Category Archive: 2) Swiss and European Macro

Main Author George Dorgan
George Dorgan
George Dorgan (penname) predicted the end of the EUR/CHF peg at the CFA Society and at many occasions on SeekingAlpha.com and on this blog. Several Swiss and international financial advisors support the site. These firms aim to deliver independent advice from the often misleading mainstream of banks and asset managers. George is FinTech entrepreneur, financial author and alternative economist. He speak seven languages fluently.

Yanis Varoufakis (DiEM25) and Luigi de Magistris (mayor of Naples) meet in Rome

The challenge to rebuild from the bottom a democratic Europe, comes in the name of a renewed struggle for social and civil rights that now are currently coming from the “rebel cities” of different countries around the continent. The extraordinary vivacity of the Napolitans movements have highlighted the importance of the relationship between new administrations …

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Geldanlage-Fehler – Teil 5: Vorsicht vor unseriösen Geldanlagen!

Leider gibt es in Zeiten der Nullzinsen zunehmend mehr schwarze Schafe im Bereich der Geldanlage. Denn unseriöse Geldanlage-Anbieter wissen die Unwissenheit und Verzweiflung vieler unerfahrener Sparer auszunutzen. Meistens fallen leider genau die Anleger auf unseriöse Geldanlagen rein, die gar kein Risiko eingehen wollen, da die Sicherheits-Versprechen und Aussichten auf hohe Renditen einfach zu verlockend klingen. …

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Fête de l’Humanité 2016 – DiEM25 – Yanis Varoufakis – Photos & Vidéos : Stefanie Lebowski

Fête de l’Humanité 2016 – 1er grand évènement et rassemblement francophone de DiEM25, 6 mois après la création de DiEM25. Date de création de DiEM25 France : 26 mars 2016 Allocution de Yanis Varoufakis – 3 Journées/stand/conférences de DiEM25, avec des conférences débats autour de la démocratie, la transparence, l’exil fiscal, la censure des médias, …

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Yanis Varoufakis: I have a message for my leftwing comrades

Varoufakis with Kipping and Lederer at the panel discussion “Europa mit links verändern!” at Astra-Kulturhaus Berlin

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Golfschläger-Arten: Diese habe ich im Golfschläger-Set

Driver, Putter, Eisen, Hölzer – wovon redet der Erichsen da heute schon wieder? 😉 Es geht natürlich um die verschiedenen Golfschläger-Arten. Ich stelle Dir heute mein Golfschläger-Set vor und erkläre Dir, welche Golfschläger Du wirklich brauchst: 1. Driver (Holz 1) 2. Fairway-Holz (Holz 3) 3. Rescues/Hybrids 4. Eisen 5-9 5. (Pitching-) Wedges 6. Putter Nach …

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Swiss Producer and Import Price Index, August 2016: -0.3 percent MoM, -0.4 percent YoY

The Producer and Import Price Index fell in August 2016 by 0.3% compared with the previous month, reaching 99.5 points (base December 2015 = 100). This decline is due in particular to lower prices for petroleum products and pharmaceutical products. Compared with August 2015, the price level of the whole range of domestic and imported products fell by 0.4%.

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Swiss Real Estate: Empty dwellings back to 2001 levels

On 1 June 2016, some 56,518 dwellings or 1.30% of all dwellings were unoccupied in Switzerland. Some 5436 more dwellings were empty than in the previous year, representing an increase of 11%. These are findings from the empty dwellings census of the Federal Statistical Office (FSO).

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Huma 2016 – Interview de Yanis Varoufakis animateur du mouvement Diem25.



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Swiss Q2 GDP: +0.6 percent QoQ, +2.0 percent YoY

Each quarter, the SECO estimates the GDP and its components. The main purpose of these estimations is to provide data that allow for an assessment of the cyclical development of the main macroeconomic aggregats in a timely adequate and credible manner.

