FX Daily, January 25: And Now, a Word from Draghi
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Author: Marc Chandler
Categories: FX Trends
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With a backdrop of concern about US protectionism and a possible abandonment of the 23-year old strong dollar policy, and among the weakest sentiment toward the dollar in at least a decade, the ECB takes center stage. What a turn of events for Mr. Draghi, the President of the European Central Bank.
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Switzerland still competitive despite US tax reforms, says economics minister
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Author: Swissinfo
Categories: Swiss Markets and News
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Swiss Economics Minister Johann Schneider-Ammann says he does not think sweeping US tax reforms will drive American firms from Switzerland. In an interview with the Schweiz am Wochenende newspaper on Saturday, he said Switzerland also has competitive advantages for companies.
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New poll on vote to axe Swiss broadcast fee suggests rejection
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Author: Le News
Categories: Personal Finance, Swiss Markets and News
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A poll run by the media group Tamedia shows a clear majority in favour of rejecting the initiative, dubbed “No Billag”, which aims to end Switzerland’s broadcasting fee. This poll follows one done in December 2017, which showed a majority in favour of the initiative.
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Is This The Greatest Stock Market Bubble In History? Goldnomics Podcast
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Author: Mark O'Byrne
Categories: Stock Markets
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GoldNomics Podcast (Episode 2) Is This The Greatest Stock Market Bubble In History? In our second GoldNomics podcast, we take a look at one of the important financial questions of our day – is this the greatest stock market bubble in history? Listen on iTunes, SoundCloud and Blubrry. Watch on YouTube below
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The Dismal Boom
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Author: Jeffrey P. Snider
Categories: The United States
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There is a fundamental assumption behind any purchasing manager index, or PMI. These are often but not always normalized to the number 50. That’s done simply for comparison purposes and the ease of understanding in the general public. That level at least in the literature and in theory is supposed to easily and clearly define the difference between growth and contraction.
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Central Bank Transparency, Or Doing Deliberate Dollar Deals With The Devil
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Author: Jeffrey P. Snider
Categories: China
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The advent of open and transparent central banks is a relatively new one. For most of their history, these quasi-government institutions operated in secret and they liked it that way. As late as October 1993, for example, Alan Greenspan was testifying before Congress intentionally trying to cloud the issue as to whether verbatim transcripts of FOMC meetings actually existed.
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