SNB & CHF

Swiss Army knives are very popular in Russia, the fifth-largest market for manufacturer Victorinox © Keystone / Gaetan Bally Leading Swiss brands have withdrawn from Russia because of the war in Ukraine. However, research by a Swiss newspaper shows that while a company can leave a country, its products often remain on shelves. “It’s a mass exodus. Since Russia invaded Ukraine in February, thousands of foreign companies have left the country. Some with grand...

Governments and central banks have become the lender of first resort instead of the last resort, and this is immensely dangerous. Global debt soars, inflation creeps in, and many of the so-called supply chain disruptions are the result of zombification after years of subsidizing low productivity and penalizing high productivity with increased taxes. There are many reasons why nations should not “spend now and deal with the consequences later.” First, the spending is...

Quantitative easing was designed as a tool to provide time for governments to implement structural reforms, boost growth, and strengthen the economy. However, it has become a tool to increase the size of government and take increasingly riskier levels of debt. The United States economy has not strengthened in the period of enormous fiscal and monetary stimuli, as the latest data shows. It needs increasing units of debt to generate a new unit of gross domestic product...

What do foreign UST buyers know that maybe American bond sellers don't? The latter seem to care all about he Fed. The former are facing more obvious problems beginning with a massive global dollar shortage. More than the domestic housing bust, these underappreciated monetary problems are leading to more inversion. . Eurodollar University's Weekly Recap, featuring Steve Van Metre Twitter: https://twitter.com/JeffSnider_AIP https://www.eurodollar.university https://www.marketsinsiderpro.com...

There are five additional points that have been made about the Alex Jones case that I wish to address, four of which were expressed in emails to me and one of which was expressed in an article published today by Judge Andrew Napolitano. (See part 1 and part 2 of this series here and here.) 1. Some of Jones’s supporters say that the Connecticut trial was a “kangaroo” proceeding because the judge excluded matters that Jones wanted to tell the jury. But it’s important...

The UK pension crisis is a warning. Twitter: https://twitter.com/leadlagreport​​​​​ Facebook: https://www.facebook.com/leadlagreport​​ Instagram: https://instagram.com/leadlagreport​​​ Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code YOUTUBE30 for 2 weeks free and 30% off. Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. The content in this program is for informational purposes only....

For many commentators, a change in the shape of the differential between the long-term interest rate and the short-term interest rate—i.e., the yield spread provides an indication of the likely direction of the economy in the months ahead. Thus, an increase in the yield spread raises the likelihood of a possible strengthening in economic activity in the months to come. Conversely, a decline in the yield spread is seen as indicative of a possible economic downturn...

Switzerland continues to look for ways to save on electricity and gas this winter. © Keystone / Gaetan Bally Switzerland has launched an Energy Saving Alliance of companies, government, cantons, civil society and municipalities in an effort to preserve gas and electricity supplies over the winter. The Alpine state is among many European countries facing power shortages following Russia’s decision to cut off gas supplies. Swiss Energy Minister Simonetta Sommaruga and...

In Switzerland, it pays not to be married. Married couples pay higher taxes and receive lower state pensions than unmarried couples. Two referenda were launched this week to change this, reported RTS. [caption id="attachment_948338" align="alignleft" width="400"] Photo by Mikhail Nilov on Pexels.com[/caption] Across much of the world, individuals and couples pay the same tax and receive the same welfare payments regardless of whether they are...

A negative swap spread sounds like total nonsense - at first. But in a ledger money, fictive currency system what matters is the capacities of those who collectively keep track of the distributed ledger. This is where that nonsense isn't just useful, it is extremely valuable. Swaps are the ledger and they are saying there is a very real and worsening problem on it. Global (euro)Dollar Shortage. Swap study mentioned in this video:...