SNB & CHF

In the Ruins of Neoliberalism: The Rise of Antidemocratic Politics in the West by Wendy Brown Columbia University Press, 2019 viii + 248 pages Wendy Brown, a well-known political theorist who teaches at UC Berkeley, does not like Friedrich Hayek very much. She in part blames him and others as well, including Milton Friedman and James Buchanan, for policies that have led to the bad state of the world in general and America in particular today. In the Ruins of...

The US dollar set for further dramatic declines? Negative interest rate policy spreading Increased global liquidity in attempt to ignite a recovery Democrats’ win paves way for massive stimulus packages Gold and silver set to rally strongly in a perfect storm As the current wave of Covid19 strongly takes hold, it has devastated the lives of individuals and families and created an uneasy anxiousness not just in individuals but also in financial markets. It has turned...

Swiss Franc The Euro has fallen by 0.32% to 1.0825 EUR/CHF and USD/CHF, January 8(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The global equity rally picked up this week as it closed in 2019. The MSCI Asia Pacific Index gained today and is up in nine of the past 10 sessions. It has fallen only in one week since the end of October. South Korea’s Kospi led today’s advance with a nearly 4% rally on the back...

Confederation and cantons to receive distribution of CHF 4 billion According to provisional calculations, the Swiss National Ban k will report a profit in the order of CHF 21 billion for the 2020 financial year. The profit on foreign currency posi ti ons amounted to CHF 13 billion. A valuation gain of CHF 7 billion was recorded on gold holdings. The net r esult on Swiss franc posit ions amounted to over CHF 1 billion. The allocation to the provisions for currency...

07.01.2021 – Turnover adjusted for sales days and holidays rose in the retail sector by 1.0% in nominal terms in November 2020 compared with the previous year. Seasonally adjusted, nominal turnover fell by 2.4% compared with the previous month. These are the provisional findings from the Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays rose in the retail sector by 1.7% in November 2020 compared with the previous year. Real growth...

8. Januar 2021 – von Andreas Tögel Politik: Das ist – ein wenig überspitzt formuliert – die Installation falscher Systeme und die strategische Nutzung der sich hieraus ergebenden Irritationen sowie die taktische Beherrschung des hieraus resultierenden endlosen Reparaturbetriebs. Roland Baader (1940 – 2012) Andreas Tögel Im 15. Jahrhundert hatte sich die Führung des damals dem Rest der Welt technologisch weit überlegenen Reichs der Mitte dazu entschlossen, seine...

© Bogdan Lazar | Dreamstime.com The pandemic had a significant impact on Swiss real estate prices in 2020, according to industry experts. Contrary to initial fears that property prices would fall, prices have risen over the period. Over the year, the offer prices of stand alone houses rose by 5.6% while apartment prices jumped by 5.5% across Switzerland as a whole, according to the Swiss Real Estate Offer Index compiled by ImmoScout24. 2020 has shown once more that...

Mobilization and separation, not persuasion, is the way forward. Original Article: Welcome to 2021 in post-persuasion America! I first heard this term used by Steve Bannon, architect of the surprising 2016 Trump campaign, in a PBS Frontline documentary titled America's Great Divide. Speaking way back in the precovid days of early 2020, Bannon asserted the information age makes us less curious and willing to consider worldviews...

All the tricks to hide our unaffordable cost structure have reached marginal returns. Reality is about to intrude. There is much talk of tyranny in the political realm, but little is said about the tyrannies in the economic realm, a primary one being the tyranny of high costs: high costs crush the economy from within and enslave those attempting to start enterprises or keep their businesses afloat. Traditionally, costs are broken down into fixed costs such as rent...

Scottsdale, Ariz, January 6, 2021—Monetary Metals® is pleased to announce the issuance of a bond paying principal and interest in gold. The term is one year, and the interest rate on invested gold is 13%.  According to company CEO Keith Weiner, Ph.D., it is the first proper gold bond in 87 years. The proceeds fund a loan to Western Australia gold-mining company Shine Resources, enabling the firm to put its Chameleon project into production. Monetary Metals has...