![]()
What is New?
-
Cool Video: Bloomberg Economic Discussion
I joined Chris Wolfe from First Republic Wealth Management on the set of Bloomberg's Daybreak to discuss market developments and the outlook for the US economy. We generally agreed that while the economy is slowing it is doing so from unsustainably strong levels.
Read more » -
Swiss Government wants Public Consultation on EU Framework deal
-
Economics Is Easy When You Don’t Have To Try
-
Gold and Silver Gained 2 percents and 3 percents Last Week While Stocks Dropped Nearly 5 percents
-
The Prodigal Parent, Report 9 Dec 2018
-
FX Daily, December 10: Lack of Closure Weighs on Sentiment
-
ECB Preview: an end to net asset purchases
SNB and Central Banks
-
GBP/CHF Forecast: Brexit Uncertainty Ahead Causing Movement for GBP/CHF
In today’s GBP/CHF forecast we look at why the Pound has been coming under a huge amount of pressure recently against the Swiss Franc. Those that have been following the currency markets will be aware that the pressure on GBP is largely owing to the uncertainty caused by the ongoing Brexit talks.
Read more » -
Further falls for GBP/CHF exchange rate
-
Pound to Swiss Franc: CHF Strengthens Due to Events around the Globe
-
Swiss National Bank Unexpectedly Sold US Stocks In Q3, Dumping Over 1 Million Apple Shares
-
Sterling hits highest buying level against Swiss Franc since August
-
Swiss franc still highly valued, but no policy change
-
Die SNB hat den Währungskrieg selbst angezettelt – und schon wieder eine Schlacht verloren
![]()
Gold,Bitcoin,Austrian Economics
-
Gold and Silver Gained 2 percents and 3 percents Last Week While Stocks Dropped Nearly 5 percents
Gold acted as a safe haven last week and is again acting as a safe haven in December. It has performed well despite the rout in stocks in Ireland and globally. U.S. stocks including the S&P500 and Nasdaq were down nearly 5% last week, while gold was 2% higher and silver over 3% higher.
Read more » -
The Prodigal Parent, Report 9 Dec 2018
-
A Global Dearth of Liquidity
-
Why Buy Gold Now? Because Of The “I Don’t Knows”…
-
Inflation, Report 2 Dec 2018
-
A Golden Renaissance, Report 25 Nov 2018
-
The Interesting Seasonal Trends of Precious Metals
Swiss & European Macro
-
ECB Preview: an end to net asset purchases
With the ECB’s asset purchases due to end this month and forward guidance set to remain unchanged, a focus at next week’s policy meeting will be staff forecasts for growth and inflation. At its Governing Council meeting next week, we expect the European Central Bank (ECB) to confirm that its asset purchases will cease at year’s end.
Read more » -
Yellow vest protests cast cloud over Macron’s reform plans
-
Swiss Consumer Price Index in November 2018: +0.9 percent YoY, -0.3 percent MoM
-
Growth Contraction puts pressure on Italian Government
-
Swiss Retail Sales, October 2018: +1.2 percent Nominal and +0.8 percent Real
-
Surprise contraction in Swiss Q3 GDP
-
Switzerland GDP Q3 2018: -0.2 percent QoQ, +2.4 percent YoY
Swiss Markets & News
-
Swiss Government wants Public Consultation on EU Framework deal
The Swiss government says it wants to carry out a public consultation before taking a final position on an “institutional framework” agreement negotiated with the European Union aimed at cementing future ties between Switzerland and its biggest trading partner.
Read more » -
Drones can be safely guided by mobile phone networks
-
Swiss investment management sector growing
-
Swiss Post Office Expands Hospital Drone Delivery System
-
Swiss complaint over US tariffs to be reviewed by WTO panel
-
Amazon reduces online offer for Swiss customers
-
Swiss Starbucks Customers Vulnerable due to Insecure WiFi
FX Trends
-
Cool Video: Bloomberg Economic Discussion
I joined Chris Wolfe from First Republic Wealth Management on the set of Bloomberg's Daybreak to discuss market developments and the outlook for the US economy. We generally agreed that while the economy is slowing it is doing so from unsustainably strong levels.
