SNB & CHF

The U.S. economy contracted for the second straight quarter during the second quarter this year, the Bureau of Economic Analysis reported Thursday. With that, economic growth has hit a widely accepted benchmark for defining an economy as being in recession: two consecutive quarters of negative economic growth. According to the BEA, the US economy contracted 0.9 percent during the second quarter in the first estimate of real GDP as a compounded annual rate. This...

Rothbard's two-volume An Austrian Perspective on the History of Economic Thought contains a lengthy reference list, but a close look at the books reveals that Rothbard continually cited certain authors and borrowed his theses from them. One of them was Emil Kauder. Kauder appears to be quite an important figure: a member of the third generation of Austrian economists in Vienna and a prolific scholar whose publications appeared in many academic outlets. Yet, Kauder...

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Bear Market Jeff Snider,The Fed Has Been Lying & Have No Ideas What's Going On. Jeff Snider is one of the foremost experts on the global monetary system. #jeffsnider#recession#bearmarket#inflation credit https://www.youtube.com/watch?v=mg4ksE3SBrw DISCLAIMER : I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. This information is what was found publicly on the...

Hear it Here - adbl.co/3OFQ1MB When I burned out, what I wanted but could not find was a practical guide by someone who had experienced burnout themselves. None of the material I found spoke to what I was experiencing or to my sense that our economy is now optimized to burn people out. I decided to write the guide I wanted but could not find. This is my experience of burnout, reckoning and renewal. This book is my account of what helped me. The intended audience is other burnouts and...

James Bullard, St. Louis Fed chief, says the yield curve is twisted by the inflation surge, and may not be a recession message. Indeed, markets are twisting it because they have confidence the central bank will get control of consumer prices. ----EP. 268 REFERENCES---- Derby’s Take: Fed’s Bullard Says Yield-Curve Signal Might Not Be So Ominous: https://on.wsj.com/3PNKFAc Since When Does the Fed Funds Rate Have Anything To Do With Anything?: https://bit.ly/3ougulL RealClear...

In den letzten beiden Wochen hat Ethereum Classic an Fahrt aufgenommen. Nachdem es vor ein paar Jahren zu einer Fork gekommen war, die uns den von Buterin unterstützen Ethereum und einen Alternative Cryptocoin mit dem Namen Ethereum Classic brachte, ist der Classic Cryptocoin schrittweise aus den vorderen Positionen des Marktes verschwunden. Doch diese Woche ist der Classic Coin sogar wieder in den Top 20 gelandet. Ethereum News: Ethereum Classic erlebt intensive...

There is more talk of secession and civil war in the United States today than at any time since the 1850s, and popular confidence in government appears to be at an all-time low. As a foreigner, I have no particular red or blue loyalties, but I have deployed with Americans on many occasions, and in some ways, their history is also mine. There is a chance that history will look at the culture wars of the 2010s as a prelude to the great disintegration of the 2020s, so...

A monopoly is often seen as one of the gravest and most concerning manifestations of market failure. In the neoclassical tradition, the existence of a monopolist in a market is generally seen as sufficient justification for government intervention to put a halt to the monopolist's exploitative ways. The Austrian tradition, however, has historically remained skeptical of this alleged problem of monopoly. Two of the most prolific Austrian theorists, Murray Rothbard and...

Like most central banks the Swiss National Bank (SNB) is tasked with monetary stability. However, in the process it can inadvertently generate large profits and losses. SNB – BernWhen monetary policy is expansionist and the resulting assets held by the SNB rise in value it can generate large profits as it has over the last few years. However, when the Swiss franc strengthens and asset values slump the bank can generate large losses as it did in the first half of...