Tag Archive: newsletter

2019-10-22 – Swiss National Bank opens SNB Forum for interested expert audience

2019-10-22

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2019-10-22

Today, the Swiss National Bank is opening the SNB Forum on the ground floor of its premises at Fraumünsterstrasse 8 in Zurich. This has been created as part of the mult i-yearrenovation of this building, and is open to the public.

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Syngenta commits $2 billion to tackle climate change

2019-10-22

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2019-10-22

The Swiss-based agricultural firm has set aside $2 billion (around CHF1.97 billion) over five years to reduce emissions from agricultural practices. The company, which has come under fire for profiting from selling hazardous pesticides abroad, also announced on Tuesday that it will be reducing its carbon footprint by 50% by 2030.

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Swiss remain the richest in the world

2019-10-22

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2019-10-22

The Swiss have pulled away from the pack when it comes to assets per adult, remaining on average the wealthiest citizens in the world. In concrete terms, by mid-2019 assets per adult in Switzerland stood at $564,650 (CHF555,000), an increase of $17,790 over the previous year, according to the tenth Credit Suisse Global Wealth Report, published on Monday.

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The Dollar-driven Cage Match: Xi vs Li in China With Nowhere Else To Go

2019-10-22

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2019-10-22

China Industrial Production, 1998-2019
China’s growing troubles go way back long before trade wars ever showed up. It was Euro$ #2 that set this course in motion, and then Euro$ #3 which proved the country’s helplessness. It proved it not just to anyone willing to honestly evaluate the situation, it also established the danger to one key faction of Chinese officials.

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Prying Open the Overton Window

2019-10-22

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2019-10-22

Acceleration of Technological Adoption Curves, 1867-2017
If you're truly interested in finding solutions to humanity's pressing problems, then start helping us pry open the Overton Window. The Overton Window describes the spectrum of concepts, policies and approaches that can be publicly discussed without being ridiculed or marginalized as "too radical," "unworkable," "crazy," etc. 

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Wealth Accumulation Is Becoming Impossible, Report 20 Oct

2019-10-22

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2019-10-22

Gold and Silver Prices
We talk a lot about the falling interest rate, the too-low interest rate, the near-zero interest rate, the zero interest rate, and the negative interest rate. Hat Tip to Switzerland, where Credit Suisse is now going to pay depositors -0.85%. That is, if you lend your francs to this bank, they take some of them every year. Almost 1% of them.

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FX Daily, October 21: Dollar Soft, but Stage is being Set for Turn Around Tuesday

2019-10-21

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2019-10-21

Overview: The UK's departure from the EU remains up in the air as a new attempt to pass the necessary legislation through Parliament continues today. Many market participants seem to remain optimistic that Prime Minister Johnson's plan will ultimately succeed. After slipping to $1.2875 initially, sterling briefly pushed through $1.30, which had held it back last week.

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4. Ist der Zertifikate Emittent dein Gegner?

2019-10-21

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Es hält sich der Mythos, dass Emittenten von Zertifikate die Gegner der Anleger sind, doch stimmt das wirklich? Wie finanzieren sich Emittenten und worauf Sie als Anleger achten sollten. Das erklärt Zertifikate Experte Martin Goersch in diesem vierten Video der Knock-out Zertifikate Video Reihe. ? 100€ Neukundenprämie für Ihr Depot gibts hier: https://hubs.ly/H0k_f2r0 Baue jetzt Deine eigene Watchlist bei onvista: https://my.onvista.de/...

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Swiss railways see more demand for train trips abroad

2019-10-21

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2019-10-21

Travellers in Switzerland are increasingly taking to the rails for trips abroad, with the Swiss Federal Railways reporting a 10% increase in demand for international journeys and 25% more demand for trips by night train. According to a report in the NZZ am Sonntag newspaper, demand for night train journeys especially increased on stretches between Switzerland and the German cities of Berlin and Hamburg, while overall demand for international trips...

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FX Weekly Preview: The Week Ahead Excluding Brexit

2019-10-21

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2019-10-21

I feel a bit like the proverbial guy that asks, "Besides that, Mrs. Lincoln, how did you like the play?" in trying to discuss the week ahead without knowing the results of the UK Parliament's decision on the new deal negotiated between Prime Minister Johnson and the EU.   I will write a separate note about Brexit before the Asian open. However, there are several other developments next week that will help shape the investment climate.

