Weekly SNB Sight Deposits and Speculative Positions: SNB buying euros at high prices – February 22, 2021
2021-02-22
Update February 22 2021: SNB intervening. Sight Deposits have risen by +0.1 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is +0.1 bn. compared to last week.
Swiss Consumer Price Index in August 2020: -0.9 percent YoY, 0.0 percent MoM
2020-09-04
The consumer price index (CPI) remained stable in August 2020 compared with the previous month, reaching 101.2 points (December 2015 = 100). Inflation was –0.9% compared with the same month of the previous year.
Industrialization and Free Trade Are the Way out of Poverty
2020-09-03
Progressive politicians repeatedly tell us that capitalism is a system rooted in the wealthy’s exploitation of the poor. To convey this in an emotionally resonant way, they employ images of "sweatshops" in the developing world. While some people labor away in factories, often in terrible conditions, the owners of Walmart and Nike rake in profits, enjoying their luxurious penthouses in Manhattan. Many find this compelling.