SNB & CHF

[unable to retrieve full-text content]Der Eingriff habe sich nach einer Vorsorgeuntersuchung als notwendig erwiesen und sei erfolgreich verlaufen, teilte die Schweizerische Nationalbank (SNB) am Montag mit. Thomas Jordan befinde sich in guter Verfassung.

[unable to retrieve full-text content]A drought-stricken forest choked with dry brush and deadfall is an apt analogy. While a stock market crash that stairsteps lower for months or years is generally about as welcome as a trip to the guillotine in Revolutionary France, there is some major upside to a crash.

[unable to retrieve full-text content]One way to look at the price of gold, is that it dropped from its high around $1,900 in early June. Another way is to zoom out, and look at the big picture. Here is a 10-year chart of gold and silver prices. For over four years, after the peak around $1,900 ten years ago (early September 2011), the price of gold moved down. By December 2015, it was just over $1,000. Then it was a sideways market until three years ago (August 2018), when the price was well...

[unable to retrieve full-text content]Overview: After an ugly week, market participants have returned with strong risk appetites.  Equities are rebounding, and the greenback is paring recent gains.  Bond yields are firm, as are commodities.  Asia Pacific equities got the ball rolling with more than 1% gains in several large markets, including Japan, China, Hong Kong, and Taiwan. 

Interview original date: December 14, 2020 Topics- Money Printing defined by Jeff Snider: shadow money expansion, bank reserves, commercial paper, Repo FED Funds Market, FED, money supply growth, bank balance sheet expansion. Deposits in the commercial banking system/commercial banks’ liabilities, consumer price inflation, repo balances being used for real transactions, line between credit and money, balance sheet construction. Friedman and the Permanent Income Hypothesis, Hume, money...

Today [August 15] marks 50 years since President Richard Nixon closed the “gold window,” ending the ability of foreign governments to exchange United States dollars for gold. Nixon’s action severed the last link between the dollar and gold, giving the U.S. a fiat currency. America’s experiment with fiat has led to an explosion of consumer, business, and—especially—government debt. It has also caused increasing economic inequality, a boom-bubble-bust business cycle,...

The US Treasury Department released their Treasury International Capital, one of the keyholes analysts can look through to get a sense what is happening in the eurodollar system. Jeff Snider explains three items that caught his attention. Three concerns. -----SEE EPISODE 96------- Alhambra YouTube: https://bit.ly/2Xp3roy Emil YouTube: https://bit.ly/310yisL -----HEAR EPISODE 96----- Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWN Deezer: https://bit.ly/3ndoVPE iHeart:...

An op-ed in the Los Angeles Times makes me feel sorry for many college students, at least many of those who take economics courses in their respective schools. In fact, the op-ed even causes me to feel sorry for the people at mainstream newspapers who decide which op-eds to publish in their papers. The op-ed in question is written by a Duke University student named Caroline Petrow-Cohen, who is a summer intern at the Times. Her piece takes California Republican...

In 1998 the Bank of England completed its transformation from "central bank" to "economist club" - the two are not synonymous. The former defines, identifies, measures and maps money-credit-collateral. The latter is a narrative machine. Jeff Snider, Head of Global Investment Research for Alhambra Investments and Emil Kalinowski. Follow Twitter: https://twitter.com/JeffSnider_AIP Twitter: https://twitter.com/EmilKalinowski References The Money Is 'Double Missing' Thanks...

© Sudok1 | Dreamstime.com The latest figures on Covid-19 patients in intensive care in Swiss hospitals show a steep rise in numbers. On 18 August 2021, there were a reported 163 Covid-19 patients in intensive care wards across Switzerland. This number is far from the peaks of the first and second waves when ICU Covid-19 patient numbers exceeded 500, however the rise over the last month has been steep. On 18 July, there were fewer than 20 ICU Covid-19 patients. By 18...