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What We’ve Lost

2019-10-21

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2019-10-21

This is only a partial list of what we've lost to globalism, cheap credit and the Tyranny of Price which generates the Landfill Economy. A documentary on the decline of small farms and the rural economy in France highlights what we've lost in the decades-long rush to globalize and financialize everything on the planet-- what we call Neoliberalism, the ideology of turning everything into a global market controlled by The Tyranny of Price and cheap...

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EM Preview for the Week Ahead

2019-10-21

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2019-10-21

We are beginning to become more constructive on EM.  The main trigger for some optimism is the shifting US-China dynamic. In our view, the partial trade deal reveals weakness on the part of the US.  Reports suggest China will begin pushing for all existing tariffs to be dropped as part of Phase 2, which would be very positive for EM.  That is still likely months away but this shifting dynamic bears watching. 

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America’s Road Map to $40 Trillion National Debt by 2028

2019-10-21

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2019-10-21

Planning on Your Behalf. Watch out! At this very moment, professional economists of all stripes are making plans on your behalf. They are dreaming and scheming new and innovative ways to spend your money long before you have earned it. While you are busy at the gristmill, grinding away for clients and customers, claims are being laid upon your life.

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Technology winning battle against banknote forgers

2019-10-20

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2019-10-20

Swiss banknotes are far more resistant to counterfeiters than in previous years, dramatically reducing the number of fake copies, say federal police. By contrast, far more counterfeit coins were seized last year, probably as a result of better detection methods. In 2018, a record low of 1,200 fake banknotes were discovered by police.

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5G tests Switzerland’s limits on cybersecurity

2019-10-20

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2019-10-20

As more governments mull the risks of working with foreign vendors of 5G networks, eyes are on Switzerland as one of the technology’s early adopters. Will the Swiss take a heavier hand in restricting foreign providers like Huawei in the 5G supply chain or let the market decide? In a grim but not-so-far-fetched scenarioexternal link, a hacker attacks a 5G antenna, sending malicious signals to millions of connected devices.

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IMF Warning: ‘World’s Financial System Is More Stretched, Unstable and Dangerous Than It Was On the Eve of the Lehman Crisis’

2019-10-20

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2019-10-20

The International Monetary Fund (IMF) has again warned that the world’s financial system is more stretched, unstable and dangerous than it was on the eve of the Lehman crisis. Quantitative easing, zero percent interest rates and massive financial repression has pushed investors – and in the case of pension funds or life insurers, actually forced them – into taking on ever more risk.

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Raising Switzerland’s retirement age – big differences of opinion

2019-10-19

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2019-10-19

Switzerland’s government has long discussed the importance of raising the retirement age to ensure the financial viability of the pension system. However, it is not clear whether voters would support such a plan. According to a survey by Deloitte, an accounting and consulting company, raising the official retirement age might not find majority support among Swiss voters. Some groups are firmly against the idea.

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USD/CHF technical analysis: Greenback hits fresh October lows against the Swiss Franc

2019-10-19

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2019-10-19

USD/CHF daily chart
USD/CHF remains under heavy pressure after the London close. The level to beat for bears is the 0.9871 level. On the daily chart, USD/CHF is trading in a sideways trend, now challenging the 50 and 100-day simple moving averages (DSMAs) below the 0.9900 handle.  the near term. Resistances can be seen at the 0.9881

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Credit Suisse to charge wealthy clients negative interest rates

2019-10-19

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2019-10-19

Credit Suisse has joined the likes of UBS and Post Finance in charging rich clients to park their wealth in its vaults. It will pass on the cost of the central bank’s negative interest rates to both private individuals and corporate accounts above certain thresholds. From November 15, corporate clients will be charged -0.85% interest on cash holdings above CHF10 million ($10 million), Credit Suisse confirmed on Friday.

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Welcome to the USSR: the United States of Suppression and Repression

2019-10-19

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2019-10-19

workers share of national income, 1994-2020
We're all against "fake news," right? Until your content is deemed "fake news" in a "fake news" indictment without any evidence, trial or recourse. When propaganda is cleverly engineered, people don't even recognize it as propaganda: welcome to the USSR, the United States of Suppression and Repression. 

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