Crazy times. What happened? I was gone for a couple of hours.
That would not be good for ohr export centered economy.
Itâs already spellinh trouble amd SNB needs to be very careful right now.
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Seriously, this is bad. Do you have a source?
CHF is simply not big enough. I think only credible one that comes closure is EURO
As far as I know SNB doesnât care about nominal foreign exchange rate. They care about REER. Not sure how is that at the moment.
But if USD goes down due to bad policies, SNB cannot do much. However what they need to avoid is overbought situation as it can also reverse very quickly
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Itâs not exactly that, but the Chief Justice of SCOTUS temporarily blocked the reinstating of two heads of agencies nobodyâs heard of who Trump is trying to fire, after lower courts ordered their reinstatement.
In plain English the underlying point is that conservative bootlickers want to push for an autocracy and overturn provisions and precedents which shield independent agency heads from being fired unless itâs proven that they were incompetent and malicious.
Heâs appointed JPow, who appears to be considered to have done a good job, but Iâm not qualified to say. I also think JPow is in too high a position to be meddled with by bootlickers, but this is Trump weâre talking about.
Thatâs not what the article says:
The court will decide what next steps to take in the case after hearing from lawyers for the two ousted officials.
They just havenât upheld the temporary stay, they still need to hear the case and make a decision.
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Edited for accuracy, thanks for calling me out (seriously!).
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It seems like president want to do everything
Negotiate with countries, Offer instinctive tariff relief to individual companies , fire tenure officials, hire whoever praises him
Completely irresponsible behaviour
We barely avoided a credit crisis in last two days. Time to show humility.
The guy shits on golden toilets, what humility?
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Very strong messages from China
âChina survived for 5000 years and it would survive for another 5000 years. For most of it US was not aroundâ
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Seriously when do I wake up? Donald Trump signs order to 'make America's showers great again'
Itâs not investment related, except maybe if one picks water companies.
The US-China escalation of tariffs reminded me of this :
Wondering if it will end similarlyâŠ
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CHF-USD continuing the trend of yesterday. Up 5% in two days now.
USD losing its place as reserve currency. Bond yields rising.
Source please?
So far, it seems that they tiptoe around this subject as they know any moves to oust JPow would be seen very badly and would have immediate ramifications for the dollar.
See also this great interview with Lev Menand:
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For all asking for a source: it was a clickbait , paywalled article. What happened in reality is only two top officials from independent agencies were given permission to be fired temporarily, which could theoretically open the doors to axe the Fed Chair
but on a second lecture it all seemed a bit more theoretical than concrete:
https://www.business-standard.com/world-news/chief-justice-lets-trump-fire-2-officials-fed-chair-powell-s-job-at-risk-125041100161_1.html
I fell into the clickbait trap, amended my post above with a serious article and what it actually said.
Has anyone a graph/table of VTâs price in usd vs chf? In the last months usd lost ~10% vs CHF so I was wondering how bad itâs going in CHF.
On trading view, you can multiply with USDCHF to plot the CHF chart.
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