SNB & CHF

13.09.2022 – The Producer and Import Price Index fell in August 2022 by 0.1% compared with the previous month, reaching 109.6 points (December 2020 = 100). Lower prices were seen in particular for petroleum products, basic metals and semi-finished metal products. In contrast, chemical products became more expensive. Compared with August 2021, the price level of the whole range of domestic and imported products rose by 5.5%. These are the results from the Federal...

This is the story of a man, an intellectual, born after World War I, who spent studying his university years in New York and became acquainted and studied under German Jewish émigré who fled the Nazi regime in Germany, later becoming mentor and protégé. That man belonged to the political Right, taught in two different universities during his lifetime, the first one in the Eastern United States, the second in the Western part of the country, was cast out of more...

Ladies and Gentlemen I welcome you all to the ceremony of the Carl Menger Award, given by the Verein für Socialpolitik. I do so in the name of the sponsors of the award, namely the Deutsche Bundesbank, the Oesterreichische Nationalbank and the Swiss National Bank, as well as on behalf of the selection committee. This important award is given in recognition of outstanding research work relating to monetary economics and monetary policy. The city selected as the venue...

Deepfakes werden immer detailverliebter. Inzwischen fällt es zusehends schwerer die Fakes von authentischen Aufnahmen zu unterscheiden. Dies hat leider auch die Tür geöffnet für Betrugsfälle, bei denen Prominente wie Elon Musk vermeintliche Crypto-Angebote bewerben. Crypto News: Vorsicht bei Elon Musk Deepfake Cryptocoin-BetrugIm Cryptomarkt ist der Name Elon Musk wohl der einflussreichste. Daher überrascht es nicht, dass vor allem Musk immer wieder in Deepfakes...

A study by the Federal Reserve finds that quantitative tightening has a statistically significant effect on rates and yields. Too bad the effect is IMMATERIAL in the EXTREME! Also, same study notes that quantitative easing is similarly a big, 'nothing burger' (their words; ok, ok - my words). ****EP. 288 REFERENCES**** How Many Rate Hikes Does Quantitative Tightening Equal?: https://bit.ly/3BwhD3y The Infatuation With Fanciful Stories of Fascinating Bank Reserves: https://bit.ly/3xcXyMT...

Overview: The US dollar remains offered ahead of today’s CPI report. Most European currencies are outperforming the dollar bloc, and the greenback is holding inside yesterday’s range against the yen. Most emerging market currencies are firmer, as well. China’s markets re-opened from the long-holiday weekend and the yuan is a touch softer. After the strong close to US equities yesterday, and some mild follow-through buying today in the futures, equities in the Asia...

swissinfo.ch/Delali Adogla-Bessa As the world’s second-largest cocoa producer continues to lose swathes of farmland to illegal gold mining, Switzerland’s chocolate makers are waking up to the threat to their raw material supply. SWI swissinfo.ch special series: An African perspective on cocoa Native to Central and South America, cocoa cultivation in West Africa was first recorded in 1868. The archives of the Royal Botanic Gardens in Kew refer to a few cocoa trees...

Access to the metaverse is complex and expensive, which is why it is so far used almost exclusively by large companies. The Zurich and Verbier-based PR agency Rent a PR, which has been providing on-demand public relations and communications consulting for five years and has been accepting Bitcoin payments since 2019, is setting another milestone with cooperation and press conferences in the metaverse. The new service covers all the processes companies use to contact...

Many Swiss dream of owning a single-family home in the countryside and passing it on to their children. For most, this dream is increasingly unrealistic. Journalist and deputy head of the swissinfo.ch editorial group for German, French and Italian. Earlier, worked for Teletext and Switzerland’s French-language national broadcaster. More from this author | French DepartmentSamuel Jaberg In 2015, before starting a family, Ophélie* and her partner Laurent*...

All of these are structural dynamics that won’t go away in a few months or years. Let’s explore what’s different now compared to recessions of the past 60 years. 1. Deglobalization is inflationary. Offshoring production to low-cost countries imported deflation (product prices remained flat or declined) and boosted corporate profits. Deglobalization will increase costs and pressure profits. Just as cleaning up the environmental damage of rampant industrialization...