SNB & CHF

Virus numbers are rising across Europe and the US; the dollar is softening as risk-off sentiment ebbs It is a fairly quiet day in the US; there is a glimmer of hope about a fiscal deal in the US; recent US data support the widely held view that more stimulus is needed The final week of Brexit negotiations is upon us in Brussels and the pendulum is swinging towards optimism; Turkish assets may be one of the biggest causalities of the conflict between Armenia and...

The complete confiscation of all private property is tantamount to the introduction of socialism. Therefore we do not have to deal with it in an analysis of the problems of interventionism. We are concerned here only with the partial confiscation of property. Such confiscation is today attempted primarily by taxation. The ideological motivations of such action are immaterial. The only question of interest to us is merely: What is sought by these measures and what is...

I heard several days ago from my friend Larry Beane that people in Walter Block’s seminar who had been reading Theory and History wondered whether Mises is a moral relativist. As I’ll try to show, the answer depends on what you mean by “moral relativist,” but in the way the term is usually understood in contemporary philosophy, he isn’t. I’d like to dedicate this article to the memory of Leo Beane, an outstanding young man of great character and intelligence who was...

Recently, people are more aware of what can happen. This awareness raises in economic conditions and political realities make people think. Every new choice is a new beginning for people. SUBSCRIBE For The Latest Issues About ; #useconomy2020 #economynews #useconomy #coronaviruseconomy #marketeconomy #worldeconomy #reopeneconomy #openeconomy #economynews #reopeningeconomy #globaleconomy #silverprice #stockmarket #recession #goldpricetoday #goldprice #goldpriceprediction #preciousmetals...

I've been watching videos from Jeff Snider, Lacy Hunt, Steve Van Meter and Brent Johnson for months and I've slowly built up a mental framework for what they are talking about. This video is meant to help summarize pieces of many of those videos for people who are new to what they are saying. Source Material: Jeff Snider's Eurodollar system overview: https://www.youtube.com/watch?v=mVzKdqjtyhw Steve Van Meter on whether QE is inflationary or deflationary :...

Zurich Airport is reportedly looking into pre-boarding tests Keystone German airline Lufthansa will introduce rapid tests before certain flights to detect Covid-19 in passengers. If the trial, set to start in October, is successful, it will be expanded to Lufthansa subsidiaries Swiss International Air Lines (SWISS) and Edelweiss. The tests are being developed by the Basel-based pharmaceutical company Roche, according to reports in the NZZ am Sonntag and...

Swiss Franc The Euro has risen by 0.23% to 1.0822 EUR/CHF and USD/CHF, September 28 Source: markets.ft.com - Click to enlarge FX Rates Overview: Following the strong finish in the US before the weekend, global equities are paring last week’s slide. The MSCI Asia Pacific Index rose to for a second session. Markets in Japan, Taiwan, South Korea, and India rose by more than 1%. China and Australia were notable exceptions. Europe’s Dow Jones Stoxx 600 is gapped...

A worker stacks goods at a warehouse belonging to the pharmaceutical industry service provider Alloga in Burgdorf, canton Bern, on March 4, 2020. © Keystone / Christian Beutler Government economists say the impact of the pandemic in Switzerland is slightly less severe than previously feared. This is partly thanks to the mix of industries in Switzerland and the decision to rapidly lift coronavirus restrictions, according to the State Secretariat for Economic Affairs...

Persistent risk-off impulses weighed on EM last week and that may continue this week. The Asian currencies outperformed last week while MXN, ZAR, and COP underperformed, and we expect these divergences to continue. Despite optimism about a stimulus package in the US, we think it remains a long shot. Meanwhile, virus numbers are rising in Europe and the US, with data from both regions likely to continue weakening. AMERICAS Mexico reports August trade Monday. A...

Ontario’s ever-changing rent control policies prove that politicians are just as committed to flip-flopping as the Minnesota Vikings are to not winning the Super Bowl. Rent Control as a Means of Buying Votes Ontario's modern history of rent control legislation began during the 1975 election campaign, when it was actively promoted by the New Democratic Party (NDP). This was the stagflation era, and the NDP conveniently ignored Canadian monetary policy as a...