SNB & CHF

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is...

The recent GameStop short-squeeze drama has riveted financial markets. Given the historic unpopularity of short sellers (e.g., Holman Jenkins has written that “short-selling is…widely unpopular with everyone who has a stake in seeing stock prices go up”), the resulting heightened invective against them is not a surprise. Unfortunately, an intensification of this rhetoric could lead to unwarranted broader restrictions on short selling, indicated by the politicians...

The price of silver is going up and down like a yo-yo. On Sunday and into the first part of Monday, the price skyrocketed on news that Reddit was touting the metal. But as the data clearly showed, the price was not driven up by retail buying of physical metal. To be sure, there was retail buying. But even if they depleted the finite inventories of Eagles and Maples, they were not the buyers that pushed the price up to $30. That would be the futures speculators....

--- If you're a Brit planning to visit Switzerland, you might want to think twice about bringing your pets with you! Things have changed since Brexit. ⁠ ⁠ UK nationals are no longer covered by the EU’s free movement of persons agreement. When the present Covid-19 related travel ban is lifted, they will still be able to visit Switzerland for short periods using just their passports. But from 2022, short visits will require a visa waiver. UK citizens now have had to go through a...

Charles Hugh Smith explains the reasons for two separate Americas and what impact this division will have on our economy and the middle class in general.

Swiss Franc The Euro has risen by 0.05% to 1.0809 EUR/CHF and USD/CHF, February 3(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Equities have charged higher, and the greenback is mostly firmer. News that Draghi may become Italy’s next Prime Minister has boosted Italian bonds. The PBOC unexpectedly drained liquidity, and this may have deterred buying of Chinese stocks, a notable exception in the regional rally....

Sometimes you can count on the manipulation conspiracy theorists to get it exactly wrong. Not just a little bit wrong, nor halfway wrong. Not even mostly wrong. Totally wrong, backwards. Michael Crichton, in talking about the Gell-Mann Amnesia Effect said this: “You open the newspaper to an article on some subject you know well. In Murray’s [Gell-Mann] case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding...

Click here:http://byrl.me/9tkHFaP Seven Ways To Profit From Obama's Destruction Of America's Financial System. #Mn, #Gordon's, #Wealth, #Prism, #Letter

Swiss Franc The Euro has risen by 0.15% to 1.082 EUR/CHF and USD/CHF, February 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equities are snapping back today, while the greenback retained the strength seen last week that was attributed to safe-haven flows. The MSCI Asia Pacific Index snapped a four-day decline led by Hong Kong, South Korea, India, and Indonesia. Europe’s Dow Jones Stoxx is up around...

The Swiss are known for their multilingualism. The proportion of polyglots has increased slightly since 2014, according to a new report from the Federal Statistical Office. Over two-thirds of adults regularly use more than one language. They need these skills to communicate with each other, either in the workplace or across the four distinct language regions. The majority speak German, followed by French, Italian and Romansh. The latter is in decline and efforts are being made to ensure its...