SNB & CHF

In effect, authorities created two rat farms, both unintended: the sewers, and the private-sector rat-farms. The history of Rat Farms offers a valuable lesson in how markets and bureaucracies work. The story of how the colonial authorities in Hanoi came to establish two kinds of rat farms is highly instructive. The first rat farm was unintentional. French colonial authorities decided to modernize the French Quarter of Hanoi (where Westerners lived) by constructing a...

Viele glauben, dass die Mass Adoption den größten Schritt machen wird, wenn ein Big Player wie Amazon Cryptocoins akzeptiert. Mit einem DeFi Projekt aus Kanada ist genau das nun möglich geworden. Allerdings hat die Sache einen Haken. Crypto News: Bei Amazon mit Cryptocoins bezahlen ist schon möglichFrench Connection Finance (FCF) hat mit einem DeFi-Protokoll Zahlungen mit Cryptocoins auf Amazon und auch Netflix ermöglicht. Allerdings brauchen Nutzer dafür eine Visa...

There are five macro highlights in the week ahead. After providing a thumbnail sketch of them, we will look more closely at the price action of the leading dollar-pairs. We suspect that the dollar is in the process of carving out a top amid ideas that a 5.0% terminal Fed funds rate is discounted. Sterling’s panic low recorded late September near $1.0350 may indeed by the cyclical low. It took place amid cries that it was an emerging market and linear projections...

Such is the intellectual stature of Ludwig von Mises that even many decades after his passing the opponents of classical liberalism and laissez-faire capitalism continue to attack his life’s work. A recent instance of this phenomenon is an article published in Jacobin by Matt McManus, which, rather unoriginally, accuses Mises of being a “market ideologue” rather than a “hardheaded thinker.” As readers of this website may expect, McManus fails to substantiate his...

Building large solar parks in high-mountain regions is arguably an effective way to produce more power in winter and accelerate the energy transition. But it remains controversial in Switzerland, where environmental groups have contested planned installations. Born in London, Simon is a multimedia journalist who has worked for www.swissinfo.ch since 2006. He speaks French, German and Spanish and focuses on science, technology and innovation issues. More from...

The “new history of capitalism” (NHC) continues to receive widespread acclaim despite mounting inaccuracies. Although critical reviews have punctured adherents’ arguments many still cling to wrongheaded assumptions that exaggerate the role of slavery and cotton in powering America’s economic progress. Several industries were complicit in fueling slavery, but their success was never hinged on slave production. In fact, slavery proved to be a hindrance to commercial...

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:...

[caption id="attachment_949458" align="alignleft" width="400"] © Guenter Purin | Dreamstime.com[/caption] The Swiss People’s Party (UDC/SVP) argued this week that the CHF 6 billion spent on state employees should be cut, reported 20 Minutes. Since 2007, the amount spent on state employees has risen by around a third from CHF 4.5 billion to more than CHF 6 billion. In 2021, there were close to 40,000 people working for the Swiss state, a number...

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....

Media reports claim this debt prevents economic recovery. Chuck Schumer would erase it with the flick of a pen. Elizabeth Warren would remove it to free students’ ability to buy a house and form a family. Janet Yellen opines paying off student loan debt (SLD) will free up venture capital. Alexandria Ocasio-Cortez claims the proposed Biden plan is inadequate. The complexities of SLD are simplified for the public by moving details into an abyss of aggregates; “average...