SNB & CHF

Global equity markets continue to trend higher; the dollar remains under pressure The two-day FOMC meeting ends today; the first look at Q1 US GDP comes out France and Spain laid out plans to reopen; the UK will rely on a contact tracing plan to limit the viral spread Ahead of the ECB meeting Thursday, European policymakers are showing a similar willingness to act as needed Fitch cut Italy by a notch to BBB- with stable outlook; Germany reports April CPI Reports...

Gold in USD – 3 Days - Click to enlarge “Yes It Will. The Only Question Is When” – WATCH HERE [embedded content] You Might Also Like Gold Surges To New Record Highs in Euros at €1,581/oz and $1,726/oz in Dollars Gold prices surged to new all time record highs in euros and other digital fiat currencies today due to concerns about the outlook for risk assets and currencies in an era of unprecedented...

Central bankers think too much saving is a problem that must be solved with more money creation. But the real problem is the Keynesian-style fractional reserve banking system. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Why Americans Don’t Have Any Savings“ You Might Also Like Why This Bubble Economy Keeps Going and Going Quite a...

Swiss International Air Lines is a subsidiary of German group Lufthansa. (Keystone / Ennio Leanza) The Swiss aviation sector, including the airlines SWISS and Edelweiss, is set to receive financial aid of almost CHF1.9 billion to help it through the liquidity crisis caused by Covid-19. Some CHF1.275 billion ($1.31 billion) is directly for the two airlines, while up to CHF600 million will be for other companies vital to the functioning of the sector, the government...

Venezuela has the largest oil reserves in the world, but motor fuel has grown increasingly scarce in the past year due to US sanctions aimed at ousting President Nicolas Maduro (Copyright 2020 The Associated Press. All Rights Reserved.) Several Swiss companies and banks have found themselves in the line of fire as the United States ramps up pressure on the Venezuelan government. Washington has sanctioned numerous top officials for money laundering and drug...

Dollar softness this week will take some pressure off of the foreign currencies but it’s too early to sound the all clear.  This piece focuses on how  central banks around the world may be intervening to influence their currencies.  Most of the world, particularly EM, is grappling with supporting weak currencies but a select few are dealing with stronger currencies. This is a very opaque process and so we are simply making our best guesses.  As April reserves data...

Government restrictions on production are driving prices up as unemployment drives them down. It’s impossible to say now whether price inflation or price deflation will be the predominant factor in the crisis’s next phase. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “Why the Current Unemployment Is Worse Than the Great Depression “ You Might Also...

According to a popular way of thinking, monopolies undermine the efficient functioning of the market economy by being able to influence the prices and the quantity of products. Consequently, this undermines the well-being of individuals in the economy. By this way of thinking, the inefficiency emerges because of the deviation from the ideal state of the market as depicted by the “perfect competition” framework. The “Perfect Competition” Framework In the world of...

http://financialrepressionauthority.com/2020/05/01/the-roundtable-insight-charles-hugh-smith-on-how-covid-19-will-affect-jobs-and-the-economy/

http://financialrepressionauthority.com/2020/05/01/the-roundtable-insight-charles-hugh-smith-on-how-covid-19-will-affect-jobs-and-the-economy/