SNB & CHF

The stock market hasn’t been moneyed; well, US equities, anyway. What do I mean by “moneyed?” Common perceptions (myth) link the Federal Reserve’s so-called money printing (bank reserves) with share prices. Everyone still thinks there’s a direct monetary injection in this case by the central monetary agency which causes stocks to rise for no good reason. While we don’t have to argue the Fed’s bank reserves here, the truth of the matter is stocks have been severed...

First it was Columbine. Then it was Parkland. Now, we learn that at Robb Elementary School, police officers again stood around outside a school while the killer was inside with children. NPR reports today: Frustrated onlookers urged police officers to charge into the Texas elementary school where a gunman’s rampage killed 19 children and two teachers, witnesses said Wednesday, as investigators worked to track the massacre that lasted upwards of 40 minutes and ended...

The Russian invasion of Ukraine has brought America’s foreign policy interventions under the limelight once again. Ryan McMaken argues that the US administration’s claim that countries should not have the right to a sphere of influence, implicitly addressing Russia, is hypocritical. The US opposes a sphere of influence for Russia and other regional powers, while at the same time has steadily expanded its own global outreach. Among other, one can judge how true this...

In canton Zug in central Switzerland, the richest 10% earn almost half of all income and provide 88% of all cantonal tax revenue. Keystone / Urs Flueeler While the gap between rich and poor has been steadily widening in many countries, the situation in Switzerland has remained stable over the past decades, according to recent statistics. Yet while income distribution in the Alpine nation is relatively egalitarian, wealth is more concentrated in the hands of the...

The new episode of our "Switzerland says sorry" series tells the unbelievable story of how Switzerland «invented» fondue as a way to get rid of all the surplus cheese it produced but was unable to sell otherwise. The video gives a short insight into the Swiss Cheese Union, a mafia-like cheese cartel responsible for price-fixing, bribery and flooding the world with melted cheese. «Switzerland Says Sorry» is a work of satire. Written, performed and produced...

Jason Hartman interviews Jeff Snider, Chief Investment Strategist and Head of Global Research at Alhambra Investment Partners. Consumer prices and asset markets have created the illusion of a red hot economy, but according to Jeff, the bond market has been telling us what's been wrong since 2008. Jeff shares with us some incredible data that shakes up traditional thinking and gives us his insights on the Federal Reserve, interest rate hikes, monetary policy and money printing and the...

What is real wealth? What's the relationship between interest rates and Bitcoin? Do central banks know what they are doing? Matthew Piepenburg from Matterhorn Asset Management and Monetary Metals CEO Keith Weiner sit down to discuss it all. Earn Interest on Your Gold and Silver with Monetary Metals 🏆 Gold Financing, Simplified™ https://buff.ly/3wLaI2F 🔐 The New Way to Hold Gold https://buff.ly/3xoCgNm 📈 The Case for Gold Yield in Investment Portfolios https://buff.ly/3N0UGco 🏦...

Proponents of arming Ukraine against Russia call critics “isolationists” as a pejorative term. But these “entangling alliances” have a history of sad endings with tragic results. Original Article: “Noninterventionism Is Not Isolationism: The US Government Should Stop Arming Ukraine” Libertarians, liberty-wing Republicans, and other opponents of nondefensive wars are popularly misconceived as having an “every man for himself” approach to both economics and...

This one took some real, well, talent. It was late morning on April 11, the crude oil market was in some distress. The price was falling faster, already down sharply over just the preceding two weeks. Going from $115 per barrel to suddenly less than $95, there was some real fear there. But what really caught my attention was the flattening WTI futures curve. Up in the liquid front, it was closing in on contango and had it achieved that reshaping it would have been,...

In 2021, the area under cereals (146 400 ha) increased by 3% compared with 2020, while that under potatoes (-2%) and sugar beet (-8%) decreased. The number of farms (48 864) fell further, while organic farming continued to grow. While the number of dairy cows stabilised, the number of poultry continued its upward trajectory (+1.1%). Furthermore, 150 200 people (+0.5%) worked on farms in Switzerland. These results are taken from the farm structure survey 2021...