-
Money, Matter, Anti-Matter
You cannot create money (in our current fiat monetary system) without simultaneously creating the same amount of debt. That is a hard thing to understand. Yet it is the key to understanding our monetary system. Most people immediately say “Well, the central bank just prints the money – where is the debt?” Yes, central banks…
-
Did US Fiscal Deficit Decline by “Record $1.4 Trillion”?
The US federal #fiscal #deficit decline by a record $1.4 trillion for the 12 months ending September 30. This is what the latest monthly #Treasury statement claims. But is that true? Let’s dig in. For a start, the September deficit went up almost by factor of 7. Partially due to debt limit theatre a year ago: The good news: individual…
-
What’s Up With Gold?
While the #gold price is languishing around $1,650 per ounce (-10% so far in 2022), interesting things happened in Q3 in regards to physical demand. But first, a quick look at where the gold price gets determined and where it is being traded. Gold futures, the most liquid gold-linked instrument, trade at the COMEX (Commodity Exchange) in…
-
The Little Bank That Lost 17% of GDP
It’s true. The #Swiss National Bank (SNB) lost CHF 141 billion in the first 9 months of 2022. This equals to 17% of Swiss GDP (around CHF 800 billion): How could this happen? Around half of losses (CHF 70 billion) came from fixed income securities (as global bond prices fell). CHF 54 billion were losses in equities,…
-
Inflation Insights – US Wage Growth
The US Bureau of Labor Statistics (BLS) publishes wages by sector. Can we see any hints of a slow-down in #inflation? Let’s have a look. In this chart, nominal hourly pay by sector, you can clearly see the recent acceleration in wages affecting all sectors in recent months: But, since all nominal time series go exponential…
-
Category: Blog / Twitter traffic
Archive
- August 2023
- June 2023
- May 2023
- April 2023
- November 2022
- August 2020
- June 2018
- April 2018
- March 2018
- December 2017
- November 2017
- October 2017
- July 2017
- May 2017
- April 2017
- September 2015
- July 2015
- June 2015
- March 2015
- February 2015
- June 2014
- May 2014
- April 2014
- June 2013
- May 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- June 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- December 2009
- October 2009
