Tag Archive: France
Central Banks & Governments and their gold coin holdings
While this is true in some cases, it is not the fully story because many central banks and governments, such as the US, France, Italy, Switzerland, the UK and Venezuela, all hold an element of gold bullion coins as part of their official monetary gold reserves.
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Global Peace Index: Only 10 countries not at war (among them Switzerland)
The world is becoming a more dangerous place and there are now just 10 countries which can be considered completely free from conflict, according to authors of the 10th annual Global Peace Index, among them Switzerland.
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The Twilight Of The Gods (aka Central Bankers)
The current financial market volatility increasingly reflects loss of faith in policy makers. Celebrity central bankers are learning that they must constantly produce new miracles for their followers.
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The Shocking Reason For FATCA… And What Comes Next
Submitted by Nick Giambruno via InterntionalMan.com,
If you’ve never heard of the Foreign Account Tax Compliance Act (FATCA), you’re not alone.
Few people have, and even fewer fully grasp the terrible things it foreshadows.
FATCA is a U.S. ...
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How Venezuela Exported 12.5 Tonnes Of Gold To Switzerland On March 8
Submitted by Ronan Manly of Bullionstar Blogs
Following on from last month in which BullionStar’s Koos Jansen broke the news that Venezuela had sent almost 36 tonnes of its gold reserves to Switzerland at the beginning of the year, “Venezuela Exporte...
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Swiss Politicians Slam Attempts To Eliminate Cash, Compare Paper Money To A Gun Defending Freedom
As we predicted over a year ago, in a world in which QE has failed, and in which the ice-cold grip of NIRP has to be global in order to achieve its intended purpose of forcing savers around the world to spend the taxed product of their labor, one thi...
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(5.4) The Relationship between Current Accounts and Savings
Private savings finance public deficit and current account surpluses. Important for understanding the euro crisis and the drivers of government bond yields.
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(9) FX Theory: Wealth and Net International Investment Position
Availability of funds (wealth and the international investment position): One of the 5 key indicators for FX rates. Often currencies of countries with a a lot of funds appreciate when markets decline.
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German Home Prices Quickly Narrowing Gap against France – 2014 Update
European national central banks released European household wealth reports in Spring 2013. According to that data, "median" German households were far poorer than many of their European counterparts. Based on 2012/2013 data we compared apartment prices and discovered that French prices were strongly overvalued or German ones undervalued.
We wanted to know if this is still the case in 2014 and integrated our 2012/2013 data with the one of 2014. We...
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Global Inflation Spikes Up, Are You Sure About What You Are Doing Mr Draghi?
The European Central Bank (ECB) has the habit of reacting late. As seen in July 2008 and July 2011, the ECB is often the last major central bank to hike rates. They hike rates at the moment when others prepare for a recession or a significant slowing. Currently we are witnessing the opposite movement: The world is getting … Continue...
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Italian Retail Prices Remain close to Switzerland, Germany Far Cheaper
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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Global Purchasing Manager Indices
Manufacturing Purchasing Manager Indices (PMIs) are considered to be the leading and most important economic indicators. August 2013 Update Emerging markets: Years of strong increases in wages combined with tapering fears have taken its toll: Higher costs and lower investment capital available. EM Companies have issues in coping with developed economies. Some of them …
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A Century Of French And Italian Economic Decline
Italy overtook Japan with the worst real GDP growth of all advanced economies since 1991 (0.79% per year, an amazing and sad distinction). Italians and French are clearly getting tired of austerity.
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Paul Krugman in 1990s: Long Live the French Franc!
Krugman in the 1990s: "France represents the most extreme case of “eurosclerosis”: of “ludicrously overregulated” labor markets and overprotected jobs. These issues and the unsuited German monetary policies to create the euro were the source of France’s troubles." View Craig Willy's...
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Global Purchasing Manager Indices, Update January 25
Manufacturing PMIs are considered to be the leading and most important economic indicators. After a strong slowing in summer 2012 and the Fed’s QE3, this is the fourth month of improvements in global PMIs January 25th Expansion-contraction ratio: There are 15 countries that show values above 50 and 14 with values under 50. Positive-negative-change ratio: …
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The Biggest Bubble of the Century is Ending: Government Bond Yields
Government bond yields under 10 years for safe-havens are close to zero. In April 2013, even 20 year bond yields are less than 3%, What can explain this bubble of the century? Update August 16, 2013: So, 10-year Treasury yields have ended the day closer to 3 per cent. But not as close as they … Continue reading »
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Global Purchasing Manager Indices, Update December 17
Manufacturing PMIs are considered to be the leading and most important economic indicators. Since the Fed’s QE3, this is the third month of improvements in global PMIs after a strong slowing in summer 2012. January 25th Expansion-contraction ratio: There are as many countries that show values above 50 as under 50. Positive-negative-change ratio: 18 countries …
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