Category Archive: 1.) Zerohedge on SNB

Main Author Tyler Durden
Tyler Durden
ZeroHedges' Tyler Durden is the hero of Fight Club, the 1999 movie based on Chuck Palahniuk's novel that reflected Chuck's experience in the Cacophony Society Quote: "Goddamn it, an entire generation pumping gas, waiting tables, slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need. We’re the middle children of history, man. No purpose or place. We have no Great War. No Great Depression. Our Great War’s a spiritual war… our Great Depression is our lives. We’ve all been raised on television to believe that one day we’d all be millionaires, and movie gods, and rock stars. But we won’t. And we’re slowly learning that fact. And we’re very, very pissed off." --> see more about Tyler on snbchf
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Wall Street and SNB In Pain: 163 Hedge Funds Are Long AAPL Stock

2016-04-26

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2016-04-26

First it was the blow up of hedge fund darling Valeant that crushed countless funds who were long the name. Then, one month ago after the collapse of the Allergan-Pfizer deal, we showed (one of the reasons) why the hedge fund world continued to unde...

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Big Players (Read: Governments) Make Markets Unsafe

2016-04-07

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2016-04-07

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. Reportage in The Wall Street Journal on April 4th states that “A fund owned by China’s foreign-exchange regulator has been taking stakes in some of the co...

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Swiss National Bank Admits It Spent $470 Billion On Currency Manipulation Since 2010

2016-03-24

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2016-03-24

By now it is common knowledge that when it comes to massive, taxpayer-backed hedge funds, few are quite as big as the Swiss National Bank, whose roughly $100 billion in equity holdings have been extensively profiled on these pages, including its woef...

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How Venezuela Exported 12.5 Tonnes Of Gold To Switzerland On March 8

2016-03-19

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2016-03-19

Submitted by Ronan Manly of Bullionstar Blogs Following on from last month in which BullionStar’s Koos Jansen broke the news that Venezuela had sent almost 36 tonnes of its gold reserves to Switzerland at the beginning of the year, “Venezuela Exporte...

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Another Fed “Policy Error”? Dollar And Yields Tumble, Stocks Slide, Gold Jumps

2016-03-17

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2016-03-17

Yesterday when summarizing the Fed's action we said that in its latest dovish announcement which has sent the USD to a five month low, the Fed clearly sided with China which desperately wants a weaker dollar to which it is pegged (reflected promptly ...

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Central Banks Shiny New Tool: Cash-Escape-Inhibitors

2016-02-29

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2016-02-29

Submitted by JP Koning via Moneyness blog, Negative interests rates are the shiny new thing that everyone wants to talk about. I hate to ruin a good plot line, but they're actually kind of boring; just conventional monetary policy except in negative ...

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Are Central Banks Setting Each Other Up?

2016-02-22

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2016-02-22

Authored by Mark St.Cyr, There are times you try to connect the dots. There are others where those connections warrant adorning your trusted tin-foiled cap of choice; for you just can’t get there unless you do. This I believe is one of those time...

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Mcafee Privacy

2016-02-19

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Swiss Politicians Slam Attempts To Eliminate Cash, Compare Paper Money To A Gun Defending Freedom

2016-02-19

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2016-02-19

As we predicted over a year ago, in a world in which QE has failed, and in which the ice-cold grip of NIRP has to be global in order to achieve its intended purpose of forcing savers around the world to spend the taxed product of their labor, one thi...

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MXN Shorts Crushed After Mexican Central Bank Unexpectedly Hikes Rate By 50bps, Peso Soars

2016-02-17

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2016-02-17

It was already a torrid day for commodity currencies, among which the MXN, or Mexican Peso, which were surging on today's latest crude short squeeze and then as if pulling a PBOC with just one intention - to crush the shorts - the Mexican Central Ban...

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The Chinese Yuan Countdown Is On

2016-02-13

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2016-02-13

Submitted by SaxoBank's Dembik Christopher via TradingFloor.com, Currency stability is a prerequisite for China's economic transition Defending the yuan is prohibitively expensive – China cannot beat the market Progressive devaluation managed by PBoC...

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The Swiss National Bank Doubled Its Apple Holdings in 2015

In the spring of 2015 we showed something unexpected: one of the biggest buyers, and holders, of AAPL stock was none other than the already quite troubled - in the aftermath of its disastrous Swiss Franc peg which ended up costing it tens of billions...

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How Low Can The Bank Of Japan Cut Rates? Ask Gold

2016-02-03

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2016-02-03

As we noted last night, in what was the second clear example of sheer desperation by the Bank of Japan, the central banker formerly known as Peter Pan for his on the record belief that "he should fly", and as of this morning better known as Peter Pan...

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“Time To Panic”? Nigeria Begs World Bank For Massive Loan As Dollar Reserves Dry Up

2016-01-31

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2016-01-31

Having urged "don't panic" just 4 short months ago, it appears Nigeria just did just that as the global dollar short squeeze forces the eight-month-old government of President Muhammadu Buhari to beg The World Bank and African Development Bank for $3...

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Sweden Refugee

2016-01-31

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BoJ Adopts Negative Interest Rates, Fails To Increase QE

2016-01-29

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2016-01-29

Well that did not last long. After initial exuberance over The BoJ's wishy-washy decision to adopt a 3-tiered rate policy including NIRP, markets have realized that without further asset purchases (which were maintained at the current pace), there is...

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Swiss Franc Plunges To One-Year Lows Amid SNB Intervention Chatter

2016-01-26

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2016-01-26

With the biggest drop in 3 months, EURCHF has broken above last September's highs, plunging below 1.06. Amid chatter of SNB intervention, this is the weakest Swissy has been since the removakl of the ceiling a year ago. EURCHF reached  1.10592... ...

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Cashin Fed

2016-01-15

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Global Risk Off: China Reenters Bear Market, Oil Tumbles Under $30; Global Stocks, US Futures Gutted

2016-01-15

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2016-01-15

   "We're gonna need a bigger Bullard"     - overheard on a trading desk this morning. Yesterday, when looking at the market's "Bullard 2.0" moment, which was a carbon copy of the market's kneejerk surge higher response to Bullard's "QE4" comments fr...

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ISIS Bank Bombed

2016-01-13

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