SNB & CHF

Data published this week by Switzerland’s Federal Statistical Office (FSO) show that the number of active workers in Switzerland rose to a record 5.239 million by the end of 2021. Photo by Lex Photography on Pexels.com The number of people employed at the end of 2021 was 1.9% higher than at the end of 2020. 5.239 million represents around 73% of those 15 or older. Sharp rise in hotel and restaurant jobs The number of people actively...

To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Tom welcomes back Keith Weiner, to the show. Keith is the President & Founder of Gold Standard Institute USA and CEO of Monetary Metals. Keith discusses how he makes his market forecast and why he begins with ruling out certain data. He examines the basic price for metals and looks at the spread compared to futures to determine market inventory. This was the hardest year to predict...

Let’s call this financial system what it really is: the MetaPerverse, a conjured world of self-serving cons. We live in a peculiar juncture of history in which truth has been banished as a threat to the maximization of private gain, i.e. the hyper-pursuit of self-interest. Evidence that supports a causal chain has been replaced by cherry-picked data that supports a self-serving narrative: both the evidence and narrative are manufactured to serve the interests of the...

According to the popular way of thinking, our knowledge of the economy is elusive. Consequently, the best that we can do is to attempt to ascertain some facts of economic reality by applying various statistical methods to the so-called macro data. For instance, an economist is of the view (i.e., he has a theory) that consumers’ outlays on goods and services are determined by personal disposable income and the interest rate. The personal disposable income and the...

At 146 million, the population of Russia is smaller today than it was in 1989—when it was 147 million. Russia’s population is expected to decline even more. Some estimates conclude Russia’s population could fall below 100 million by 2100. This continues a trend that was already in place across the Soviet Union at the time of that state’s collapse. Union-wide population peaked at around 290 million in the late 1980s, and has never recovered.Like many Western wealthy...

Overview: News that the separatists were calling on Moscow for military assistance began the risk-off move, and Russia hitting targets across Ukraine has rippled across the capital markets.  Equites have been upended.  Most bourses in the Asia Pacific region were off 2%-3%, while the Stoxx 600 in Europe gapped lower and is off around 3.5% in late morning dealings.  It is at the lowest level since May last year.  US futures are sharply lower, and the S&P 50 is...

Über Nacht ging es weitere 10 Prozent runter für den Bitcoin Preis. Der gesamte Markt gab deutlich nach, nachdem es in der Ukraine zu einer weiteren Verschärfung der Situation kam. Viele Altcoins verloren sogar im Vergleich zum BTC zusätzlich. Bitcoin News: Situation in der Ukraine schickt Bitcoin Kurs in den KellerAls „Nosedive“ wurde die Kursentwicklung des Bitcoin in den vergangenen 24 Stunden in den Crypto-Medien bezeichnet. Und der Kurs landete tatsächlich auf...

Credit Suisse has rejected all allegations in this case as meritless © Keystone / Christian Beutler The Office of the Attorney General of Switzerland has demanded Credit Suisse be fined CHF5 million ($5.4 million) – the maximum provided for by law – for aggravated money laundering and subsidiary support of a criminal organisation. Switzerland’s second-largest bank is a defendant in a trialExternal link, which began on February 7, involving millions of euros that were...

Now it’s the Russian’s fault. Belligerence surrounding Donbas and Ukraine, raw materials and energy supplies to Europe threatened by Putin’s coiled bear. Why wouldn’t markets grow worried? There’s always a reason why we shouldn’t take these things seriously, or quickly dismiss them out of hand as the temporary product of whichever political fear-of-the-day. This isn’t to write that these things aren’t important in any sense; no doubt anyone in or near Ukraine right...

Tom welcomes back Jeff Snider to the show. Jeff again brings us his extensive knowledge of bonds and the shadow money system. To subscribe to our newsletter and get notified of new shows, please visit http://palisadesradio.ca Jeff explains the purpose of swap spreads which includes reflecting systemic credit risk. Back in October 2008 something significant changed as spreads turned negative. The 2008 crisis was primarily about the money dealers since without them there is no banking...