Tag Archive: M3

SIBOR Forex Banking Fraud – another FX rate rigging scandal

2016-07-06

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2016-07-06

Forex has been the big banks secret gold mine, supporting their other losing operations (like normal banking business, lending, etc.). To a large extent this has been unraveling, and this SIBOR lawsuit is another attack on their risk free profit center (FX). Read the entire lawsuit released by Elite E Services here in full.

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2014: Swiss Credit Bubble Popping? No, Lending to the Swiss Private Sector is even Accelerating!

swiss lending
Despite macro-prudential measures like the countercyclical capital buffer, Swiss credit to the private sector is rising more quickly than previously. On the other side, real estate prices are not increasing so rapidly any more. Global risks let M3 money supply growth slow in June 2014.

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Excessive Money Supply: Switzerland Could Follow in Spain’s and Ireland’s Footsteps

swiss m3 and lending growth 1995 2013
In the Euro zone bank lending is contracting, M3 is rising very slowly. As opposed to that, Swiss bank lending is currently rising by 4.4% per year, M3 is increasing by 10% per year.

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SNB Sight Deposits Fall by 1.2 Billion CHF, Weeks ending February 1 and 8

2013-02-11

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2013-02-11

SMI vs DAX January 2013
The latest improvement in U.S. unemployment and good PMIs, finally let the sight deposits (money supply) at the SNB fall by 800 million francs in week ending on February 1 and 400 million for the one of Feb 8 . See the recent history of sight deposits.

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SNB Sight Deposits Rise by 100 Million CHF, Week January28

2013-01-28

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2013-01-28

SMI vs DAX January 2013
While FX traders and some hedge funds are long EUR/CHF and some short covering happened, sight deposits show a different picture. They rise again, this time with 100 million francs (see details) in one week. Risk-off investors are not convinced yet that the euro crisis is finished, while other investors keep profit of the rising SMI...

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SNB Sight Deposits Rise by 2 Bln. Francs, M3 by 10 Bln., Week January 21

2013-01-21

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2013-01-21

swiss m1 vs. gdp and credit 2008-2012
While FX traders and some hedge funds go long the EUR/CHF, sight deposits at the SNB rise by 2 bln. francs (see details) in one week, M3 by nearly 10 bln. (nearly 2%) francs in one single month (see

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Definitions of money supply in the context of the SNB

Monetary Aggregates according SNB M0 M1 M2 M3


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