SNB & CHF

Overview:  The markets seem to lack conviction today. Stocks in the Asian Pacific region advanced. Europe’s Stoxx 600 is giving up its earlier advance, and US futures are heavier. Australian and New Zealand bonds played catch-up after the rise in the US and Europe yesterday. Their benchmark yield rose 14 bp and 10 bp, respectively. The US 10-year Treasury yield is firm near 3.77%, while European bonds are narrowly mixed, though Gilts are under pressure. The 10-year...

Language is the perfect instrument of empire. —Antonio de Nebrija, bishop of Ávila, 1492 The bishop was correct, in his time and ours. Spain proceeded to become the most powerful empire in the world over the following century, spreading her mother tongue across the Americas—just as the Roman army had imposed Latin across its sweep and just as the British Empire would bring English to India and Africa. American dominance in the twentieth century similarly meant...

Die Schweizerische Nationalbank (SNB) ist zu weiteren Zinserhöhungen bereit, um die Inflation unter Kontrolle zu bringen. Es gebe vermehrt Anzeichen für Zweitrundeneffekte, sagte SNB-Direktoriumsmitglied Andrea Maechler am Mittwoch bei einer Veranstaltung in Zürich. “Es könnte wirklich gut passieren, dass wir auch noch weitere Zinsenerhöhungen machen müssen.” Die Schweizer Währungshüter hatten angesichts der gestiegenen Teuerung im vergangenen Monat den Leitzins um...

Our guest this week is Ed Steer, expert gold and market analyst and author of the Gold & Silver Digest. We invited Ed onto GoldCore TV to get his take on what is concerning him most in financial markets, movements in SLV and sanctions against Russia. He also draws our attention to central bank purchases of gold. Ed’s interview serves as a reminder that those who currently do own gold and silver are just the tip of the iceberg when it comes to the number of people...

Overview: Hopes that the global tightening cycle is entering its last phase supplied the fodder for a continued dramatic rally in equities and bonds. The euro traded at par for the first time in two weeks, while sterling reached almost $1.1490, its highest since September 15. The US 10-year yield has fallen by 45 bp in the past five sessions. Yet, the scar tissue from the last bear market rally is still fresh and US equity futures are lower after the S&P 500 had...

The energy crisis is causing electricity prices to soar across Europe, including in Switzerland. But the impact on the country is very unequal because of specific characteristics of its market. The sharp rise in electricity prices has delivered a heavy blow to the European market, which has been fully liberalised since 2007. States are being forced to delve deep into their coffers to support households and businesses. Voices questioning the wisdom of fully opening...

Today’s intellectual framework considers government spending to be the solution to any economic and social problem. Be it helicopter money to households and businesses during the pandemic, subsidies for electric cars, or debt forgiveness to students, the government generosity must be growth and welfare enhancing by definition. Government spending is even more praised if it is labeled an “investment” in green projects, in industries making countries self-sufficient in...

Swiss National Bank monetary policymaker Andrea Maechler is speaking at 1130 GMT, at an event titled: After the interest rate change: high inflation, rising interest. How will it affect the Swiss economy? In September: SNB raises policy rate by 75 bps to 0.50%, as expected EUR/CHF has been recovering from its recent lows: . [embedded content]...

Rumors spread wildly on social media that Emperor Xi had been replaced. Canceled airline flights, generals replaced, Xi missing for two weeks. The coup wasn't real, but what made it seem possible was - a fella by the name of Song Ping. Really what Song "represents" about China's past, possibly the world's future. Eurodollar University's Money & Macro Analysis Articles discussed in this video:...

Kiyosaki wurde vor allem durch sein Buch Rich Dad Poor Dad berühmt. In diesem Finanzbuch für jedermann geht es darum, wie auch Menschen mit einem Durchschnittseinkommen reich werden können. Inzwischen scheint für den Autor auch Bitcoin zu einer Finanzstrategie zu gehören, die reich machen kann. Bitcoin News: Robert Kiyosaki rät zum Kauf von BitcoinKiyosaki hatte in der letzten Woche vor einem Anstieg des Leitzinses durch die Zentralbanken gewarnt. Er ist sich auch...