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.
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Swiss Nominal Wages to Rise by 0.8 Percent

2016-08-11

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2016-08-11

The unions are demanding higher salaries for next year. However, gains are realistic only in individual sectors. In addition, can be expected in Switzerland with a lower purchasing power gain. The workers umbrella organization Travail Suisse and the association Employees Switzerland have launched the 2017 wage round on Tuesday.

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Pictet – In conversation with Peter Diamandis

2016-08-11

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The world is living in exponential times, according to the Greek-American entrepreneur Peter Diamandis — an era when the pace of technological change is doubling every year or two. Speaking to an audience of 40 wealthy families at The Family Consilium which was convened in Gstaad by Pictet in June 2016, he said that the …

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Swiss Real Estate Bubble Index 2Q 2016 continues falling, Still in Risk Zone

2016-08-10

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2016-08-10

The UBS Swiss Real Estate Bubble Index nudged down in 2Q 2016 to 1.32 points and thus remains in the risk zone. This second drop in a row was due to house prices falling in real terms and the declining momentum of mortgage growth. Investments in real estate remain popular due to low interest rates.

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Switzerland Unemployment in July 2016: Remained unchanged at 3.1 percent, seasonally adjusted unchanged at 3.3 percent

2016-08-09

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2016-08-09

At the end of July 2016 there were 139'310 registered as unemployed, 183 more than last month. The unemployment rate remained at 3.1% in June. Compared to the previous month, unemployment increased by 5'556 persons (+ 4.2%). Seasonally adjusted 3.3%, one year ago 3.2%.

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Swiss Consumer Price Index in July 2016: -0.2 percent against 2015, -0.4 percent against last month

2016-08-08

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2016-08-08

The Swiss Consumer Price Index (CPI) fell by 0.4% in July 2016 compared with the previous month, reaching 100.3 points (December 2015=100). Inflation was -0.2% in comparison with the same month in the previous year. These are the findings of the Federal Statistical Office (FSO).

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KOF-Umfrage: "Brexit-Entscheid hat bisher keinen Einfluss"

2016-08-05

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Der Geschäftslageindikator für die Schweizer Privatwirtschaft ist im Juli leicht gestiegen, nachdem er im Vormonat gesunken war. Seit dem Frühjahr weist dieser Indikator eine steigende Tendenz auf, welche auch durch die Brexit-Entscheidung Grossbritanniens nicht unterbrochen wurde, wie Klaus Abberger, Bereichsleiter Umfragen von der Konjunkturforschungsstelle der ETH Zürich (KOF) gegenüber AWP erklärte. Nach Branchen geordnet, habe vor allem der...

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Statistics on tourist accommodation in June and in the first half of 2016: Overnight stays decline in first half-year and in June

2016-08-05

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2016-08-05

The hotel sector registered 16.8 million overnight stays in Switzerland during the first sixth months of 2016. This represents a decrease of 1.2% (-199,000 overnight stays) compared with the same period a year earlier. With a total of 9.1 million overnight stays, foreign demand showed a drop of 2.5% (-234,000). Domestic visitors registered 7.7 million overnight stays, i.e. an increase of 0.5% (+36,000).

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Swiss Consumer Sentiment Remains Subdued

2016-08-04

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2016-08-04

Consumer sentiment remained unchanged between April and July 2016* and is now below the long-term average for the fifth quarter in a row. Most sub-indices also saw no major change, except regarding inflation, with the 1,200 or so individuals questioned expecting prices to rise more sharply over the next twelve months than they had in April.

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Yanis Varoufakis: La Renta Básica es una Necesidad (fragmento)

2016-08-04

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Varoufakis postula que el empleado debe tener la opción real de decir que no para ser libre y tener capacidad de negociación. Esta falta de opciones ha llevado a una fuerte precarización y pérdida de beneficios.

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Yanis Varoufakis: Nations need to get together and reboot the world economy

2016-08-03

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We spoke to Yanis Varoufakis about what it would take to get the global economy back on track and restore investor confidence. As you might expect, he had a very original perspective, and the economics to back it up.

