Monthly Archive: November 2017

Swiss Retail Sales, September: Stable Nominal and +0.8 percent Real

2017-11-02

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2017-11-02

Switzerland Retail Sales YoY, September 2017
Turnover in the retail sector remained stable in nominal terms in September 2017 compared with the previous year. Seasonally adjusted, nominal turnover rose by 0.8% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

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FX Daily, November 02: Dollar Pulls Back in Asia

2017-11-02

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2017-11-02

We suggested the market was at crossroads. It is still not clear if the dollar's breakout, supported by higher yields is real or simply the fraying of ranges. Asia has pushed the dollar broadly lower. While the greenback finished the North American session above JPY114.00 for the first time since July, the fact that the US 10-year yield could not push back above the 2.40% level, does not help confidence.

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When Health Insurance Works: A Look Inside Switzerland’s Healthcare System

2017-11-02

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2017-11-02

The enigmatic independence of Switzerland is perhaps best demonstrated in the fact that its healthcare system manages to satisfy both free marketers and the statist-socialists in the country. It is a giant social safety net woven by individual responsibility and self-made wealth. Health insurance is almost entirely consumer-based, though there are strict cantonal regulations and some governing federal laws.

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Invest In Gold To Defend Against Bail-ins

2017-11-02

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2017-11-02

The War of Wealth
Italy’s Veneto banking meltdown destroyed 200,000 savers and 40,000 businesses. EU bail-in rules have wiped out billions for savers and and businesses, with more at risk. Bail-ins are not unique to Italy, all Western savers are at risk of seeing savings disappear. Counterparty-free, physical gold bullion is best defence against bail-ins.

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Where To Invest When (Almost) Everything’s in a Bubble

2017-11-02

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2017-11-02

S&P 500 and US Home Price Index, 1980 - 2017
Many things that are scarce and thus valuable cannot be bought on the global marketplace. Now that almost every asset class is in a bubble, the question of where to invest one's capital has become particularly vexing. The ashes of wealth consumed by the 2008-09 Global Financial Meltdown are still warm, at least to those who never recovered, and so buying assets at nosebleed valuations in the hopes of earning another 5% aren't very compelling to...

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La stratégie de la BNS pénalise toujours le pays et la population

2017-11-01

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2017-11-01

BNS Logo
33,7 milliards de francs suisses. Voici le montant du bénéfice, réalisé par la BNS à fin septembre, dont se félicitent nos médias. Le problème est qu’un chiffre sorti de son contexte ne sert à rien. Si votre patron vous augmente de 100 et qu’en parallèle, votre loyer augmente de 200, à la fin de l’année vous êtes en déficit de 100 n’est-ce pas? Dans un ménage, une entreprise ou un Etat, il convient de garder une vision globale.

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FX Daily, November 01: Super 48 Hours

2017-11-01

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2017-11-01

This is it: The next 48 hours will be among the busiest of the year. The Bank of England meets tomorrow, and it not only gives a verdict on interest rates but also provides an update of its economic projections (Quarterly Inflation Report). And, among the innovations, the MPC minutes will be released. Ahead of the Federal Reserve meeting, the market will have the ADP private-sector job estimate.

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Lausanne cancels artist’s appearance over security fears 

2017-11-01

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2017-11-01

A book festival in Lausanne has cancelled an invitation to Marsault, a controversial French comic book artist, after the organisers said they received threats from activists.The organisers of the Lausan'noir crime thriller book festivalexternal link say they will not be welcoming the French comic book artist Marsault to their event, which takes place in the Swiss city from October 27-29.

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Gold and Silver Get Powelled – Precious Metals Supply and Demand

2017-11-01

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2017-11-01

Jerome Powell
Keith Weiner’s weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Wozniak and Thiel Fuel Bitcoin-Gold Debate: Gold Comes Out On Top

2017-11-01

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2017-11-01

Bitcoin
Gold versus bitcoin debate makes further headlines as tech experts weigh in. Peter Thiel tells Saudi conference he believes bitcoin is underestimated and compares to gold. Steve Wozniak tells Money 20/20 that bitcoin is a better standard of value than gold and U.S. dollar. Both men recognise that the US dollar has little value and there are worthy competitors to its crown as reserve currency. Gold continues to hold its value and has multiple uses,...

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What Could Pop The Everything Bubble?

2017-11-01

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2017-11-01

Selected Consumer Goods and Services Price Changes, 1996 - 2016
As central bank policies are increasingly fingered by the mainstream as the source of soaring wealth-income inequality, policies supporting credit/asset bubbles will either be limited or cut off, and at that point all the credit/asset bubbles will pop.

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