SNB & CHF

On January 19 it was announced that Joe Biden planned to nominate Rachel Levine, the Pennsylvania (PA) secretary of health, for the position of assistant secretary of health in the Department of Health and Human Services. This is potentially good news for Pennsylvanians, who will finally be rid of her after having had to endure her disastrous covid lockdowns and restrictions for nearly a year, but is likely bad news for the rest of the country. News coverage of...

Swiss Franc The Euro has risen by 0.01% to 1.0771 EUR/CHF and USD/CHF, January 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: What promises to be an eventful week has begun off on a mostly subdued note. Asia Pacific equities moved higher, again led by Hong Kong and ostensibly mainland buying. The Hang Seng rose 2.4% to bring this year’s gain to 10.75%. South Korea’s Kospi also increased by more than 2%, and,...

Sabine PrombergerFoto: SPÖ Ebenseehochgeladen von Philipp Gratzer Der Bezirk Gmunden und auch die Gemeinde Ebensee weisen seit Wochen überdurchschnittlich hohe Corona-Infektionszahlen aus. Einer der Hauptgründe hierfür ist lt. SPÖ Ebensee das fehlende Testangebot des Landes Oberösterreich. EBENSEE. „Landeshauptmann Stelzer fordert die Bevölkerung immer wieder auf, sich freiwillig testen zu lassen. Wenn die nächstgelegene Teststraße in Vöcklabruck oder Schlierbach...

On Saturday, we showed why according to observations from Credit Suisse and BofA, the “US Economy Is Set To Overheat As Households Are Flooded With $2 Trillion In Excess Savings.” Then, in a note this morning from Morgan Stanley asking “What To Do About All This Optimism” the bank said that “in November, December and now January, no question or concern has come up more often than ‘everyone is optimistic’.” Finally, the latest Fund Managers Survey showed that...

Paraphrasing the late Murray Rothbard, the “two party” system in America during the twentieth century worked something like this: Democrats engineered the Great Leaps Forward, and Republicans consolidated the gains. Wilson, Roosevelt, and Johnson were the transformative presidents; Eisenhower, Nixon, and Reagan offered only rhetoric and weak tea compromises. In politics, being for something always beats being against something, and Republicans were never much...

A nurse administers the Pfizer-BioNTech Covid-19 vaccine on the opening day of the new vaccination centre at the Lausanne University Hospital (CHUV) on January 11, 2021. Keystone / Laurent Gillieron The Swiss Covid-19 vaccination campaign is up and running with two approved vaccines available to accelerate the fight against the virus, and others set to follow. How do the vaccine technologies work and compare, and can people choose which one they get? So far, there...

This GIS 2021 Outlook series focuses on the opportunities that stem from the upheaval of the past year. Coronavirus vaccine distribution has begun, most probably marking the beginning of the end of the global health crisis. A receding pandemic will leave behind intertwined economic and fiscal challenges for countries around the world. Those that address rising debts with expenditure-based reforms in 2021 and eschew higher taxes can expect to benefit from faster and...

How does one define an asset bubble? Might there be fundamental, non-speculative reasons why prices are persistently high? Also, why did money-financed fiscal expansion fail in Japan? What does that experience tell us about the present? ----------SPONSOR---------- But first, this from Eurodollar Enterprises! Friends, are you worried your monetary policies are causing lurid levels of inequality? Are you concerned civil war, its hour come round at last, slouches toward K Street? Do you worry...

M&A activity for the year as a whole was most intense in the TMT (technology, media and telecommunications) sector Keystone / Obs/caritas Schweiz / Caritas Su - Click to enlarge The coronavirus pandemic left its mark on mergers and acquisitions (M&A) in Switzerland last year. The volume of transactions halved, and the number of deals was also down. Overall, the number of transactions with Swiss participation fell from 402 to 363. At $63.1 billion (CHF56...

The Massive $1.9 Trillion American Rescue Plan is Just the Start Massive $1.9 Tr. American rescue plan to affect markets Yellen takes over at US Treasury, what to expect More spending initiatives to come How all this is positive for gold and silver prices The Biden Administration’s policies are positive for gold and silver prices. The $1.9 trillion – American Rescue Plan released on January 14 is just the beginning of spending initiatives. The plan is chocked full...