Covid-19, des mesures disproportionnées au vu des risques réels! Partie I.

Note sur la vidéo. Je vous poste cette vidéo spécialement pour la partie « revue de presse de quelques pontes de la virologie ». Le petit flottement au niveau des chiffres qui intervient au début n’a pas d’incidence sur le tour d’horizon de presse qui suit.

FINMA veröffentlicht Geschäftsbericht 2019

Die Eidgenössische Finanzmarktaufsicht FINMA veröffentlicht heute ihren Geschäftsbericht 2019. Dieser umfasst neben dem rückblickenden Jahresbericht auch die Jahresrechnung. Weiter stellt die FINMA ab heute neu Angaben zu den Enforcementfällen in einer Datenbank sowie Statistiken als Excel-Dokument auf ihrer Webseite zur Verfügung.

Swiss regulator cracks down on fraudulent crypto activities

Switzerland’s financial regulator brought charges against eight “initial coin offering” (ICO) blockchain projects for breaching anti-money laundering rules last year. ICOs raise money from the public by selling digital tokens that promise to hold future value for the consumer.

The Bureaucrats Can’t Fix This

In the midst of the emerging economic chaos triggered by the COVID-19 coronavirus, individuals are seeking answers from governments as to how to prevent the emerging economic disaster. Most economic experts are sympathetic to this and are urging the authorities to push massive injections of money. Thus in the US the central bank has embarked on a $2 trillion stimulus.

Swiss Consumer Price Index in March 2020: -0.5 percent YoY, +0.1 percent MoM

02.04.2020 - The consumer price index (CPI) increased by 0.1% in March 2020 compared with the previous month, reaching 101.7 points (December 2015 = 100). Inflation was –0.5% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

Covid-19, des mesures disproportionnées au vu des risques réels! Partie I.

Note sur la vidéo. Je vous poste cette vidéo spécialement pour la partie « revue de presse de quelques pontes de la virologie ». Le petit flottement au niveau des chiffres qui intervient au début n’a pas d’incidence sur le tour d’horizon de presse qui suit.

FX Daily, April 03: Oil Firm, Greenback Extends Gains

Overview:  Global equities are finishing the week on a soggy tone despite the 2%+ gains seen in the US yesterday. The extension of shutdowns, rising contagion and fatality rate, and imploding economies weigh on prices. In Asia, Korea and Indonesia bucked the trend to most minor gains.  Europe is giving back yesterday's gains, and the Dow Jones Stoxx 600 is nearly flat on the week.

When Bulls Are Over-Anxious to Catch the Rocketship Higher, This Isn’t the Bottom

Everyone with any position in today's market will be able to say they lived through a real Bear Market. In the echo chamber of a Bull Market, there's always a reason to get bullish: the consumer is spending, housing is strong, the Fed has our back, multiples are expanding, earnings are higher, stock buybacks will push valuations up, and so on, in an essentially endless parade of self-referential reasons to buy, buy, buy and ride the rocketship...

The Secret to Fun and Easy Stock Market Riches

Post Hoc Fallacy. On Tuesday, at the precise moment Federal Reserve Chairman Jay Powell commenced delivering his semiannual monetary policy report to the House Financial Services Committee, something unpleasant happened. The Dow Jones Industrial Average (DJIA) didn’t go up. Rather, it went down.

Impressive Swiss Recovery After SNB Peg Removal

Retail data shows that the SNB peg removal in January 2015 as early as April 2015 with minimal adverse impact on the economy. Trade surplus showed that Switzerland had fully recovered its lost trade surplus in May and expectations crossed an important threshold into positive territory in June. CHF strengthened since May end, as the market caught wind of the Swiss recovery, and the Grexit would further strengthen the CHF if it were to occur.

Swiss Franc History: Volcker Shock, Oil Glut and the Breakdown of Gold and Emerging Markets

After the Volcker moment or sometimes called "Volcker shock", commodity prices plunged, the gold price collapsed. Thanks to additional supply, e.g. from Northsea oil, a so-called oil glut appeared. After the increase of debt in the 1970s, some economies in Southern America collapsed. The major reason was Volcker's tight monetary policy with high interest rates and the dependency on US funds.

Rational Expectations, Lucas Critique and NAIRU

Weak Yen, Is it Really a Currency War?

Some journalists, like Ambrose Evans-Pritchard of the U.K.'s Telegraph and Michael Casey of the Wall Street Journal, have already claimed this to be a shot in the currency wars. Casey focuses exclusively on the BOJ activity and does not even mention GPIF.