Zum Franken verliert der Euro weiter an Wert und nähert sich der Euro bei einem Stand von 1,0424 langsam der 1,04er Marke an. Der US-Dollar macht mit 0,9252 Franken die Verluste wieder wett und notiert etwa auf dem Niveau vom Morgen. “Die Schweizerische Nationalbank gesteht dem Franken Kursgewinne zu”, schreibt die VP Bank. “Selbst Notierungen von unter 1,05 gegenüber dem Euro sind für die eidgenössischen Währungshüter kein Tabuthema mehr.” Das lasse sich an der...
Read More »The Black Friday Stock Market Crash – Gareth Soloway
Black Friday 2021 saw the largest stock market sell-off since 1931. Is this the start of a bigger crash, has the trend changed or is this just a one-time blip? We ask Gareth Soloway of InTheMoneyStocks.com what his charts are suggesting and why he is so bullish on gold [embedded content] Make sure you don’t miss a single episode… Subscribe to our YouTube channel [embedded content] You Might Also Like...
Read More »Sentiment Remains Fragile
Overview: The fire that burnt through the capital markets before the weekend, triggered by the new Covid mutation, burned itself out in the Asian Pacific equity trading earlier today. A semblance of stability, albeit fragile and tentative, has emerged. Europe's Stoxx 600 is up about 1%, led by real estate, information technology, and energy. US index futures are trading higher, with the NASDAQ leading. Benchmark 10-year yields are firmer. The US 10-year Treasury...
Read More »Immer mehr Crypto SCAMs auf YouTube
YouTube hatte schon vor einiger Zeit angekündigt, gegen Inhalte auf der Plattform vorzugehen, die unseriöse Finanzprodukte bewerben. Davon betroffen waren auch Inhalte über Cryptocoins. Viele Video-Creator der Crypto-Szene berichteten darauf, dass YouTube ihre Videos demonetarisieren und zensieren würde – einige Creator wurden sogar komplett auf YouTube gesperrt. Doch geholfen haben diese Maßnahmen offenbar wenig. Crypto News: Immer mehr Crypto SCAMs auf YouTube...
Read More »What’s In Your Loan?
Opposing Monetary Directions “Real estate is the future of the monetary system,” declares a real estate bug. Does this make any sense? We would ask him this. “OK how will houses be borrowed and lent?” “Look at this housing bond,” he says, pointing to a bond denominated in dollars, with principal and interest paid in dollars. “What do you mean ‘housing’ bond’,” we ask, “it’s a bond denominated in dollars!” “Yes, but housing is the collateral.” OK, so it’s not a...
Read More »Housing Hubris: Can Home Prices Spiral upward Forever?
For the Wall Street sequel, the subtitle was Money Never Sleeps. But the Oliver Stone reprisal of Gordon Gecko was the stuff of 2010. In America, a decade plus ago, money slept. Now, it truly doesn’t, with cryptocurrency prices gyrating 24/7/365. This frantic activity has spread to other asset markets. Once real estate was stable and slow moving. Buyers would walk through a home, and walk it again with someone they trusted, before making an offer. But, as Francesca...
Read More »Average Swiss household income reaches nearly 115,000 francs
© Petrina Calabalic | Dreamstime.com The gross mean household income in Switzerland was CHF 114,984 (US$ 125,000) in 2019, according to the Federal Statistical Office (FSO). Overall, 40% of households in Switzerland had income over this mean while 60% brought in less. 73% of this income came from working, 23% came from pensions, welfare and household transfers such as alimony, and 4% from investment income. In many places an income this high would offer a life of...
Read More »The Dollar Moves Back to the Fulcrum between the Funding and Higher Beta Currencies
The new covid variant injected a new dynamic into the foreign exchange market. The World Health Organization cautioned against the need to impose travel restrictions, but policymakers, by and large, do not want to be bitten by the same dog twice. To err on the side of caution is to minimize one's biggest regret. The risk is that the uncertainty is not lifted quickly but lingers, which would likely unpin volatility. US and European benchmark 10-year yields fell...
Read More »Demand for crypto stamp crashes post office’s online shop
A total of 175,000 stamps will be issued, with 65,000 copies of the most common digital design but just 50 of the rarest SwissPost/Gregor Forster The launch of Swiss Post’s first “crypto” stamp has met with such high demand that the online shop was overwhelmed for several hours. Sales of the “Swiss Crypto Stamp” started at 6am on Thursday. Demand was very high, which had “temporarily led to technical problems on postshop.ch”, the Swiss Post told the AWP news agency....
Read More »Swiss Federal Council rejects two votes on pension reform
© Marlon Trottmann _ Dreamstime.com This week, the Federal Council rejected two very different initiatives aimed at changing the state pension system. In common with much of the developed world, Switzerland is facing a large gap between the money required to fund state pensions and the money flowing in to pay for them, a challenge driven by increasing life expectancy, a rise in the number of pensioners as the population ages and the way the system is funded....
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