SNB & CHF

Since April, over 190,000 companies have applied for short-time compensation for nearly two million employees – around 36% of the workforce in Switzerland. Keystone / Gian Ehrenzeller The Federal Council is extending short-term unemployment benefits by another six months and plans to help cushion financial losses faced by public transport. On Wednesday, the government announced that it is extending the maximum period for receiving partial unemployment support from 12...

Just as the rewards of central-bank bubbles have not been evenly distributed, the pain created by the collapse of the bubbles won’t be evenly distributed, either. We’ve reached an interesting juncture in history, and I don’t mean the pandemic. I’m referring to the normalization of extremes in the economy, in social decay and in political dysfunction and polarization. Let’s ask a very simple question. The S&P 500 stock index went up five-fold from its 2009 low...

Many major and emerging central banks took action in June, but outside of possible technical adjustments will continue with the current supportive stance in July. The policy focus will shift back to fiscal initiatives. The highlights will be the EU Summit on July 12, which is considering the EC’s 750 bln euro package of grants and loans, and the US decision regarding the $600 a week extra unemployment insurance (expiring at the end of July) and another large budget...

◆ Gold is the top performing asset in the world in the first half of 2020, outperforming all stock markets including the S&P 500 and the Nasdaq and outperforming “safe haven” U.S. government bonds (see table above). Gold had an 18% gain in dollars in the first half of 2020 as risk assets, especially stock markets, fell sharply with the S&P down 4.5% and other stock markets down more than 10% (see table). Gold gained 18.6% in euros and by 25% in British...

Recently, people are more aware of what can happen. This awareness raises in economic conditions and political realities make people think. Every new choice is a new beginning for people. SUBSCRIBE For The Latest Issues About ; #useconomy2020 #economynews #useconomy #coronaviruseconomy #marketeconomy #worldeconomy #reopeneconomy #openeconomy #economynews #reopeningeconomy #globaleconomy #silverprice #stockmarket #recession #goldpricetoday #goldprice #goldpriceprediction #preciousmetals...

Recently, people are more aware of what can happen. This awareness raises in economic conditions and political realities make people think. Every new choice is a new beginning for people. SUBSCRIBE For The Latest Issues About ; #useconomy2020 #economynews #useconomy #coronaviruseconomy #marketeconomy #worldeconomy #reopeneconomy #openeconomy #economynews #reopeningeconomy #globaleconomy #silverprice #stockmarket #recession #goldpricetoday #goldprice #goldpriceprediction #preciousmetals...

Swiss Franc The Euro has risen by 0.04% to 1.0641 EUR/CHF and USD/CHF, July 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The resurgence of the contagion in the US has stopped or reversed an estimated 40% of the re-openings, but the appetite for risk has begun the second half on a firm note, helped by manufacturing PMIs that were above preliminary estimates or better than expected. Except for Tokyo and...

A sculpture outside the Guggenheim Museum in Bilbao, one of the destinations that SWISS is flying to again from Zurich Keystone / Luis Tejido Swiss International Air Lines (SWISS) has published its flight schedules up to October 24, the end of the summer timetable. As well as resuming service to more network destinations, it plans to intensify its frequencies on routes already restored in both its short-haul and long-haul networks. The Swiss national airline said on...

China’s PMI’s continue to impress despite the fact they continue to be wholly unimpressive. As with most economic numbers in today’s stock-focused obsessiveness, everything is judged solely by how much it “surprises.” Surprises who? Doesn’t matter; some faceless group of analysts and Economists whose short-term modeling has somehow become the very standard of performance. According to one such group, China’s official manufacturing index, the one calculated and...

The good news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. The bad news is that Stephanie Kelton has written a book on MMT that is very readable and will strike many readers as persuasive and clever. Narrated by the author. Original Article: “A Review of Stephanie Kelton’s The Deficit Myth“. You Might Also Like Some...