The Swiss National Banks Admits Mistakes Made

The Chairman of the Swiss National Bank finally admitted that “with the benefit of hindsight monetary policy was a little bit too expansionary.” In reality, the monetary policy mistakes were clearly obvious in real time and they were far more than just "a little bit" excessive.

Bitcoin & Gold Are Rising For Different Reasons

Both Gold and Bitcoin are up in 2023, but they're rising for opposite reasons. Gold is rising as a hedge against inflation and a weaker U.S. Dollar, while Bitcoin is rising with other high-risk assets as speculators bet that a Federal Reserve pivot will cause a rally in 2022s biggest losers.