SNB & CHF

Small businesses on the precipice need only one small shove to go over the edge, and there won’t be replacements filling the fast-multiplying empty storefronts. As a generality, the average employee (including financial pundits) has no real experience or understanding of what it takes to start and operate a small business in the U.S. Government employees in the agencies that oversee and enforce regulations on small...

Smart Valor was launched in 2017 and is based in ‘Swiss Crypto Valley’ of Zug near Zurich. Smart Valor, the country’s first integrated cryptocurrency exchange offering custody, trading and brokerage, has gone live with nine crypto-fiat trading pairs. The assets on Zug-based platformexternal link, that was launched in 2017 as part of the Thomson Reuters Incubator, includes crypto currencies and security tokens. For the...

Swiss Franc The Euro has fallen by 0.10% to 1.1037 EUR/CHF and USD/CHF, July 30(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The prospect of a no-deal Brexit continues to pound sterling lower. A little more than two months ago, it was testing $1.32. Two weeks ago it was around $1.25. Today it traded near $1.2120 before stabilizing. On the other hand, the 10-year...

We have spilled many electrons on the topic of capital consumption. Still, this is a very abstract topic and we think many people still struggle to picture what it means. Thus, the inspiration for this week’s essay. Enterprise Car Service Suppose a young man, Early Enterprise, inherits a car from his grandfather. Early decides to drive for Uber to earn a living. Being enterprising, he is up at dawn and drives all day....

A visitor to Switzerland: Carlos Ghosn attending the 2018 World Economic Forum, WEF, in Davos, Switzerland Canton Zurich’s public prosecutor is assisting the Japanese authorities in an inquiry related to bank accounts associated with Carlos Ghosn, the former leading auto executive. Tokyo prosecutors sent a request for legal assistance to Switzerland in January, a spokesperson for the country’s Federal Office of Justice...

As an economic system, even the most committed socialists had come to realize it was a failure. What ultimately brought down the Soviet Union wasn’t missiles, tanks, and advanced air craft, it was a simple thing like bread. You can argue that Western military spending forced the Communist East to keep up, and therefore to expend way too much on guns at the expense of butter. Even if that was the case, the Soviet system...

Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now! Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now! Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now! --------------------------------------------------------------------------------------------------------- ? Subscribe To My Chanel: FINANCIAL TIMES https://bitly.vn/h25 ? TAG : x22report,economic collapse 2019,...

Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now! Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now! Charles Hugh Smith?We are seeing a general uprising against the elites taking place right now! --------------------------------------------------------------------------------------------------------- ? Subscribe To My Chanel: FINANCIAL TIMES https://bitly.vn/h25 ? TAG : x22report,economic collapse 2019,...

Has the SNB started to intervene The weekly site deposit data from the Swiss National Bank showed a small uptick but with some perspective, it’s a notable turn. Bloomberg highlights the bump and what looks like a bid to keep EUR/CHF above 1.10. I don’t think SNB is going to make a strong stand at 1.10 but expect them to cushion any falls in the pair unless there is a big run on risk assets. SNB Sight Deposits...

Swiss Franc The Euro has fallen by 0.13% to 1.1037 EUR/CHF and USD/CHF, July 29(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Unrest in Hong Kong and disappointing earnings reports from South Korea weighed on local equity markets, and the MSCI Asia Pacific Index fell for the third consecutive session. European equities are edging higher in tentative trading....