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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 Retail Sales, January 2021: -0.9 percent Nominal and -0.5 percent Real

2021-03-01

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2021-03-01

Switzerland Retail Sales YoY, January 2021
Turnover adjusted for sales days and holidays fell in the retail sector by 0.9% in nominal terms in January 2021 compared with the previous year. Seasonally adjusted, nominal turnover fell by 4.9% compared with the previous month. The economic sectors were affected to varying degrees.

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Employment in Switzerland fell in 4th quarter 2020 for the third consecutive time

2021-02-27

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2021-02-27

Switzerland Employment Level Q4 2020
In the 4th quarter 2020, the total employment (number of jobs) fell by 0.4% in comparison with the same quarter a year earlier (+0.1% with previous quarter). Among women, the decrease was 0.6%, while employment among men fell by 0.3%. In full-time equivalents, employment in the same period declined also by 0.4%.

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Switzerland GDP Q4 2020: +0.3 percent QoQ, -1.6 percent YoY

2021-02-26

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2021-02-26

Switzerland Gross Domestic Product (GDP) QoQ, Q4 2020
Switzerland’s GDP growth slowed to 0.3 % in the 4th quarter after reaching 7.6 % in the 3rd quarter.  Major losses were recorded in the services directly affected by the tightening of the containment measures. Other industries continued to recover. On the whole, the second wave of the coronavirus until the end of 2020 had much less of an impact on the economy than the first wave did last spring.

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Swiss Producer and Import Price Index in January 2021: -2.1 percent YoY, +0.3 percent MoM

2021-02-23

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2021-02-23

Switzerland Producer Price Index (PPI) YoY, January 2021
23.02.2021 - The Producer and Import Price Index rose in January 2021 by 0.3% compared with the previous month, reaching 100.3 points (December 2020 = 100). The rise is due in particular to higher prices for scrap, petroleum products, as well as for basic metals and semi-finished metal products. Compared with January 2020, the price level of the whole range of domestic and imported products fell by 2.1%.

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Yanis Varoufakis EU ‘WAITING FOR BUBBLE TO BURST’ with states poised for financial CRlSlS

2021-02-23

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YANIS VAROUFAKIS, Greece's former Finance Minister, said it was only a matter of time before the EU's eurozone bubble "bursts", throwing member states into economic hardship.

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Yanis Varoufakis says EU ‘waiting for bubble to burst’ with states poised for financial crisis

2021-02-22

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Yanis Varoufakis says EU 'waiting for bubble to burst' with states poised for financial crisis. YANIS VAROUFAKIS, Greece's former Finance Minister, said it was only a matter of time before the EU's eurozone bubble "bursts", throwing member states into economic hardship. The coronavirus pandemic has forced countries around the world to take unprecedented economic measures.

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Secondary sector with strong production and turnover losses in the 4th quarter and for the whole of 2020

2021-02-19

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2021-02-19

Secondary sector production declined 3.1% in 4th quarter 2020 in comparison with the same quarter a year earlier. Turnover fell by 4.4%. For 2020 as a whole which was shaped by the Covid 19 pandemic, there were strong decreases in production (-3.3%) and turnover (-5.2%).

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Swiss Trade Balance January 2021: foreign trade starts the year on a positive note

2021-02-18

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2021-02-18

Swiss exports and imports, seasonally adjusted (in bn CHF), January 2021
After declining in December 2020, Swiss foreign trade again showed a strong increase at the start of 2021. In January and in seasonally adjusted terms, exports rose 5.4% to 18.9 billion francs and imports by 3.3% to 15.3 billion. In both directions of trafficking, the boom relied heavily on chemicals and pharmaceuticals. The trade balance closed with a surplus of 3.6 billion francs.

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Average annual inflation rate for residential property in 2020 was 2.5 percent

2021-02-16

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2021-02-16

IMPI – Swiss Residential Property Price Index, Q4 2020
16.02.2021 - The Swiss residential property price index (IMPI) increased in the 4th quarter 2020 compared with the previous quarter by 2.3% and reached 103.1 points (4th quarter 2019 = 100). Compared with the same quarter of the previous year, inflation was 3.1%. The average annual inflation rate for residential property in 2020 was 2.5%.

