Tag Archive: GDP

Kuroda-San in the Mouth of Madness

  Deluded Central Planners Zerohedge recently reported on an interview given by Lithuanian ECB council member Vitas Vasiliauskas, which demonstrates how utterly deluded the central planners in the so-called “capitalist” economies of the West have bec...

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Retirement Torpedoes and Democracy

Bonner compares Total credit market debt, federal government debt and GDP – an economy running on debt, and now running on empty.

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Swiss GDP 2014 +1.9%. Trade Surplus Contributed More than Half, Consumption Lagged

According to the figures of Swiss Statistics, the Swiss trade surplus rose by 10.4% in 2014. Therefore its contribution to the 2014 real GDP is higher than 50%. Private consumption lagged compared to the other components of Gross Domestic Product.

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(12) FX Rates, Contrarian Investments and the Misleading Concept Called GDP

We extended our existing post to contrarian investing. It was published on Seeking Alpha and awarded the Editor's Pick. Gross Domestic Product(ion) is (or has become) a measurement of activity and consumption, but not of capital accumulation and production. In many cases, GDP growth is negatively correlated to saving. Higher savings (aka austerity) leads to lower GDP growth today, but to higher GDP in the future. In its worst case, GDP growth...

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Heterodox Economic Theories and GDP

Heterodox economic theories focus on the human desires to spend, to save, to obtain credit in order to anticipate spending and future earnings, to increase or to reduce debt or even to deplete existing savings, on human behaviour. Those theories neither think that humans are rational nor that markets are efficient.

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The Misleading Concept Called GDP

GDP is (or has become) a measurement of activity and consumption but not of capital accumulation and production. In many cases, GDP is negatively correlated to savings. Higher savings (aka austerity) lead to lower GDP today, but higher GDP in the future. In its worst case, GDP growth could be completely based on credit, eliminating the capital basis of a country (example Greece). Western countries saw rising housing investments based on more...

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SECO expects 2.2% Swiss GDP growth in 2014 and 2.7% in 2015: Implications on the Swiss Franc



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GDP: Switzerland Enters Boom and.. incredibly.. SNB is Still Printing Money

According to the latest data from the SECO,Swiss GDP rose by 0.2% in Q4/2013. Despite the relatively weak headline, the detailed data showed a couple of characteristics that speak for an upcoming boom. At the same time, the Swiss National Bank is printing money again: both the monetary base and money supply are increasing.

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An Upcoming Italian Success Story?

Higher exports show that Italy's economy is trying to become a new German Companies seem to hide their competitiveness. A question remains: Will Italian companies really invest in Italy and create jobs?

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Swiss Q2 GDP Details Compared to Japan, Germany, Australia and U.S.

  The Swiss GDP for Q2/2013 was in line with its peers in developed countries. The quarterly (not annualized) change was +0.5% compared to 0.6% for Japan and the United States, +0.7% for Germany and +0.5% for Australia. Swiss and Japanese growth was driven more by consumption, while the U.S. advances were based more on …

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Q1 GDP: Japan +1.0%, AUS, Swiss +0.6%, US +0.45%, Germany +0.1%, Italy -0.5%

  Update June 26: The Swiss economy has grown more quickly than the United States in Q1 2013. Japan is in the lead of the global comparison with 1.0% quarterly growth, Australia and Switzerland follow with 0.6%, the US has 0.45% QoQ (or 1.8% annualized), Germany 0.1% and Italy slowed by -0.5%. Weakest currency, strongest … Continue...

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Swiss Economic Indicators, March 2013

  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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History of SNB monetary policy assessments vs. economic data

History of SNB monetary policy assessments vs. the Swiss gross national product (GDP) and gross national income (GNI).

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SNB Losses in October and November: 8.4 Billion Francs, 1.5% of GDP

According to the SNB balance sheet and the SNB data delivery to the IMF, the central bank lost 8.4 billion francs of equity in the months of October and November, the equivalent of 1.5% of Swiss GDP. Details SNBCHF.COM

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Swiss and German Economic Indicators, Update November 1

Euro Crisis Has Affected Germany, Switzerland Still Immune    Most Recent Events The Swiss SVME PMI has risen from 43.9 to 46.1. This PMI  is dominated by machinery, metallurgical and electric equipment exporters organized in the Swissmem organization. As opposed to the chemical industry, they were not innovative enough to adapt to the stronger franc; but …

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Euro Crisis Has Affected Germany, Switzerland Still Immune

Swiss and German Economic Indicators, October 2012   Both Swiss and German economic indicators show continued signs of stability, but the German situation has become worse and might affect the Swiss. Especially low unemployment, rising real wages and strong trade balances are signs of robustness. Despite that, Germany’s industrial production is weaker than last year, …

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IMF World Economic Outlook

Alexander Gloy is founder and president of Lighthouse Investment Management       The IMF’s (International Monetary Fund) “World Economic Outlook”, a slim 250-page piece, came out. Some excerpts: Substantial reductions in estimated output (GDP) growth for 2013 for all major countries:   Unemployment in the Euro-Area (“EA”) is now expected to rise above the level …

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