SNB & CHF

© | Dreamstime.com The coronavirus is set to knock a CHF 1 billion hole in Switzerland’s federal budget for 2021, according to a press release. Without the virus the budget was CHF 2.2 billion in the black. Post virus the budget is now CHF 1 billion in the red. The virus is expected to add CHF 2.0 billion to next years spending. The extra money is earmarked for SARS-CoV-2 tests, business loan guarantees and support to the sports sector. The Federal Council is...

Re-shutdowns continue to spread across the US; the dollar has come under pressure again Jobs data is the highlight ahead of the long holiday weekend in the US; weekly jobless claims will be reported FOMC minutes were revelatory; the Fed for now will rely on “outcome-based” forward guidance and asset purchases to achieve its goals; US House passed the latest China sanctions bill The UK offered a home to nearly 3 mln Hong Kong citizens; Russia President Putin will...

Understandably enough, the current disfavor into which socialism has fallen has spurred what Raimondo Cubeddu (1997: 138) refers to as “the frenzy to proclaim oneself a liberal.” Many writers today have recourse to the stratagem of “inventing for oneself a ‘liberalism’ according to one’s own tastes” and passing it off as an “evolution” from past ideas. “The superabundance of liberalisms,” Cubeddu warns, “like that of money, ends up by debasing everything and emptying...

(Disclosure: Some of the links below may be affiliate links) It is time for another monthly update! June 2020 flew by us! Like last month, we had to pay a ton of taxes. I did not pay enough taxes last year, so this year is very high. Fortunately, we had less to pay this month than in May. So, we still managed to save a little amount of money. It is better than last month, where our savings rate was zero. Except for the taxes, this month was relatively uneventful....

Rogue Economics Bill Bonner https://cli.re/bonnerandpartners #Bonner #partners Present stop: the Minnesota woods It's a zombie economy. Under zombie policies, phony money is being distributed to dead people and zombie companies. Casey Research geologist Dave Forest traveled extensively before COVID-19, working to find the most appealing investment chances in the products sector. As Expense's coworker and fellow world-traveler, he has lots of unique experiences to share. 19 overall...

Paul Mampilly https://cli.re/bonnerandpartners #Bonner #partners https://www.youtube.com/watch?v=HG3ePxKPIzg Existing stop: the Minnesota woods It's a zombie economy. Under zombie policies, phony money is being given out to dead individuals and zombie business. Casey Research study geologist Dave Forest took a trip extensively prior to COVID-19, working to find the most appealing investment opportunities in the products sector. As Expense's colleague and fellow world-traveler, he has many...

Bonner And Partners https://cli.re/bonnerandpartners #Bonner #partners https://www.youtube.com/watch?v=3P5QYFduBS0 Existing stop: the Minnesota woods It's a zombie economy. Under zombie policies, phony cash is being handed out to dead individuals and zombie business. Casey Research geologist Dave Forest took a trip extensively before COVID-19, working to find the most promising financial investment opportunities in the products sector. As Expense's associate and fellow world-traveler, he...

Bonner & Partners https://cli.re/bonnerandpartners #Bonner #partners Present stop: the Minnesota woods It's a zombie economy. Under zombie policies, fake cash is being given out to dead people and zombie companies. Casey Research study geologist Dave Forest took a trip extensively before COVID-19, working to find the most promising investment chances in the commodities sector. As Costs's associate and fellow world-traveler, he has many special experiences to share. 19 total problems...

Bill Bonner Diary https://cli.re/bonnerandpartners #Bonner #partners Current stop: the Minnesota woods It's a zombie economy. Under zombie policies, fake cash is being distributed to dead individuals and zombie business. Casey Research geologist Dave Forest traveled extensively before COVID-19, working to find the most promising investment opportunities in the commodities sector. As Expense's colleague and fellow world-traveler, he has lots of unique experiences to share. 19 overall...

Rogue Economics Bill Bonner https://cli.re/bonnerandpartners #Bonner #partners Present stop: the Minnesota woods It's a zombie economy. Under zombie policies, phony money is being distributed to dead people and zombie companies. Casey Research geologist Dave Forest traveled extensively before COVID-19, working to find the most appealing investment chances in the products sector. As Expense's coworker and fellow world-traveler, he has lots of unique experiences to share. 19 overall...