SNB & CHF

Es kam zum Ende der Arbeitswoche zu einem weiteren Kursabfall. Dieser fiel zwar bedeutend moderater aus als der große Einbruch der vorherigen Woche, doch er führte den BTC wieder unter 50.000 US-Dollar. Einige Experten warnen nun vor einem intensiven Cashout noch in diesem Jahr. Bitcoin News: Experten warnen vor großem Einbruch des Bitcoin Im Wochenvergleich steht Bitcoin trotz der neuerlichen Korrektur besser da. Dies liegt aber weniger an einer positiven...

Wer als Schweizer oder Schweizerin im Jahr 2011 im Euroraum Sommerferien machte, merkte plötzlich: Jeden Tag wird alles rasant billiger. Der Euro, der Anfang Juli noch 1,23 Franken gekostet hatte, stürzte bis zum 10. August auf 1,0070 Franken ab. Es waren dramatische Tage an den Märkten und eine Folge der sich ausweitenden Eurokrise – was die Schweizerische Nationalbank im September 2011 dazu veranlasste, die Kursuntergrenze von 1,20 Franken zum Euro einzuführen. Die...

The Swiss National Bank (SNB) is doing its best to keep up with the fast-evolving world of cryptocurrencies and decentralised finance. Switzerland’s central bank has again showcased the capabilities of its fledgling digital franc – an example of a central bank digital currency (CBDC). The SNB has revealed that last month it clubbed together with the Bank of France and mainstream financial companies to pull off a cross-border trade using CBDCs on a distributed ledger...

For many, income inequality is a disease ravaging the fabric of capitalist societies. Therefore, curing this ailment, according to progressives, necessitates an injection of welfare benefits and higher taxes on the wealthy. Guided by a zero-sum outlook, critics believe that the success of the affluent is gained at the expense of the poor. To remind voters that he takes income inequality seriously, during his presidential campaign, Joe Biden expressed concern that the...

Eurodollars are time deposits denominated in U.S. dollars at banks outside the United States, and thus are not under the jurisdiction of the Federal Reserve. Consequently, such deposits are subject to much less regulation than similar deposits within the U.S. The term was originally coined for U.S. dollars in European banks, but it expanded over the years to its present definition. A U.S. dollar-denominated deposit in Tokyo or Beijing would be likewise deemed a Eurodollar deposit (sometimes...

No matter how you feel about the Pentagon and the military-industrial complex, you can’t help but be impressed at how they are able to successfully plunder and loot American taxpayers, no matter how much needless death, suffering, and destruction they wreak on people around the world. Think about it: They just exited Afghanistan after their 20-year failed war against the Taliban, a war that left thousands of American soldiers and countless Afghans dead and the...

Given the seemingly intractable welfare-warfare system that characterizes the United States, it might be tempting for some people to despair and simply give up and surrender to what might appear to be the inevitable — the permanent continuation of our lives as serfs on the welfare-warfare state plantation. After all, Americans have lived under a welfare state since the 1930s, when President Franklin Roosevelt used the Great Depression as an excuse to revolutionize...

In less than a decade the surface area dedicated to growing sugar beets in Switzerland has dropped from 20,000 hectares to 16,500 hectares Thomas Kern/swissinfo.ch Every year from October to December more than 1.5 million tonnes of sugar beets grown in Switzerland are harvested to supply the country’s sugar industry – an industry being kept alive by massive government subsidies. SWI swissinfo.ch reports from Aarberg, home to the country’s largest sugar factory....

The Eurodollar futures curve inverted on December 1st - what's happened since? Also, does the American, German and Japanese sovereign bond market corroborate the Eurodollar futures warning? Lastly, does China's lowered bank Required Reserve Ratio buttress the E$ warning too? -----EP. 177a TOPICS------ 00:00 INTRO: Updating the Eurodollar futures curve inversion; also global bond market yields. 00:41 The 2021 Eurodollar futures inversion had an active first few days. 01:40 A tiny negative...

Hiking, and biking, were rare winners in the pandemic. Keystone / Arno Balzarini New data on Swiss travel habits during the first year of the Covid-19 pandemic show fewer overnight stays, less air travel and a collapse in trips beyond the borders of Europe. In 2020 the Swiss resident population made a total of 15.1 million trips which included at least one night away from home, according to a report published by the Federal Statistical Office (FSO) on Wednesday....