SNB & CHF

Der US-Dollar könnte aufgrund der umstrittenen Politik der Fed seinen Status als globale Reservewährung verlieren und durch ein Ledger-basiertes System ersetzt werden, so Druckenmiller. Nach jahrelanger Suche nach dem wahren Problem, das es zu lösen gilt, haben Kryptowährungen es endlich gefunden, so der milliardenschwere Investor Stanley Druckenmiller. In einem aktuellen Interview glaubt der 67-Jährige, dass die US-Notenbank Fed und andere Zentralbanken die Stärke...

Like virtually all of the work of Ludwig von Mises, these two essays, his 1958 Liberty and Property and his 1950 Middle-of-the-Road Policy Leads to Socialism are timeless. They are as important now as they have ever been and will increase in relevance as the growth of government continues almost unabated. The growth of government constitutes an assault on private property and individual freedom by politicians, bureaucrats, and interest groups who seek to keep for...

The Fed's expected taper is just empty, insignificant theater. The Fed is tapering never once having answered for headwinds, false dawns, and the world’s true wealth repeatedly suffering under stagnation and decline. A reading, by Emil Kalinowski. ----------WHO---------- Jeff Snider of Alhambra Investments. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Born in the 90's" by Ameryh at Epidemic Sound. ----------WHAT---------- Previewing The Taper Theater:...

You’ve heard of the virtuous circle in the economy. Risk taking leads to spending/investment/hiring, which then leads to more spending/investment/hiring. Recovery, in other words. In the old days of the 20th century, quite a lot of the circle was rounded out by the inventory cycle. Both recession and recovery would depend upon how much additional product floated up and down the supply chain. Deflation, too. On the contraction side, demand might fall off a bit for...

Losses will be taken and sacrifices enforced on those who don’t understand the Chinese state will no longer absorb the losses of speculative excess. Let’s start by stipulating that no one outside President Xi’s inner circle really knows what’s going on in China, and so my comments here are systemic observations, not claims of insider knowledge.Many western observers have noted the centrality of Marxist-Leninist-Maoist doctrine in President Xi’s writings. This is...

Parmelin struck a personal note in his speech at the UN in New York and mentioned his professional background as a wine-grower. 2021 Getty Images Guy Parmelin, who holds the rotating Swiss presidency this year, has called for solidarity to tackle global environmental and trade issues. Addressing the United Nations general assembly in New York, Parmelin said the Covid pandemic had entrenched protectionist policies and laid open the vulnerability of global production...

From a revival of the inflation-deflation debate to the imminent collapse of the global banking system, there is no shortage of market & economic news, and noise, although there does seem to be a shortage of high quality thought about what’s really going on. So let's get our bearings and try to think correctly about all of the unfolding dynamics, so that we do not fall victim to them. And to help us understand what’s happening in the markets and the economy, today,...

On this week's episode of the Stansberry Investor Hour, Dan invites an incredibly special guest onto the show... He's a man who's launched over 1,000 new products, acquired dozens of businesses, and employed thousands of people... In a way, he's largely responsible for helping Dan get to where he is today... His biggest claim to fame is founding Agora Financial, now the largest independent research network on the planet... The one and only Bill Bonner. For those of you...

Overview:  The market's reaction to the FOMC statement was going according to our script, with the dollar backing off on a buy rumor sell the fact type of activity until Powell provided an end date for the tapering (mid-2022) before providing a start date (maybe next month).  This spurred a dollar rally.  Equities pulled back but recovered.  The dollar is paring its gains today.  It is lower against the other major currencies, but the yen, and the euro, which had...