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EU STUNNED! As Varoufakis destroys ‘glorified cartel’ EU – Jab chaos exposes bloc’s ‘true weakness’

2021-02-12

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Yanis Varoufakis destroys 'glorified cartel' EU - Jab chaos exposes bloc’s 'true weakness'. YANIS Varoufakis has lashed out at the European Union's failings during the coronavirus crisis as he hit out at the shortage of vaccines across the bloc. The former Greek finance minister blamed the vaccine disaster on a lack of democracy and the EU originating as a “glorified cartel”.

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Yanis Varoufakis with Noam Chomsky on the Greek debt default.

2021-02-11

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April 16, 2016. Varoufakis tells Chomsky about the inner workings of the EU that he was privy to as the finance minister of Greece.

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LET’S TALK IT OVER – (with Roger Waters, Brian Eno, Yanis Varoufakis and Ken Loach)

2021-02-10

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"Let's Talk It Over" is a new show co-hosted by Yanis Varoufakis, Roger Waters, Ken Loach, Brian Eno and Frank Barat.

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Wie gefährlich ist die Lage?

2021-02-09

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Heute geht es um das Thema der Stunde, die Wallstreetbets und wie gefährlich sie der Wallstreet und dem Big Establishment tatsächlich werden können. Natürlich geht es auch um die Rolle der Hedgefonds und der Broker und wir werden über Robin Hood, Trade Republic und Game Stop sprechen. Schaut es euch an!

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Switzerland Unemployment in January 2021: risen to 3.7percent, seasonally adjusted remained at 3.5percent

2021-02-08

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2021-02-08

Switzerland Unemployment Rate n.s.a., October 2020
Registered unemployment in October 2020 - According to surveys by the State Secretariat for Economic Affairs (SECO), 149,118 unemployed people were registered with the regional employment centers (RAV) at the end of October 2020, 558 more than in the previous month. The unemployment rate remained at 3.2% in the month under review. Compared to the same month last year, unemployment increased by 47,434 people (+ 46.6%).

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Bitcoin ist eine schrecklich gute Erfindung!”

2021-02-08

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Ray Dalio war sehr lange ein Bitcon Skeptiker und sagt jetzt, Bitcoin ist eine verdammt gute Erfindung. Darüber müssen wir sprechen, denn das ist der Ritterschlag für Bitcoin, oder?

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2020 Cambridge Union address | DiEM25

2021-02-06

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ABOUT THE CAMBRIDGE UNION: From its small beginnings as a debating society, the Cambridge Union is the oldest debating society in the world and the largest student society in Cambridge. The Union remains a unique forum for the free exchange of ideas and the art of public debate.

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Vor Gericht und auf hoher See ist man in Gottes Hand, an den Finanzmärkten bald auch?

2021-02-05

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Es klingt zunächst ehrenhaft, wenn sich ein virtueller Flashmob von braven Kleinanleger machtvoll gegen skrupellose Hedgefonds wehrt. Im Sherwood Forest, in der Finanzwelt, soll Robin, das Gute, gegen den Sheriff von Nottingham, die Hochfinanz, gewinnen, oder?

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DIW-Präsident Fratzscher: “Dass wir einen Wirtschaftsboom erleben werden, halte ich für gewagt”

2021-02-04

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Der Präsident des Deutschen Instituts für Wirtschaftsforschung (DIW), Prof. Marcel Fratzscher, wagte am Mittwoch im Rahmen eines Gesprächs mit Vertretern des Vereins der Ausländischen Presse einen Ausblick auf die Entwicklung der deutschen Wirtschaft im Jahr 2021.

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Yanis Varoufakis meets Owen Jones

2021-02-03

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Yanis Varoufakis is one of the world's most famous economists and left-wing intellectuals. The former Finance Minister of Greece, he is a Greek politician, the founder of the Democracy in Europe Movement (DiEM25) and launched the Progressive International with Bernie Sanders.

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Yanis Varoufakis at the launch of Jeremy Corbyn’s Project for Peace and Justice

2021-02-02

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Yanis Varoufakis at the launch of Jeremy Corbyn's Project for Peace and Justice.

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