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Swiss Retail Sales -4.6 percent nominal (YoY) and -3.9 percent real (YoY)

2016-08-02

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2016-08-02

Turnover in the retail sector fell by 4.6% in nominal terms in June 2016 compared with the previous year. The decline has been ongoing since January 2015. This is the largest decline since January 2003. Seasonally adjusted, nominal turnover fell by 0.6% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO).

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KOF Economic Barometer July: Prospects for the Swiss Economy Remain Favourable

2016-08-01

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2016-08-01

The KOF Economic Barometer has only changed little and reached a value of 102.7 in July. In June, and therefore before the referendum in the United Kingdom about its membership in the EU, the KOF Economic Barometer stood at a value of 102.6 (revised from 102.4). Thus the Barometer has been standing above the historical average since February this year. Despite the outcome of the vote in the United Kingdom and various other geopolitical risks, the...

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Yanis Varoufakis: Investors Game

2016-07-27

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This is a part of the google event on April 22, 2016. The whole thing can be seen at: https://www.youtube.com/watch?v=P2Zpkz7lK-s Disclaimer: I do not own copyright to this video. If you do, and want me to remove it, please let me know. Disclaimer: Ne posedujem vlasnička prava ovog klipa. Ako ih vi posedujete i želite … Continue reading...

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Switzerland UBS Consumption Indicator June: Summer tourism inspires confidence

2016-07-27

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2016-07-27

In June, the UBS consumption indicator rose from 1.24 to 1.34 points. This was mainly due to a better performance in the tourism industry as well as a slight improvement in sentiment in the retail trade. However, the situation in the labor market is still strained and is weighing on consumer sentiment.

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Wie zukunftsfähig ist die Soziale Marktwirtschaft? Drei Fragen an Marcel Fratzscher

2016-07-27

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Was sind die zentralen Herausforderungen für die Soziale Marktwirtschaft? Wie können wir die Soziale Marktwirtschaft zukunftsfähig machen? Was meint inklusives Wachstum? Hier die Antworten von Professor Marcel Fratzscher, Ph.D., Präsident des Deutschen Instituts für Wirtschaftsforschung (DIW) in Berlin. Das Interview fand in Berlin am Rande einer Podiumsdiskussion der Bertelsmann Stiftung zur Zukunft der Sozialen Marktwirtschaft …

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Heiner Flassbeck “Europa in der Dauerkrise”

2016-07-27

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Prof Dr. Heiner Flassbeck spricht zu den diversen Krisen und ihren Ursachen in Europa.

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Deutschlands Rolle in der Europäischen Union mit Heiner Flassbeck Teil 2

2016-07-26

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Im zweiten Teil des Gespräch, spricht Flassbeck über die Rolle der Medien, wenn es darum geht, eine bestimmtes Meinungsklima zu Wirtschaftsfragen zu erzeugen. Es fehlten die “Kritische Geister” in den Redaktionen, die für eine funktionierende Demokratie notwendig seien. Flassbeck geht auch auf Konzepte wie globalen Handel, Konsum und Investitionen ein und räumt mit eingigen Missverständnissen …

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Yanis Varoufakis (Former Greek minister of finance) | «Vote yes!» / Swiss basic income referendum

2016-07-22

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Varoufakis will speak at the conference «Future of Work» on 3 May 2016 at the Gottlieb Duttweiler Institute in Ruschlikon/Zurich, Switzerland. Further top-class speakers: – Former US minister of work Robert Reich – Natalie Foster (former advisor to Barack Obama) – MIT professor Erik Brynjolfsson. Learn more: www.gdi.ch/work2016 © GDI Gottlieb Duttweiler Institute Werden Sie …

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European Court of Justice Ruling Weighs on Italian Banks

2016-07-19

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2016-07-19

ECJ uphold principle of bailing in junior creditors before the use of public funds. Italian banks shares snap a three-day advance. The EBA/ECB stress test results at the end of next week are the next big event.

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9. Industriekongress: Keynote Prof. Dr. Heiner Flassbeck

2016-07-19

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Heiner Flassbeck sprach zum Thema “Europa in der Dauerkrise – , welche Wirtschaftspolitik braucht der Kontinent?” am Industriekongress 2016.

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