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 industrial production unimpressed by global slowing

2013-07-08

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2013-07-08

Swiss industrial production rose by 3% in the first quarter 2013 compared with the same quarter of the previous year. Turnover rose by 3.7%. Details

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The End of Swiss Deflation

2013-07-05

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2013-07-05

Swiss CPI Eurozone Comparison June 2013
The yearly change of the Swiss consumer price index has risen from -0.5% to -0.1%, the end of deflation is near. Swiss inflation measured with the European standard HICP has even improved to +0.2% y/y. Details

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Italian Retail Prices Remain close to Switzerland, Germany Far Cheaper

2013-06-16

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2013-06-16

German vs. Italian prices since 1998
Disinflation Finally Starting in Italy The Swiss site preisbarometer.ch is run by the Swiss Consumer Association. Their price data shows that a food basket is 46% more expensive when compared between the German “Kaufland” shop and the Swiss “Coop”. Going to France into “Leclerc” gives you an advantage of 38% against Coop. However, for a …

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Reasons for the Spanish Housing Bubble



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SNB’s Danthine: Credit – is the sky the limit?

Jean Pierre Danthine Swiss National Bank SNB


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Swiss second after Australia/NZL as for Employment Growth Since December 2007.

2013-06-07

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2013-06-07

Employment growth since Dec '07: Oz +8.1%, Switzerland +6.9%, Germany +5.8% Canada +4.3% Sweden +2.6% UK +0.9% Dutch +0.7% USA -2.1% Japan -2.3% Italy -3.1%

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Swiss Inflation Rises, Services Up 0.6 percent YoY, Goods Swiss Origin +0.3 percent, Energy Tames

2013-06-06

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2013-06-06

Switzerland Inflation Eurozone April 2013
Cheaper energy prices and long-lasting contracts help against inflation. Swiss inflation increased by 0.1% against April. According to Swiss Statistics, on a year basis, the CPI fell by 0.5%. Major reasons for lower figures were the 6.3% YoY decrease in energy prices, 4.5% YoY lower clothes and footwear price and technological improvements in communication that caused … Continue reading »

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UBS’s Consumption Indicator 1.46 Contradicts UBS’s Swiss GDP Forecast

2013-05-29

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2013-05-29

consumption indicator ubs march 2013
UPDATE, February 2014 According to the latest data from the SECO,Swiss GDP rose by 2% in 2014 and not by 0.9% as the UBS predicted. Once again the Swiss economy seems to be stronger than expected. UBS’s consumption indicator for April came out at 1.46 (details). This number seems at odds with the weak private … Continue reading...

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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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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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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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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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