SNB & CHF

Gold’s Little Brother Today I want to put a popular precious metal under the magnifying glass for you: silver. Silver, often referred to as the “little brother” of gold, has a particularly interesting seasonal pattern I would like to share with you. Shiny large good delivery door stops made of silver – about to enter interesting seasonal phase. PT Silver’s seasonality under the magnifying glass Take a look at the seasonal chart of silver. In contrast to a...

While the economic storm caused by COVID-19 has seemed to wane (temporarily?), the stock market can’t seem to go but one direction—up. Graham and Dodd’s meaty 700-page Security Analysis has soared to number 7695 on the Amazon best-seller list. According to Warren Buffett, the book is “A road map for investing that I have now been following for 57 years.” One wonders what roadmap the young people who saw the pandemic March meltdown as an opportunity to buy slices of...

© Michael Müller | Dreamstime.com On 19 June 2020, Switzerland’s extraordinary state in relation to the SARS-CoV-2 pandemic ended. This was accompanied by further easing of restrictions aimed at reducing the spread of the virus. Hand washing, maintaining social distance and mask wearing are the three golden rules that remain, according to Swiss president Simonetta Sommaruga. The minimum distance to be maintained between people in public spaces was reduced to 1.5...

On 25 June 2020, Switzerland’s contact tracing app, known as SwissCovid, became available for download.Created by a group of specialists at EPFL led by Marcel Salathé, a professor of digital epidemiology, the app allows chains of infection to be traced by informing people if they have been in contact with anyone infected. Countries, like South Korea, that have done a good job of this have been able to quickly isolate infected people and halt the spread of the virus....

Back in the middle of 2018, this kind of thing was at least straight forward and intuitive. If there was any confusion, it wasn’t related to the mechanics, rather most people just couldn’t handle the possibility this was real. Jay Powell said inflation, rate hikes, and accelerating growth. Absolutely hawkish across-the-board. And yet, all the way back in the middle of June 2018 the eurodollar curve started to say, hold on a minute. That’s the part which caused so...

The US personal savings rate jumped to 33 percent in April from 12.7 percent in March and 8 percent in April last year. An increase in savings is regarded by popular economics as less expenditure on consumption. Since consumption expenditure is considered as the main driving force of the economy, obviously a rebound in savings, which implies less consumption, cannot be good for economic activity, so it is held. Saving and wealth—what is the relation? To maintain...

[Review of Stephanie Kelton, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy (New York: PublicAffairs, 2020).] I’ve got good news and bad news. The good news is that Stephanie Kelton—economics professor at Stony Brook and advisor to the 2016 Bernie Sanders campaign—has written a book on modern monetary theory (MMT) that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has...

Charles Hugh Smith on the New Normal http://financialrepressionauthority.com/2020/06/26/the-roundtable-insight-charles-hugh-smith-on-the-new-normal/ Receive trading ideas weekly from Yra: https://cedarportfolio.com/yra-signup-form

Charles Hugh Smith on the New Normal http://financialrepressionauthority.com/2020/06/26/the-roundtable-insight-charles-hugh-smith-on-the-new-normal/ Receive trading ideas weekly from Yra: https://cedarportfolio.com/yra-signup-form

The goal of sustainable finance is to divert more funds into environmentally and socially responsible projects. Keystone / Laurent Darbellay Extra rules will only be imposed on the sustainable finance sector if banks fail to properly police themselves, says the Swiss government. The hands-off regulatory approach to ethical investing has been welcomed by financial players, but criticised by NGOs. Unveiling a report on sustainable finance on Friday, Finance Minister...