SNB & CHF

[unable to retrieve full-text content][A selection from Education: Free and Compulsory.] The Reverend George Harris described the effects of compulsory education in imposing uniformity and enforced equality (soon after the establishment of compulsion).

Brent Johnson, CEO of Santiago Capital, joins Jeff Snider to discuss central banks, public relations, modern monetary theory, politically-directed investment and whether the future ahead is a bright or dark one. Also, brown shoes. ----------WHY---------- In 1969 Johnny Carson was hosting The Tonight Show and in one particular episode Bob Hope was the headliner. After Carson was finished interviewing Hope he called out his next guest, George Gobel. To everyone's surprise the person that...

Charles Hugh Smith, Jesse Hirsh and Mark E. Jeftovic return with another AoE Salon. Show notes and references: https://axisofeasy.com/podcast/salon-23-lords-of-the-algos

Swiss Franc The Euro has fallen by 0.13% to 1.0801 EUR/CHF and USD/CHF, September 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The dramatic week is finishing on a quieter note. The modest gains in US equities yesterday helped the Asia Pacific performance today. Most markets but China and Hong Kong pared the weekly losses, and easing regulations in Australia spurred a rally in financials that saw its stock...

Swiss National Bank maintains expansionary monetary policy The coronavirus pandemic continues to exert a strong influence on economic developments. The SNB is therefore maintaining its expansionary monetary policy. In so doing, it aims to cushion the negative impact of the pandemic on economic activity and inflation. The SNB is keepingthe SNB policy rate and interest on sight deposits at the SNB at −0.75%.In view of the fact that the Swiss franc is still highly...

EHL – source Wikipedia Around three quarters of the students at the hotel school of Lausanne (EHL) have been placed in quarantine after a number of students tested positive for SARS-CoV-2, reported RTS. The 2,500 students affected will be isolated until 28 September 2020 to stop the spread of the virus. The Swiss canton of Vaud, where recorded infections recently reached 213 per 100,000 over 14 days, is currently Switzerland’s Covid-19 hotspot. Eleven students spread...

Britain’s controversial Internal Market Bill has prompted Switzerland’s former chief negotiator with the EU, Michael Ambühl, to examine the thorny issue of sovereignty in EU talks. The issue of balancing access to the EU market in exchange for a degree of EU regulatory intrusion on home turf has come to the fore during the ongoing Brexit negotiations. The British government is trying to enact new legislation, the Internal Market Bill, that could limit the ability of...

A few days ago, we wrote about a big silver crash. The price dropped around 7.5%. And the basis dropped from around 2% to 0.6%. At the end, we said: “The key question is: what is the follow-through? If the price stays down and the basis goes back up, that will be a bearish signal. If the basis stays down, that means the silver market is markedly tighter at $24.50 than it was at $26.75.” Which this brings us to yesterday’s silver dive. Here’s the graph of the day’s...

Carter vs. Reagan Presidential campaigns in the United States tend to be discouraging affairs, even if one is not a libertarian who has zero expectations that anything good can come from American elections. The old saw that insanity consists of doing the same thing repeatedly and somehow expecting different results applies to presidential campaigns as well as to anything else. For whatever reason, Americans (and especially the American media) seem to believe that the...

Filmmaking doesn’t naturally lend itself to social distancing, meaning the coronavirus is disrupting films worldwide. This is how Swiss directors and the industry have been coping with the situation. After coming to a halt during the first few critical months of the outbreak, the making of the film “Une histoire provisoire” (A temporary story) was recently able to start up again, but under certain conditions. The crew first gathered in Luxembourg to complete the interior...