SNB & CHF

Unemployment Rate (not seasonally adjusted) Registered unemployment in January 2021 – According to surveys by the State Secretariat for Economic Affairs (SECO), 169,753 unemployed people were registered with the regional employment centers (RAV) at the end of January 2021, 6,208 more than in the previous month. The unemployment rate rose from 3.5% in December 2020 to 3.7% in the reporting month. Compared to the same month last year, unemployment increased by 48,735...

Swiss Franc The Euro has risen by 0.05% to 1.0832 EUR/CHF and USD/CHF, February 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar has drifted higher against the major currencies and most of the freely accessible emerging market currencies, paring the losses seen before the weekend in response to the disappointing employment report. Easing pressure from the pandemic as the surge in cases after the...

An extra 6,000 people registered at the unemployment office in January. © Keystone / Christian Beutler The unemployment rate in Switzerland rose again in January, reaching 3.7% – the highest level since April 2010. The impact of the coronavirus crisis continues to be felt on the Swiss economy. At the end of January, 169,753 people were registered as unemployed with the Regional Employment Offices, which is 6,208 more than the previous month. Compared to January...

8. Februar 2021 – von Philipp Bagus und Thorsten Polleit Was sagt Hayeks Liberalismus dazu? Philipp Bagus Am 5. Februar 2021 hat der Ökonom Arash Molavi Vasséi den Aufsatz „Hayek und die Pandemie“ in der F.A.Z. veröffentlicht. Er will darin aufzeigen, wie seiner Meinung nach Friedrich August von Hayek (1899–1992) die Politiken, zu denen die Staaten in der Coronavirus-Pandemie greifen, vor dem Hintergrund „liberaler Prinzipien“ beurteilen würde. Nach Lektüre des...

Never mind that the US Treasury’s indictment late last year of Switzerland as a currency manipulator rested on some flawed evidence and does not identify the crime. The clash between Washington and Berne marks another episode in this alpine nation’s dark history of trucking with foreign repression rather than developing its potential as a global haven and beacon of freedom. Occasionally there have been bright interludes but none so far with respect to the last...

The Stress of Losing Billions Up until the WallStreetBets crowd short squeezed Melvin Capital for a $7 billion loss, Robinhood had it made. But losing billions is stressful. And when your product blows up your customer the clucking that follows comes hot and heavy. A surprise revival of business at Game-Stop… [PT] One of the sweetest displays in the world, we’ve been told, is the bursts of digital confetti that shower down Robinhood’s investment app to celebrate the...

Switzerland was one of the last countries to grant women their right to vote, preceding only 22 other countries worldwide. Today, only one country doesn't allow women voters to cast their ballot in national elections, just because there aren't any. In Vatican City, an absolute monarchy, the legislators are appointed by the Pope. Neither male nor female citizens have the right to vote. February 7, 2021, marks the 50th anniversary of Swiss women's right to vote. Two thirds of the male...

Around 90% of federal funds go towards livestock protection measures like herd-protection dogs. Keystone / Peter Schneider The federal government spends CHF4 million (around $4.4 million) a year to minimise the damage caused by predators like wolves and lynx. Of this amount some three million Swiss francs are being invested in the protection of herds and flocks, the government revealed in its response to a question from a parliamentarian. Farmers receive around 70%...

Is there common ground the among proponents of gold and bitcoin? John Flaherty and CEO Keith Weiner take on that question in this episode. They also discuss: What bitcoin has been able to accomplish that gold hasn’t What gold and bitcoin have in common A billionaire’s comments regarding a bitcoin bubble Why ‘engineered money’ may give people pause [embedded content] Episode Transcript John Flaherty: Hello and welcome again to The Gold Exchange podcast. I’m John...

Everyone in Europe has long forgotten about what was going on there before COVID. First, an economy that had been stuck two years within a deflationary downturn central bankers like Italy’s new recycled top guy Mario Draghi clumsily mistook for an inflationary takeoff. Both the inflation puzzle and ultimately a pre-pandemic recession have taken a back seat to everything corona. Whereas Draghi spent those years howling for inflationary conditions that were nowhere in...