Tag Archive: newsletter

New 50 Swiss franc note wins international beauty contest

The new 50 franc note, launched last year, was voted the best new bank note in 2016 by the International Bank Note Society, a society founded in 1961. Nearly 120 new banknotes were released worldwide in 2016. The Swiss 50 only narrowly beat the Maldive...

Swiss wage index 2016: Nominal wage increase of 0.7 percent in 2016. Real wages rise by 1.1 percent.

The Swiss nominal wage index rose by +0.7% on average in 2016 compared with 2015. It settled at 100.7 points (base 2015 = 100). Given a negative average annual inflation rate of -0.4%, real wages registered an increase of +1.1% (101.1 points, base 2015...

Longevity and Income

Rich people live longer than poor people in the US. This disparity undermines the progressive nature of Social Security. Disparity of income seems more important than the slowdown in growth in explaining why few US people are doing better than their...

Emerging Markets: What has Changed

Moody’s moved the outlook on Vietnam’s B1 rating from stable to positive. Nigeria’s central bank introduced a new FX window for portfolio investors. Moody’s moved the outlook on Romania’s Baa3 rating from positive to stable. Central Bank of Russia...

‘Dollar’ ‘Improvement’

According to the headline TIC statistics, foreign central banks have in the past six months sold the fewest UST’s since the 6-month period ended November 2015. That may indicate an easing of “dollar” pressure in the private markets due to “reflation”...

Swiss Franc Exchange Rate Index

The Swiss National Bank has updated its exchange rate indices. In an SNB Economic Studies paper, Robert Müller describes how. The upshot is that the SNB considers the Swiss Franc slightly less overvalued than before.

US Jobs: Who Carries The Burden of Proof?

The idea that interest rates have nowhere to go but up is very much like saying the bond market has it all wrong. That is one reason why the rhetoric has been ratcheted that much higher of late, particularly since the Fed “raised rates” for a third...

100 Years Ago, Russian Stocks Had A Very Bad Day

Russia Equity Index to 1900
In recent months, Ray Dalio seems to be undergoing a deep midlife and identity crisis, which has not only led to dramatic recent management changes at the world's largest hedge fund, Bridgewater, but also resulted in some fairly spectacular cognitive...

The Colonization of Local-Business Main Street by Corporate America

This is what our mode of production optimizes: ugliness, debt-serfdom, and servitude to politically dominant corporations.

Dow 20K, US Debt $20 Trillion, Trump and Gold

By Jan Skoyles, Editor Mark O’Byrne In case you’ve been hiding under a rock, the Dow Jones Industrial Average reached 20,000 earlier this week for the first time in its 132 year history to much media fanfare. Bigcharts via Financial Sense Since...

FX Daily, January 17: Trump’s Comments Send the Dollar Reeling

The Pound has been subjected to a heavy amount of pressure as we progress further into 2017, with GBP/CHF rates being one of the heaviest losers. The pairing is now trading at a similar level to GBP/USD levels below the 1.22 mark. Their is an enjoyable...

How to Invest in the New World Order

In our latest Toward a New World Order, Part III we ended by promising to look closer at investment implications from the political and economic shift we currently find ourselves in; and that story must begin with the dollar.

Swiss to avoid EU clash as immigration bill passes final hurdle

After three years of uncertainty, Switzerland may just have solved its immigration dispute with the European Union. Lawmakers in Bern on Friday passed a bill designed to curb EU immigration by giving locals a head start on filling job vacancies. By...

Swiss rents drop, substantially in the Lake Geneva region

Rents have dropped across Switzerland, declining substantially in the Lake Geneva region, according the the property consulting firm Wüest Partner. According to the firm, Swiss rents in the second quarter of 2016 were 1.6% lower than the same quarter...

Buttonwood: Land of the falling yield

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Letters: On Mitt Romney, India, Switzerland, common law, "The Iron Lady", executive pay, theme parks, walking, the Olympics

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The Swiss National Bank: Damage control

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Business this week

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Swiss central bank chief quits: Exit Hildebrand

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Business this week

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