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Swiss Consumer Price Index in August 2016: -0.1 percent against 2016, -0.1 percent against last month

We often look at parts of the CPI. For example food inflation is relevant in emerging markets or poorer people in developed nations. Food inflation in Switzerland has risen by 1.3% YoY compared to 0.2% in the U.S., and 1.4% in the eurozone and 1.1% in neighbour Germany. Rents are up +0.2% YoY. Existing Swiss rents are bound to interest rates; therefore they cannot follow the Swiss real estate boom yet.

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DIW-Chef Marcel Fratzscher im Interview



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Tourism accommodation statistics in July 2016: Slight decline in overnight stays in July

The Swiss hotel industry registered 4.1 million overnight stays in July 2016, which corresponds to a decrease of 0.4% (-18,000 overnight stays) compared with July 2015. Foreign visitors generated 2.3 million overnight stays, representing a decline of 2.0% (-46,000). Domestic visitors registered 1.8 million overnight stays, i.e. an increase of 1.6% (+29,000). These are provisional results from the Federal Statistical Office (FSO).

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Europe Debates The Burkini: “We Will Colonize You With Your Democratic Laws”

"We will colonize you with your democratic laws." — Yusuf al-Qaradawi, Egyptian Islamic cleric and chairman of the International Union of Muslim Scholars. "Beaches, like any public space, must be protected from religious claims. The burkini is an anti-social political project aimed in particular at subjugating women.

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“Market Economy – Reinvent or Reboot?” with Yanis Varoufakis, Clemens Fuest – Alpbach Forum 2016

Yanis Varoufakis, professor of Economics, former finance minister of Greece and cofounder of Diem25 debates Clemens Fuest, president of IFO (Institut für Wirtschaftsforschung). Discussion includes the political – economic problems of modern Europe, the Greek crisis and its handling by the EU, thoughts on the market economy and universal basic income. Discussion took place in …

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Swiss Retail Sales -2.6 percent nominal (YoY) and -2.2 percent real (YoY)

Turnover in the retail sector fell by 2.6% in nominal terms in July 2016 compared with the previous year. This decrease has been ongoing since January 2015. Seasonally adjusted, nominal turnover rose by 0.4% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

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KOF Economic Barometer August: A Dip below the 100 Points Level

The KOF Economic Barometer, with a current reading of 99.8, showed a drop of 3.7 points in August 2016 (from revised 103.5 in July). The Barometer fell just below its long-term average for the first time since December 2015. The outlook for the Swiss economy is less upbeat than one month ago, returning to its long-term average path.

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Switzerland UBS Consumption Indicator July: Car buyers turn on cruise control

In July, the UBS consumption indicator rose to 1.32 points from 1.21. A slight downward adjustment of the June figure and above-average car sales generated the increase. However, the disappointing June figures for tourism and sluggish consumer sentiment slightly curbed this upward trend.

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Spain’s Political Deadlock Likely Leads to Third Election

Rajoy is hoping to form a minority government this week. It seems unlikely to succeed, which could lead to an election on Christmas. Regional elections and corruption trials may change Spain's political dynamics.

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Yanis Varoufakis | Buch: “Das Euro Paradox”

Yanis Varoufakis und sein neues Buch: “Das Euro Paradox” ttt 28.08.2016 Quelle: Das Erste Brillanter Theoretiker, radikaler Träumer, berechnender Zocker, Wirtschaftsmathematiker, Motoradfahrer: In seinem neuen Buch tritt Griechenlands Ex-Finanzminister Yanis Varoufakis für eine Rettung Europas ein. ABO NICHT VERGESSEN weitere interessante Links: Konsumterror vs Konsumverzicht Konsumterror vs Konsumverzicht Nico Paech & Co...

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Swiss national accounts 2015: Slow GDP growth in 2015

In 2015 the Swiss economy registered a growth in gross domestic product (GDP) of 0.8% at the previous year's prices (+2.0% in 2014). Taking a slight decrease in the general price level into account, GDP at current prices grew by 0.3% (2014: +1.4%). This modest increase is in keeping with a difficult monetary environment. The gross national income (GNI) at current prices registered an increase of 1.6% following an improved balance of income with...

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