Read more » -
FX Daily, December 10: Lack of Closure Weighs on Sentiment
-
FX Weekly Preview: The Week Ahead: Don’t Skip Steps on Escalation Ladders
-
FX Daily, December 07: A Couple More Events before Seeing the End of Difficult Week for Investors
-
FX Daily, December 06: New Spanner in US-China Relations Weighs on Risk Appetites
-
FX Daily, December 05: US Market Closure may be a Firebreak
-
The Dollar and Its Rivals
Global Macro & Emerging Markets
-
Economics Is Easy When You Don’t Have To Try
The real question is why no one says anything. They can continue to make these grossly untrue, often contradictory statements without fear of having to explain themselves. Don’t even think about repercussions. Even in front of politicians ostensibly being there on behalf of the public, pedigree still matters more than results.
Read more » -
Monthly Macro Monitor – December 2018 (VIDEO)
-
Converging Views Only Starts With Fed ‘Pause’
-
Unexpected?
-
House View, December 2018
-
The View from the Trenches of the Alternative Media
-
China’s Global Slump Draws Closer
Markets
-
A Global Dearth of Liquidity
Worldwide Liquidity Drought – Money Supply Growth Slows Everywhere This is a brief update on money supply growth trends in the most important currency areas outside the US (namely the euro area, Japan and China) as announced in in our recent update on US money supply growth (see “Federal Punch Bowl Removal Agency” for the details). Nobody likes a drought. This collage illustrates why. The liquidity drought is not confined to the US...
Read more » -
Swiss stock exchange could lose EU access in January
-
Gold and Silver Hold Firm as Stocks and Oil Lower in to US Holiday Weekend
-
The Intolerable Scourge of Fake Capitalism
-
Pushing Past the Breaking Point
-
Eastern Monetary Drought
-
Are Credit Spreads Still a Leading Indicator for the Stock Market?
CHF End of Peg
-
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.
Read more » -
Q1/2015: Swiss Real GDP Rises by 15 percent … in Euro Terms
-
Is the Swiss Franc Really so Expensive or is Swiss Consumption anemic?
-
End of EUR/CHF Peg
-
Colin Lloyd on the end of the EUR CHF peg
-
Why did the Swiss franc spike? Lack of Capital Outflows
-
What Caused The Swiss Financial Tsunami? Three Reasons, One Trigger, One Chain Reaction
The History of the Swiss Franc
-
Swiss Franc History 1986-1996: Swiss real estate Boom and Bust
A critical Swiss franc history: This chapter describes the most controversial episode in the Swiss monetary history: How the Swiss National Bank helped to wreck the Swiss real estate market in the 1990s.
Read more » -
Swiss Franc History: Weak German and Swiss growth between 1996 and 2004
-
Swiss Franc History, 2012: CHF becomes a “safe” Risk-On Currency
-
The Secret History Of The Banking Crisis
-
Swiss Franc History, 2000-2007: The sale of the Swiss gold reserves
-
Swiss Franc History: Volcker Shock, Oil Glut and the Breakdown of Gold and Emerging Markets
-
History of SNB Interventions
Economic Theory
-
Heterodox Economic Theories and GDP
Heterodox economic theories focus on the human desires to spend, to save, to obtain credit in order to anticipate spending and future earnings, to increase or to reduce debt or even to deplete existing savings, on human behaviour. Those theories neither think that humans are rational nor that markets are efficient.
Read more » -
Social and Geographic Theories and the Euro Crisis
-
How Long Will the U.S. Recovery Last? A Reminder: The False Japanese Recovery in 1998/1999
-
Volckers Attack on Stagflation
-
The Cost-Push Inflation Legend
-
Ageing and Immigration in the U.S. and Japan and the New Normal
-
Mainstream Economics , The Medium Run
Richard Koo and Sector Balances
-
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. Evans-Pritchard spends most of his time talking about the bearish yen implications of the increased BOJ purchases, and mentions GPIF only at the very end of the his essay, and even then to...
Read more » -
Richard Koo, Revitalizing the Eurozone without Fiscal Union, April 2012
-
7d) Richard Koo’s and other Sector Balances
-
How Long Will the U.S. Recovery Last? A Reminder: The False Japanese Recovery in 1998/1999
-
Richard Koo: Balance Sheet Recessions
-
Balance Sheet Recession becomes mainstream, four years too late
-
Cultural Reasons for Japan’s Deflation: Can the U.S. Go into a Balance Sheet Recession?
