Tag Archive: negative interest rate

Negative Rates: Rise of the Japanese Androids

2018-04-17

One of the unspoken delights in life is the rich satisfaction that comes with bearing witness to the spectacular failure of an offensive and unjust system. This week served up a lavish plate of delicious appetizers with both a style and refinement that’s ordinarily reserved for a competitive speed eating contest. What a remarkable time to be alive.

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SNB’s Zurbrügg: No Negative Rates

2013-02-06

by George Dorgan

2013-02-06

Still in September, SNB's Zurbrügg was speaking of negative rates and deflationary risks in Switzerland. At that meeting we told him that deflationary risks were absurd given rising M1/M3, higher salaries and strongly rising home prices . Now he admits that

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ZKB may introduce negative interest rates for ordinary savers

2013-01-11

by George Dorgan

2013-01-11

After UBS and CS introduced negative interest rates for big clearing accounts, ZKB changes general conditions for a potential introduction of negative rates even for ordinary savers. Time to get in contact with Geneva cash storing warehouses? More about the ZKB move on

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How former central bankers stepped up against the central banks

Central Bankers against Central Bankers Banned Weber Stark Issing

There are already three former European central bankers who criticize more or less openly the European Central Bank (ECB).

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Rumors about tax on Swiss deposits for foreigners and further SNB measures: SNB begging for pips

2012-05-24

by George Dorgan

2012-05-24

Exactly when the US had a relatively good Markit Flash PMI, rumors are sent out that deposits in CHF for foreigners should be taxed. To send out this rumor together with good US data seems to be intentional. According to Banque CIC the SNB has declined to comment. We remember the last SNB meeting when similar rumors circulated.

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Former SNB chief economist: Capital controls are just empty words

2012-05-20

by George Dorgan

2012-05-20

A former SNB chief economist says that capital controls are impossible, just empty words. In case of a Euro break-up the Swissie must rise together with USD, GBP and JPY An article, surprisingly from the usually left-wing Tagesanzeiger, more or less closely translated with some additional remarks.

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EUR/CHF, A History, The Game Changes: April 2012

2012-04-30

by George Dorgan

2012-04-30

EUR/GBP: If You Want To Know Why Its Falling, Have A Look At The SNB Thanks Goose for the reminder that the SNB released figures on its FX reserves holdings and these showed a marked increase in GBP holdings. This has been a constant theme over the last few weeks/months, the SNB buys EUR/CHF in the marketplace … Continue reading »

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EUR/CHF, Market betting on Floor Hike, December 2011

2011-12-31

by George Dorgan

2011-12-31

Four Trades For 2012: #2 Sell The Swiss Franc I bought EUR/CHF shortly after the 1.20 peg was introduced and have held it ever since. My only regret has not been trading the range more aggressively. At this point everyone has an opinion of the SNB so I won’t try to convince the bears. Personally, … Continue reading »

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SNB: Lift EUR/CHF floor or not ?

2011-12-14

by George Dorgan

2011-12-14

Many participants in the FX markets seem to be sure that the SNB will lift the EUR/CHF flow to 1.25 Here the pros and the cons:

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EUR/CHF: A History of Interventions: August 2011: the Top

2011-08-31

by George Dorgan

2011-08-31

EUR/CHF Kicked Lower Again Hitting a new low this week of 1.1545 and is down over 300 pips on the day. The moved largely initiated by a major swiss name earlier apparently in conjunction with a hedge fund. Comments from the Swiss Econ Min over the last hour hardly helping matters, after the govt aid package … Continue reading »

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EUR/CHF: One Year of Free Market (07/2010-07/2011): July 2011

2011-07-31

by George Dorgan

2011-07-31

ForexLive Asian Market Open EUR/USD is trading around 1.4390 and USD/JPY is at 77.20 as the market awaits the latest developments out of Washington. Risk pairs like EUR/JPY and EUR/CHF are likely to be whippy this morning as the headlines hit the newswires. Good luck out there. By Sean Lee || July 31, 2011 at 20:49 … Continue reading »

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Capital controls: The poison cupboard of the SNB

2010-10-14

by George Dorgan

2010-10-14

The SNB has already tried a lot to weaken the franc. A (google) translation of a list of capital controls of the Never Mind the Markets blog. The fear of the economic effects Brake by an overvalued franc increases. Massive interventions by the Swiss National Bank (SNB) with € purchases are now ineffective fizzles. Does it …

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