SNB & CHF

Der Kampf der EZB gegen die Rekordinflation wird zum Teil von einer Haushaltspolitik konterkariert, die zu viel Geld ausgibt, um die steigenden Lebenshaltungskosten abzufedern, sagte Ratsmitglied Robert Holzmann. “Die Fiskalpolitik ist aufgrund der sozialen Verwerfungen, die die Inflation hervorruft, genötigt Interventionen vorzunehmen”, sagte der Gouverneur der Oesterreichischen Nationalbank (OeNB) am Freitag vor Journalisten in Wien. “Das Problem, das wir in Europa...

A few days in bed might also help to recover from flu. Keystone / Martin Ruetschi The Swiss health authorities and the manufacturer AstraZeneca are at loggerheads over a nasal spray to vaccinate children and adolescents against influenza. The British-Swedish manufacturer told the Swiss Keystone-SDA agency that it had been asked by the Federal Office of Public Health to introduce its product in Switzerland two years ago. However, the health office had later set...

One thing I can tell you for certain about last week’s big rally on Thursday and Friday: there were a lot of people who desperately wanted a good excuse to buy stocks. And buy they did after a better-than-expected CPI report Thursday morning, pushing the S&P 500 up nearly 6% on the week with all of that coming on Thursday and Friday. The same could be said of bonds which also had a good week, with the aggregate index up 2.3%. The stock market rally probably says...

When bubbles pop, it’s natural selection at its most unforgiving: “adapt or die,” and those who ignore or discount consequential asymmetries will have a very difficult time navigating the triage. After years of relative stability, it seems asymmetries, distortions and denial are playing out in unexpectedly destabilizing ways. These complex and often opaque dynamics are interacting with each other and reinforcing each other in difficult to predict ways. No wonder...

Markets - basically all of them - have been coiled up like a spring as one piece after another had already been clicked into place, just waiting for the last one to confirm the turnaround. The US CPI had been stubbornly holding out against the overwhelming (recession) tide. Until now. With pivot in sight, what does that actually mean? Stocks trade one thing, curves something else entirely. Eurodollar University's Weekly Recap, featuring Steve Van Metre Twitter:...

The role of energy supply is crucial for economic growth in Switzerland according to KOF director Jan-Egbert Sturm. Keystone / Arno Balzarini Economic researcher Jan-Egbert Sturm expects the Swiss economy to stagnate in the next few months. The director of the Swiss Economic Institute (KOF) at Federal Institute ETH Zurich, said Switzerland had been been quite resilient in the current economic environment. “Resilience is based on stable political institutions, a...

Even before the softer-than-expected US inflation, we had been suggesting the dollar was in the process of carving out a significant high. Our strongest conviction was that sterling bottomed in late September at a record low near $1.0350. Our conviction had also been growing that the greenback has topped against the Canadian dollar, a little shy of our CAD1.40 target. Short-term trend followers and momentum traders have to adjust positions, and long-term structural...

Sign up for our free weekly newsletter at https://www.JayMartin.club Jeff Snider from Eurodollar University gives his forecast for the global economy and makes a bold prediction about the next world reserve currency. Jeff stresses that a shift will occur but the corrupt banksters who run the economy won't give up their vast power and wealth without a fight. Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC...

Policymakers have often said that exchange rates should reflect fundamentals. What does that really mean? Can they do anything but that? It begs the question of which fundamental factors they should reflect. Therein lies the rub. We are still struck by the latest Bank for International Settlements figures. Their survey found that the average daily turnover in the foreign exchange market was $7.5 trillion a day. World trade last year was about $22.5 trillion. The...

On July 8 this year, UK prime minister Boris Johnson resigned as Conservative Party leader after a Cabinet revolt over a series of ethics scandals had made his position untenable. A leadership election was then set in motion to allow party members to elect the next party leader who would succeed Johnson as PM. The result was announced on September 5: the winner was would-be Margaret Thatcher, Liz Truss. The queen invited Truss to become PM on September 6. Truss...