Weekly SNB Sight Deposits and Speculative Positions: After SNB Meeting

Update July 6, 2020: After SNB Meeting. Sight Deposits have risen by +4.0 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is +4.0 bn. compared to last week.

Weekly SNB Sight Deposits and Speculative Positions: After SNB Meeting

Update July 6, 2020: After SNB Meeting. Sight Deposits have risen by +4.0 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is +4.0 bn. compared to last week.

Gold Will “Trend Toward $10,000 Per Ounce Or Higher” Over The Next Four Years

You’re likely aware of the price action in gold lately. Gold has rallied from $1,591 per ounce on April 1 to $1,782 per ounce as of today. That’s a 12% gain in less than three months.

The Social Consequences of Zero Interest Rates

Anyone who has ever been to Japan knows: Japan is special. The country has many strange habits. The Japanese culture is simply different and many peculiarities are hardly understood in the West. But it's not only the old established traditions that are foreign to us Westerners.

Swiss Retail Sales, May 2020: 5.6 percent Nominal and 6.6 percent Real

Turnover adjusted for sales days and holidays rose in the retail sector by 5.6% in nominal terms in May 2020 compared with the previous year. Seasonally adjusted, nominal turnover rose by 30.2% compared with the previous month.

Swiss sustainable finance: world leader or wishful thinking?

The Swiss financial centre wants to take a lead in ethical investing. NGOs, however, fear the banks are more interested in cashing in than saving the planet. One thing everyone agrees on is the need for a universal definition of sustainable finance and measures to oversee the sector.

FX Daily, July 2: Dollar Thumped Ahead of US Jobs Report

Market optimism over the possibility of a vaccine in early 2021 overshadowed the continued surge in US cases, where the 50k-a-day threshold of new cases has been breached.  Following the NASDAQ close yesterday at record highs, global equities have advanced.  Led by Hong Kong returning from yesterday's holiday, Asia Pacific equities rallied.  Most local markets rose by more than 1%, though Tokyo and Taiwan lagged.

What Makes You Think the Stock Market Will Even Exist in 2024?

Given the extremes of the stock market's frauds and even greater extremes of wealth/income inequality it has created, tell me again why the stock market will still exist in 2024? When I read a financial pundit predicting a bull market in stocks through 2024, blah-blah-blah, I wonder: what makes you think the stock market will even exist in 2024, at least in its current form?

An Excellent Seasonal Buying Opportunity in Silver Lies Directly Ahead

Today I want to put a popular precious metal under the magnifying glass for you: silver. Silver, often referred to as the “little brother” of gold, has a particularly interesting seasonal pattern I would like to share with you.

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.

Volckers Attack on Stagflation

In this chapter we describe how Volcker managed to defeat stagflation; he applied the monetarist models that had been applied successfully in Switzerland and Germany. Thanks to this effort, the dollar stopped its secular decline.

7b) Major Schools of Economics

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.