SNB & CHF

Ever since the federal government was converted from a limited-government republic to a national-security state after World War II, America has lived under a system of ongoing, never-ending, perpetual foreign-policy crises. That’s not a coincidence. The national-security establishment — i.e. the Pentagon, the CIA, and the NSA — need such crises to justify their continued existence and their ever-growing taxpayer-funded largess.  An interesting aspect of this...

China's economic results for July were "gruesome", the rest of the year not been much better. That's troubling enough but when the yuan doesn't move a scintilla for weeks it suggests the People's Bank of China is fighting hard to prevent a depreciation -- maybe even a devaluation? ****EP. 279 REFERENCES**** Beijing is tanking the domestic economy — and helping the world: https://on.ft.com/3QNQe2h August data shows a still-struggling economy: https://bit.ly/3TcGXlM Russell...

Jeffrey Snider about US Dollar : How the global monetary system actually works. What really make the FED. What is QE and QT. The whole episode is epic-https://www.youtube.com/watch?v=Z5yN9dTd9F8

Overview: A simply dreadful flash US PMI stopped the dollar’s four-day rally in its tracks. It followed news that the eurozone, Japan, and Australia’s composite PMIs are below the 50 boom/bust level. However, the dollar recovered, even if not fully as the market seemed unconvinced that the data could change Fed Chair Powell’s message at Jackson Hole on Friday. A consolidative tone is evident today. Asia Pacific equities were mixed. China and Hong Kong fell more than...

Streetlights in Zurich © Keystone / Gaetan Bally Leading voices from business and politics have called on the Swiss government – and in particular economy minister Guy Parmelin – to do more about possible energy and gas shortages over the winter. The energy shortage is “imminent”, Roger Nordmann from the left-wing Social Democratic party told the SonntagsBlick. “The war in Ukraine is causing acute gas shortages. Half of the nuclear power plants in France are at a...

Parmelin says every effort must be made to avoid imposing energy restrictions. ©keystone/peter Schneider The threat of energy shortages in Switzerland this winter should not be over-dramatised, Economics Minister Guy Parmelin has said in response to growing calls at the weekend for government action. A number of business groups and left-leaning political groups voiced concerns in last weekend’s newspapers, with some taking aim at the government for a perceived lack...

A New Type of Fighter Bonus The UFC has started paying fan bonuses to its fighters in Bitcoin. The UFC buys crypto at a fixed dollar amount and pays their fighters a bonus in cryptocurrency. As someone who loves the UFC and monetary economics, I wanted to offer an alternative solution to the UFC and its athletes. The Problems with Crypto This takedown of crypto will focus on the speculative aspect of cryptocurrencies. Crypto’s greatest draw is also its fatal flaw....

The Fed and other central banks have zero control of supply-driven inflation, period. America’s financial punditry is bewitched by four fatal fantasies: 1. Inflation is demand-driven. If the Federal Reserve (or other central banks) reduce demand with monetary tools like raising interest rates, inflation will cool. 2. Substitution of high-cost goods with lower-cost goods reduces inflation, and substitution is infinite: there’s always cheaper chicken if beef gets too...

Taken from "ReSolve Riffs with Jeff Snider & Emil Kalinowski of Eurodollar University on Inflationary Market Signals" https://youtu.be/Zo1w5Xofw-E ============================================================= For the transcript of this video visit: https://investresolve.com/podcasts/resolve-riffs-with-jeff-snider-emil-kalinowski-of-eurodollar-university-on-inflationary-market-signals/ ============================================================= For our latest research...

Taken from "ReSolve Riffs with Jeff Snider & Emil Kalinowski of Eurodollar University on Inflationary Market Signals" https://youtu.be/Zo1w5Xofw-E ============================================================= For the transcript of this video visit: https://investresolve.com/podcasts/resolve-riffs-with-jeff-snider-emil-kalinowski-of-eurodollar-university-on-inflationary-market-signals/ ============================================================= For our latest research...