SNB & CHF

[unable to retrieve full-text content]In the early 1980s few outlets existed for anyone interested in the Austrian school of economics or robust libertarian scholarship. Few universities taught Hayek, much less Mises or Rothbard. Libraries and bookstores carried little of interest for serious economists and thinkers in the old liberal tradition.

Swiss Franc The Euro has fallen by 0.22% to 1.0792 EUR/CHF and USD/CHF, January 13(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The US dollar is regaining ground lost in yesterday’s setback against the major currencies. Sterling is the notable exception. It was toying with the $1.37 area, perhaps helped by the Governor of the Bank of England signal that there still are hurdles to adopting negative interest...

© Pattanaphong Khuankaew | Dreamstime.com On 12 January 2021, Swissmedic, the Swiss agency for the authorisation and supervision of pharmaceutical products, approved a second vaccination against the SARS-CoV-2 virus for the Swiss market. The vaccine from Moderna, of which the federal government has ordered around 7.5 million doses, has been approved for adults from age 18. Over the coming days a delivery of 200,000 doses will be made to Switzerland’s military, which...

11. Januar 2021 – Lesen Sie nachfolgend einen Auszug aus der von Hardy Bouillon verfassten Einleitung zum Buch „Die Theorie der dynamischen Effizienz“ von Professor Jesús Huerta de Soto – eine Aufsatzsammlung, die im vergangenen Jahr im Verlag Duncker & Humblot erschienen ist. Herausgeber des Buches ist ebenfalls Hardy Bouillon.  ***** Die Theorie der dynamischen Effizienz ist eine Aufsatzsammlung. Insofern ähnelt sie dem letzten Band in dieser Reihe. Auch...

Swiss restaurants are experiencing a second, and in some cases third shutdown in a year owing to the pandemic. Keystone / Urs Flueeler Half of all hotel and restaurant businesses in Switzerland will go bankrupt by the end of March if they do not receive immediate financial compensation for the effects of coronavirus restrictions, warns the sector’s umbrella organisation. Based on a survey of more than 4,000 of its members, GastroSuisse says 98% of its members need...

In a prior episode, we introduced the distinction between money and fiat currency, discussing what gives the dollar – or any fiat currency – its value. Now, we continue that conversation discussing additional characteristics of money, and illustrate how a false definition of money can lead to a corrupt state that wields blank checks. In this episode: Essential characteristics of money Thinking like a monetary scientist Friction in money & credit Why marginal...

[This is a revised version of written testimony submitted to the the Subcommittee on Domestic Monetary Policy and Technology of the Committee on Financial Services, US House of Representatives, “Fractional Reserve Banking and Central Banking as Sources of Economic Instability: The Sound Money Alternative,” June 28, 2012.] Chairman Paul and members of the subcommittee, I am deeply honored to appear before you to testify on the topic of fractional-reserve banking....

She kept dreaming of being on a plane that never reached its destination. Those dreams stopped about a year after moving to Colorado. “The pilot would drop us off in a desert, or in the Alps, or the luggage would blow away,” remembers Regula Grenier, who has lived in Colorado since 2007. She sees the end of those dreams as a sign that she’s finally found the right place to live. Originally from Einsiedeln in central Switzerland, Grenier quips that she was “made in...

Chris Vermeulen of TheTechnicalTraders.com joins Dave Russell of GoldCore TV. Chris discusses the chart patterns that the long term gold and silver charts are presenting and what he believe that this means for gold, silver and platinum for 2021. Chris is an expert technical analyst and also understands the fundamentals of the precious metals markets and how it acts as financial insurance for your portfolio. Click the video below to watch. [embedded content] You can...

The US curve continues to steepen; real US yields have become less negative; UST supply will remain an issue as $38 bln of 10-year notes will be sold today; Brazil reports December IPCA inflation Yields in Europe and UK are following the trend higher in the US markets, but not as fast; Italy is facing another bout of political instability; BOE Governor Bailey pushed back against negative rates Japan’s government will declare a state of emergency for Osaka, Kyoto, and...