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SNB-Jordan verkündet Kommunistisches – und lädt zum Gratis-Buffet

Thomas Jordan
Author: Marc Meyer
Categories: Marc Meyer, SNB

Es geht um die Sache und Institution – nicht um eine Person. Die Schweizerische Nationalbank (SNB) und ihr Chef Thomas Jordan sind aber mittlerweile dermassen eng miteinander verflochten, dass eine getrennte Beurteilung gar nicht mehr möglich ist. Thomas Jordan ist zum Gesicht der SNB und diese eine „One-Man-Show“ geworden.

Europe chart of the week – Italian productivity

Europe chart of the week – Italian productivity
Author: Nadia Gharbi
Categories: Pictet Macro Analysis, Swiss and European Macro

With less than 30 days to go, the Italian general election remains highly unpredictable. The new electoral system and the fact that 37% of seats are to be allocated on a ‘first-past-the-post’ system make projecting seats from voting intentions particularly hard. Importantly, Italy is going into this election with an economy that is performing relatively strongly relative to recent history. However, cyclical strength is masking structural weaknesses.

FX Daily, February 14: Investors Remain Uneasy even as Equities Stabilize

FX Daily, February 14: Investors Remain Uneasy even as Equities Stabilize
Author: Marc Chandler
Categories: FX Trends

There is an unease that continues to hang over the market. It is as if a shoe fell last week, and most investors seem to be waiting for the other shoe to drop. It is hard to imagine the kind of body blow that the equities took last week without some kind of follow through and knock-on effects. Moreover, the focus today on US CPI may prove for nought.

Great Graphic: Stocks and Bonds

Great Graphic: Stocks and Bonds
Author: Marc Chandler
Categories: FX Trends, Stock Markets

The relationship between stocks and bonds does not appear to have changed much. It is difficult to eyeball correlations. Question the meaning of a chart that has two time series and two scales and.

Swiss businesses in China upbeat after record export year

Swiss businesses in China upbeat after record export year
Author: Swissinfo
Categories: Swiss Markets and News

According to a survey, 72% of Swiss business leaders in China expect “higher” or “substantially higher” sales of goods from Switzerland to China and Hong Kong in 2018 than in 2017, when exports reached a record CHF16.7 billion ($17.9 billion). Just 5% of business leaders anticipated lower export figures this year, according to the preliminary results of the 2018 Swiss Business in China Survey, which were released Tuesday by Swiss Centers Chinaexternal link.

Bi-Weekly Economic Review

Bi-Weekly Economic Review
Author: Joseph Y. Calhoun
Categories: The United States

Personal income for December was better than expected at up 0.4% on the month and 4.11% year over year. Wages and salaries were up 0.5%. Unfortunately, that rate of rise is not even up to the lower end of the range we’ve seen in past expansions when 5% income growth was a precursor to recession. Still, it is, sadly, about average for this expansion.