SNB & CHF

[caption id="attachment_858217" align="alignleft" width="400"] Exporting, or perhaps importing, on the Rhine in Basel. © Keystone / Gaetan Bally[/caption] Swiss exports climbed to record levels in 2021, with chemicals and pharma driving much of the growth. Watches, especially luxury ones, also had a good year. Exports came to a total value of CHF259.5 billion ($284.5 billion) in 2021, marking a 15.2% increase on the pandemic year 2020 and a 7% increase on...

Bob starts a series looking into Klaus Schwab, founder of the World Economic Forum and, along with Prince Charles, proponent of the “Great Reset.” Mentioned in the Episode and Other Links of Interest: Klaus Schwab and Prince Charles promoting the “Great Reset” The World Economic Forum’s page on the Great Reset An example of a session from the WEF’s Davos Agenda 2021 conference The WEF’s bio for its founder, Klaus Schwab Schwab’s books The Fourth Industrial...

After consultation with the Swiss Financial Market Supervisory Authority (FINMA), the Swiss National Bank has submitted a proposal to the Federal Council requesting that the sectoral countercyclical capital buffer (CCyB) be reactivated. The buffer is to be set at 2.5% of risk-weighted exposures secured by residential property in Switzerland (cf. appendix). The SNB’s proposal envisages a deadline for compliance with the increased CCyB requirements of 30 September...

Bitcoin 2022 will be the biggest party & networking event of the year! Get 21% off tickets with promo code: YTMAG https://b.tc/conference/ GET YOUR TICKETS TODAY BEFORE THIS PROMOTION ENDS :) #bitcoin #bitcoimagazine #fedwatch #crypto - In this episode of Bitcoin Magazine’s “Fed Watch'' podcast, Christian Keroles and I sat down with Jeff Snider, the head of global investment research at Alhambra Investments and a premier eurodollar expert, for a conversation about the...

Marc Chandler is being interviewed by Dale Pinkert @ForexStopHunter during the F.A.C.E. Webinar. Marc showed the Employment Cost Index Chart. It shows the spike in wages he expects to continue. For top picking the USDollar Marc likes USDCAD. Subscribe to attend for FREE using the following link: http://bit.ly/2WhbchO

http://financialrepressionauthority.com/2022/01/26/the-roundtable-insight-charles-hugh-smith-on-why-many-are-resigning-from-their-jobs/

Die Vereinigten Staaten weisen sinkende Ölreserven auf. Dies führt zu einem Druck auf die Preise. Trotz eines Anstiegs der Rohölvorräte im jüngsten EIA-Bericht sind die kommerziellen Erdölvorräte in den USA in den meisten Wochen der letzten anderthalb Jahre zurückgegangen und liegen unter dem saisonalen Durchschnitt der letzten fünf Jahre und sogar unter dem Fünfjahresdurchschnitt vor der Pandemie. Der kontinuierliche Rückgang der US-amerikanischen Erdölvorräte im...

Russland könnte das Mining von Kryptowährungen und durch Gold gedeckte Stablecoins unter staatlicher Kontrolle legalisieren, so ein hochrangiges Mitglied des russischen Parlaments. Die Erklärung erfolgte, nachdem die Bank von Russland ein weitreichendes Verbot der Verwendung von Kryptowährungen, ihres Handels und Minings vorgeschlagen hatte. Der freie Umlauf von Kryptowährungen dürfe nicht erlaubt werden, da sie Risiken für unqualifizierte Investoren mit sich...

We do not like Purchasing Power or Real Effective Exchange Rate (REER) as measurement for currencies. For us, the trade balance decides if a currency is overvalued. Only the trade balance can express productivity gains, while the REER assumes constant productivity in comparison to trade partners. Who has read Michael Pettis, knows that a rising trade surplus may also be caused by a higher savings rate while the trade partners decided to spend more. This is partially...

The clear winners in inflation are those who require little from global supply chains, the frugal, and those who own their own labor, skills and enterprises. As the case for systemic inflation builds, the question arises: who wins and who loses in an up-cycle of inflation? The general view is that inflation is bad for almost everyone, but this ignores the big winners in an inflationary cycle. As I’ve explained here and in my new book Global Crisis, National Renewal,...