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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Wirtschaftsweiser Bofinger: EZB muss noch viel mehr helfen

2013-05-16

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Wie geht es weiter für die Eurozone Ist Sparen das richtige Mittel, um aus der Krise zu kommen und was sollte die EZB noch tun Wachstum ohne Verschuldung ist schwierig, so Prof. Peter Bofinger, einer der fünf Wirtschaftsweisen.

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Swiss Inflation Unchanged, HICP Difference Euro Area to Switzerland Down to 1.6 percent

2013-05-09

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2013-05-09

Switzerland Inflation Eurozone April 2013
Swiss inflation unchanged in April against March. The inflation difference between the Euro area and Switzerland on a new low. While in early 2012 it was near 4%, if has shrunk now to 1.6%. Details

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Why it Makes Sense to Exit the Euro Zone in Times of Balance Sheet Recessions

Beppe Grillo
Italy will follow Japan for decade(s) of balance sheet recession. There is one mean to avoid it. The periphery should use current positive market sentiments and low inflation to exit the euro zone.

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Frank Schäffler Rede zum Beschluss über das Zypern-Programm 18.04.2013

2013-04-18

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Rede im Plenum des Deutschen Bundestages zu Zypern. Ich habe mit Nein gestimmt. Hintergrund dazu in meinem Newsletter: http://www.frank-schaeffler.de/node/2333/ und http://www.frank-schaeffler.de/weblog/2296

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Heiner Flassbeck – Handelt jetzt! Das globale Manifest zur Rettung der Wirtschaft

2013-04-11

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Handelt jetzt! Das globale Manifest zur Rettung der Wirtschaft Heiner Flassbeck, Paul Davidson, James K. Galbraith, Richard Koo, Jayati Ghosh Es muss sich etwas ändern. Jetzt! Sofort! Fünf der weltweit wichtigsten und anerkanntesten Ökonomen fordern mit ihrem Manifest eine internationale Zusammenarbeit ein, die für die Teilhabe aller Menschen am Fortschritt sorgt und die strikt am …

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March Swiss Inflation Up 0.2 percent MoM, Down -0.6 percent YoY

2013-04-09

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2013-04-09

swiss cpi eurozone march 2013 switzerland
Swiss inflation edged up 0.2% MoM when seasonal effects on clothes and footware were corrected. On a year basis, the CPI fell by 0.6%. Major reason were the falling energy prices, details

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Peter Bofinger on Eurocrisis: Is there already light at the end of tunnel?

2013-04-03

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About the Speech: In his presentation to the IIEA, Professor Bofinger will examine recent and forthcoming reforms and developments in the European economy. He will consider the prospect of a European recovery and the end to the Eurocrisis. About the Speaker: Since March 2004, Peter Bofinger has been a member of the German Council of …

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Heiner Flassbeck: Ohne systematische Lösung zerstört man den Euro Tipp: NachDenkSeiten.de

2013-04-02

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Quelle: http://www.nachdenkseiten.de/?p=16714#h04 Quelle: http://www.dradio.de/dlf/sendungen/interview_dlf/2058371/

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The Transfer Union from South to North since 2008: Wolfgang Schäuble, the Evil Genius of the Euro Crisis

Schäuble
Wolfgang Schäuble has become the evil genius of the euro crisis. He has understood that the Cyprus crisis won't lead to a bank-run and collapse of capital markets. We all know that the US is now recovering.

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European Wealth Reports: Why “Median” Italians are Far Richer than Germans

Italy home sales business loans 2000-2012
We explain why according to the European wealth reports "median" Italians are more wealthy than Germans. The main reasons are high savings and accumulation of wealth for the average family until the 1990s, often invested in homes and real estate. Low ECB interest rates finally let the value of the home rise strongly.

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Swiss Economic Indicators, March 2013

2013-03-27

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2013-03-27

GDP KOF Wages CPI PPI Trade Balance Consumption SECO Industrial Production Construction
  Switzerland continues to see a robust economy, even if the leading KOF indicator fell to 0.99 after highs of 1.68 in September. On other side, real and nominal wages continue to increase. As opposed to the KOF value, the UBS consumption indicator is rising. This shows that the internal economy is able to balance … Continue...

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Dijsselbloem: The End of the Bankers’ and Bond Holders’ Moral Hazard

2013-03-27

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2013-03-27

Lagarde Rehn Dijsselbloem
We have insisted in several posts that the northern euro zone is very reluctant to continuously bail out the periphery and in particular its banks. The euro group chief Dijsselbloem has confirmed this now.

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Frank Schäffler: Euro – quo vadis?

2013-03-26

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25.03.2013 Zu Vortrag und Diskussion mit Frank Schäffler am 25.03.2013 hatte die Sektion Kassel der Gesellschaft für Wehr- und Sicherheitspolitik e.V., http://www.gfw-kassel.de, eingeladen: »Zu Gast ist der Kritiker des derzeigen Euro-Kurses MdB Frank Schäffler. Schäffler bekam unlängst von Bundestagspräsidenten Lammert neben der Fraktionsliste zusätzliche Redezeit im Parlament und wird in den Medien als “EURO-Rebell” bezeichnet....

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Cyprus, the Final Compromise: The Winners and the Losers

2013-03-25

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2013-03-25

Laiki Bank
 UPDATE March 25 The final compromise: via Reuters TOP NEWS Detail of EU/IMF bailout agreement with Cyprus Sun, Mar 24 22:19 PM EDT BRUSSELS (Reuters) – Cyprus clinched a last-ditch deal with international lenders on Monday for a 10 billion euro ($13 billion) bailout that will shut down its second largest bank and inflict heavy …

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Cyprus: The initial compromise and reactions

2013-03-23

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2013-03-23

Cyprus Haircut
The initial compromise The Cyprus compromise combines a 10 billion € bailout with European, basically German tax-payers money, that also obliges rich account owners (9.9% levy) – rich Russians and Brits – and poorer account owners (6.75% levy) – Cypriot tax-payers money – to take part in the deal. Initial reactions from Zerohedge over Keynesian mainstream …

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Cyprus Levy on Deposits: New Escalation or Final Stage of Euro Crisis?

2013-03-16

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2013-03-16

Cyprus Bank levy deposits
Nicosia will impose a 9.9 percent one-off levy on deposits above 100,000 euros in Cypriot banks. This constitutes maybe the final stage of the euro crisis, with the very  last country to be rescued. Or will it be a new escalation and may be the most dangerous one, a bank-run? How many Cyprus clients managed …

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Difference between Eurozone and Swiss Inflation Rates Continues to Shrink

2013-03-09

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2013-03-09

Swiss CPI vs. Eurozone
The gap has fallen from 3.7% in February 2012 to 2.1%. Swiss CPI is rising on monthly basis, but still negative with 0.3% YoY.

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Credit Suisse Study: Swiss Real Estate Market Needs Higher Rates

2013-03-07

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2013-03-07

Swiss Real Estate Income vs. Price
A new study by Credit Suisse claims that the SNB needs to hike interest rates in order to avoid excessive risk taking in real estate markets; in particular around the centers of Geneva and Zurich, but also in the Southern Swiss cantons with lower income, but high real estate prices.

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