Tag Archive: newslettersent

Is the Deep State at War–With Itself?

2016-12-18

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2016-12-18

Deep State Network
The recent pronouncement by the C.I.A. that Russian hackers intervened in the U.S. presidential election doesn't pass the sniff test--on multiple levels. Let's consider the story on the most basic levels.

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“This Is Total Chaos” – Venezuela Shuts Colombia Border To Stop “Mafia” Currency Smuggling

2016-12-18

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2016-12-18

Banknotes
As if things were not already chaotic enough in the socialist utopia of Venezuela, following President Nicolas Maduro's decision to follow Indian PM Modi's playbook and announce that the nation's largest denomination bill (100-Bolivars - worth around 3c) will be pulled from circulation in 72 hours, he has tonight closed the border to Colombia to crackdown on currency smuggling by so-called "mafias".

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The Exiling of Risk

2016-12-17

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2016-12-17

NAAIM Exposure Index, SPX
A Quick Chart Overview Below is an overview of charts we picked to illustrate the current market situation. The selection is a bit random, but not entirely so. The first set of charts concerns positioning and sentiment. As one would expect, these look fairly stretched at the moment, but there are always ways in which they could become even more stretched. First a look at the NAAIM exposure index.

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Swiss pay doesn’t always match company success, Ethos says

2016-12-17

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2016-12-17

carrot
Switzerland continues to see a disconnect between executive pay and company performance three years after voters passed some of the world’s strictest limits on compensation, according to a study by corporate governance group Ethos.

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Rising Trade Tensions

2016-12-17

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2016-12-17

Trade
Obama Administration has taken a hardline against China's trade practices. Other countries are also resisting China's arguments that it is a market economy. Last week, US imposed anti-dumping duties on imported washing machines from China.

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Why the Democrats Can’t Let Go of Losing

2016-12-17

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2016-12-17

Democratic party
The Democratic Party has become everything it once was against. The Democratic Party has become everything that it once loathed: elitist, globalist, interventionist, self-serving, warmongering and overflowing with hubris.

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Emerging Markets: What has Changed?

2016-12-16

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2016-12-16

World Map
China will raise the sales tax on small cars to 7.5% in 2017. New methodology used by Turkstat to measure Turkish GDP has led to significant upward revisions. Turkish authorities are growing more concerned about the weak lira. Fitch moved the outlook on Chile. Chile’s central bank shifted to an expansionary policy bias. Colombia selected Juan Jose Echavarria to be the new central bank governor. Fitch revised the outlook on Mexico’s BBB+ rating from...

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December rally continues this week for SMI

2016-12-16

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2016-12-16

SMI vs. MSCI World Week, December 16
2016’s December rally continued this week as Swiss and European equities outperformed global stocks. The US dollar continued to surge after the Federal Reserve increased interest rates for only the second time in a decade on Wednesday.

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FX Daily, December 16: Markets Turn Quiet Ahead of the Weekend, Dollar Consolidates Gains

2016-12-16

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2016-12-16

FX Performance, December 16 2016 Movers and Shakers
Some mild position squaring pressures are evident ahead of the weekend, and for many market participants the year is coming to an end. Outside of the BOJ meeting next week, the calendar turns light and markets are moving into holiday mode. The Dollar Index is seeing this week's gains trimmed, but it is up nearly 1.4% this week. Although the election has seen the dollar's gains accelerate, the current leg up began in early October. The Dollar...

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Fed Hikes, Sees Three More in 2017–A Year Ago it Saw Four in 2016

2016-12-16

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2016-12-16

pulling
Biggest change is that Fed sees three instead of two hikes next year. Minor tweaks in the forecasts. Fiscal policy could raise the long-run growth potential, which would be a net good but not needed to reach full employment.

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Swiss fact: Switzerland is one of the world’s top 5 coffee exporters

2016-12-16

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2016-12-16

Swiss Coffee Exports
According to UN trade statistics, the small Alpine nation exported US$ 2.4 billion1 of coffee in 2013. This figure is far higher than its cheese (US$ 615 million2) or chocolate (US$ 822 million3) exports, two far more famous Swiss exports.

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Recovering America’s History of Progressive Populism

2016-12-16

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2016-12-16

Populism
The elites' toadies, lackeys, shills, sycophants, water-carriers and apologists are desperately hyping the context-free, historically ignorant narrative that "populism leads to autocracy" to protect the existing autocracy of the elites.

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SNB Monetary policy assessment December 2016 and Comments

2016-12-15

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2016-12-15

Conditional Inflation Forecast
The Swiss National Bank (SNB) is maintaining its expansionary monetary policy. Interest on sight deposits at the SNB is to remain at–0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. At the same time, the SNB will remain active in the foreign exchange market as necessary, while taking the overall currency situation into consideration.

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FX Daily, December 15: Greenback Extends Gains on Back of Fed

2016-12-15

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2016-12-15

FX Performance, December 15 2016 Movers and Shakers
Sterling has made steady gains against the CHF over the past month and although the spike has levelled this week, the Pound has certainly gained a foothold. Yesterday’s decision by the US Federal Reserve to raise their base rate from 0.25% to 0.5% did little to shift the value of GBP/CHF but with investors still digesting the outcome, we may yet find it still has an effect.

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Cool Video: Big Picture Dollar Outlook

2016-12-15

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2016-12-15

I had the privilege of joining Scarlet Fu and Joe Wisenthal on the set of What'd You Miss on Bloomberg TV yesterday afternoon. It was within a couple of hours of the second Fed rate hike in a decade. The dollar rallied.

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WTI Crude tumbles To $49 Handle, Erases OPEC/NOPEC Deal Gains

2016-12-15

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2016-12-15

WTI Crude
But, but, but... growth, and inflation, and supply cuts, and growth again... Well that de-escalated quickly... As Libya restarts exports and The Fed sends the dollar soaring so WTI crude prices just broke back to a $49 handle for the first time since Dec 8th.

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The Seasonal Trends of Precious Metals

2016-12-15

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2016-12-15

Platinum Crystal
Long Term Seasonal Price Trends Prices in financial and commodity markets are exhibiting seasonal trends. This applies to the precious metals gold, silver, platinum and palladium as well. The chart below depicts the seasonal trends of the gold price over a time period of 45 years.

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FX Daily, December 14: Markets Quietly Edge into FOMC Meeting

2016-12-14

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2016-12-14

FX Performance, December 14 2016 Movers and Shakers
The Pound is entering mid-December in the same fashion it begun the month after having a very strong November as well. After being buoyed by Donald Trump’s victory and the High Courts ruling that parliamentary approval is needed before invoking Article 50, the Pound has been boosted further after economic data has also impressed, with yesterday being a good example of this.

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Friction and Gravity

2016-12-14

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2016-12-14

Gold and Silver Prices
Keith Weiner's weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

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Swiss banks probed at home over Brazil’s ‘Carwash’ bribe scandal

2016-12-14

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2016-12-14

Swiss frank
The Switzerland attorney general’s office is shifting its focus to banks operating in the country as it continues to investigate Brazil’s bribery scandal, after plea deals with individual executives provided fresh insights into how the illicit funds flowed through the financial system.

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