CEO of Monetary Metals, about why gold is the best money and why the yield curve inversion in Treasury yields point to a collapse of credit demand. Keith Weiner's Monetary Metals: https://monetary-metals.com Discussed in this interview: 00:00 Introduction 01:41 Chip's in the Fed's casino 03:14 Gold, the economic constant 08:04 Why bitcoin cannot be money 11:09 What is money? 15:51 The CBDC digital dollar...

You really, *really* need to understand what market curves are telling you - and why. To get the best sense, let's go through the fundamentals, make what might seem a startling comparison, and then see if all that matches what we're just now seeing come up in the data. Eurodollar University's Money & Macro Analysis Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com https://www.PortfolioShield.net...

Overview: The sharp sell-off of US stocks yesterday as sapped the risk appetite today. Equities are being sold. Hong Kong and the index of mainland shares that are listed there led the regional decline with 3.2%-3.3% losses. Europe’s Stoxx 600 is off about 0.65% in late morning turnover, the fourth day of losses. US futures are trading with a lower bias as well. European 10-year bonds are mostly 1-2 bp firmer. The US 10-year Treasury is practically flat at 3.53%....

In the midst of excessive US economic and geopolitical uncertainties due to rampant inflation and the continuing Russian invasion of Ukraine, the 7.7 percent October inflation report comes as a small relief. The unemployment rate touched 3.7 percent in October, remaining near the 3.5 percent prepandemic level and slightly above the 3.4 percent natural rate of unemployment of the fourth quarter of 2021. The Covid Inflation The general increase in price levels, most...

Swiss ski resorts are considering reducing the speed of ski lifts among various measures aimed at helping save energy this winter. © Keystone/gian Ehrenzeller Swiss ski resorts are gearing up for their biggest winter season since the Covid-19 pandemic. But soaring power prices in the wake of the Ukraine war have resort managers scrambling to find ways to save energy. The first ski slopes opened in the Swiss Alps in early November thanks to fresh snow in...

Pure online brands are among the biggest winners this year © Keystone / Christian Beutler Online media replaced television as the most influential media genre in Switzerland for the first time in 2021, according to a study. Large brands such as 20 Minuten and Swiss public radio and television, SRF, lost influence in favour of smaller titles. In terms of importance for opinion-forming, print titles slipped to the bottom of the ranking, even behind radio and social...

6 Outstanding Students Earn Almost $10,000 in Tuition Assistance Eagle, Idaho (December 6, 2022) – Six outstanding students beat out almost 100 of their high-school and college peers in making the best case for sound money through an international, gold-backed scholarship competition… …and the winners walked away with a total of $9,500 in scholarship awards for their exceptional, thought-provoking essays. For the sixth-straight year, Money Metals Exchange, the U.S....