Tag Archive: Central Bank

SNB: It’s A Bonfire Of The Absurdities

2017-11-21

This week’s letter will take a look at the growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines. I have gone from the occasional smile to scratching my head now and then to “WTF” moments several times a week.

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Fed’s Asset Bubbles Now At The Mercy Of The Rest Of The World’s Central Bankers

2017-09-23

by Tyler Durden

2017-09-23

"Like watching paint dry," is how The Fed describes the beginning of the end of its experiment with massively inflating its balance sheet to save the world. As former fund manager Richard Breslow notes, however, Yellen's decision today means the risk-suppression boot is on the other foot (or feet) of The SNB, The ECB, and The BoJ; as he writes, "have no fear, The SNB knows what it's doing."

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Six Banks Join UBS’s “Utility Coin” Blockchain Project

2017-09-03

by Tyler Durden

2017-09-03

Here’s a piece of news that the remaining human members of Wall Street’s FX sales and trading desks probably don’t want to hear. According to the Financial Times, six of the world’s largest banks have decided to join a blockchain project called “utility coin” that will allow banks to settle trades in securities denominated in different currencies without a money transfer.

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“Financial Crisis” In 2017 Or By End Of 2018 – Prepare Now

2017-07-19

by Mark O'Byrne

2017-07-19

Central Bank Balance Sheets of Financial Crisis, 2007 - 2017

John Mauldin of Mauldin Economics latest research note, Prepare for Turbulence, is excellent and a must read warning about the coming financial crisis. Mind refreshed from what sounds like a wonderful honeymoon and having had the time to read some books outside his “comfort zone” he has come to the conclusion that we are on the verge of a “major financial crisis, if not later this year, then by the end of 2018 at the latest.”

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The Swiss National Bank Owns $80 Billion In US Stocks – Here’s The Catch

2017-07-03

by John Mauldin

2017-07-03

Switzerland is a small country of just 8 million people, but they make an outsized impact on economics and finance and money. Because Switzerland is considered a safe haven and a well-run country, many people would like to hold large amounts of their assets in the Swiss franc. This makes the Swiss franc intolerably strong for Swiss businesses and citizens. So the Swiss National Bank (SNB) has to print a great deal of money and use nonconventional...

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“It’s A Perfect Storm Of Negativity” – Veteran Trader Rejoins The Dark Side

2017-06-16

by Kevin Muir

2017-06-16

After many months of fighting all the naysayers predicting the next big stock market crash, I am finally succumbing to the seductive story of the dark side, and getting negative on equities. I am often early, so maybe this means the rally is about to accelerate to the upside.

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Negative Rates: The New Gold Rush… For Gold Vaults

2017-06-09

by Tyler Durden

2017-06-09

Negative interest rates and the populist uprising that spurred the UK to vote for Brexit and Americans to elect Trump has helped reignite a rush into physical safe haven assets like gold and silver, which however has led to a shortage of safe venues where to store the precious metals (unlike bitcoin, gold actually has a physical dimension).

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Sweden’s Gold Reserves: 10,000 gold bars (pet rocks) shrouded in Official Secrecy

2017-04-28

by Ronan Manly

2017-04-28

In February 2017 while preparing for a presentation in Gothenburg about central bank gold, I emailed Sweden’s central bank, the Riksbank, enquiring whether the Riksbank physically audits Sweden’s gold and whether it would provide me with a gold bar weight list of Sweden’s gold reserves (gold bar holdings). The Swedish official gold reserves are significant and amount to 125.7 tonnes, making the Swedish nation the world’s 28th largest official gold...

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The Global Burden

2017-04-12

by Jeffrey P. Snider

2017-04-12

Bundesrepublik Deutscheland Finanzagentur GmbH (German Finance Agency) was created on September 19, 2000, in order to manage the German government’s short run liquidity needs. GFA took over the task after three separate agencies (Federal Ministry of Finance, Federal Securities Administration, and Deutsche Bundesbank) had previously shared responsibility for it.

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Video: The Swiss National Bank Is Acting Like A Hedge Fund

2017-02-26

by EconMatters

2017-02-26

We discuss the fact that Central Banks have basically morphed into Hedge Funds with similar risky investing strategies, except they buy without any regard to the underlying fundamentals of the assets they are buying. When did the Swiss Citizens say it was the proper role for the Swiss National Bank to be buying US Stocks? How is this stimulating the Swiss Economy?

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What Will Trump Do About The Central-Bank Cartel?

2017-02-14

by Thorsten Polleit

2017-02-14

Euro Banks find it increasingly hard to obtain US dollar credit

The US is by far the biggest economy in the world. Its financial markets — be it equity, bonds or derivatives markets — are the largest and most liquid. The Greenback is the most important transaction currency. Many currencies in the world — be it the euro, the Chinese renminbi, the British pound or the Swiss franc — have actually been built upon the US dollar.

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80 percent Of Central Banks Plan To Buy More Stocks

2017-01-24

by Tyler Durden

2017-01-24

Central banks foreign-exchange reserves, Global debt

Regular readers remember how, when we first reported around the time of our launch eight years ago that central banks buy stocks, intervene and prop up markets, and generally manipulate equities in order to maintain confidence in a collapsing system, and avoid a liquidation panic and bank runs, it was branded "fake news" by the established financial "kommentariat."

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Kosten eines Vollgeld-Systems sind hoch (Costly Sovereign Money)

2016-12-22

by Dirk Niepelt

2016-12-22

Eine Umsetzung der Vollgeld-Initiative würde grossen Schaden anrichten und dürfte im Ergebnis selbst die Initianten enttäuschen. Verbesserungen verspricht dagegen eine «sanfte» Reform: die Einführung von elektronischem SNB-Geld für alle.

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We’re All Hedge Funds Now – Central Banks Become World’s Biggest Stock Speculators

2016-11-08

by John Rubino

2016-11-08

At first, the idea of central banks intervening in the equity markets was probably seen even by its fans as a temporary measure. But that’s not how government power grabs work. Control once acquired is hard for politicians and their bureaucrats to give up. Which means recent events are completely predictable.

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SNB & CHF, the blog on a beleaguered central bank, its currency, on gold and astute investments

SNBCHF.com tracks Swiss macro-economic news and the Swiss National Bank. The SNB finally gave up the euro peg and agreed with the authors of this blog. Over years this blog expressed opposition against the EUR/CHF peg in about 900 different pages. They track the strong Swiss economic performance over these years. They explain all logical and fundamental Forex background why this peg did not have any reason to exist or, at least, why it was doomed...

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