Tag Archive: newslettersent

Yellow Lights are Flashing

2016-09-16

Bonds are not rallying despite poor US data. Greater chance that Trump gets elected than the Fed hikes next week. Berlin may be more important than Bratislava.

Read More »

How About Presenting the Facts and Letting Voters Decide Who’s “Fit to Serve”?

2016-09-16

by Charles Hugh Smith

2016-09-16

This simple two-step process would greatly diminish the Ministry of Propaganda's influence. Here's a radical idea: how about presenting the facts and letting voters decide who is "fit to serve"? Consider the context of this presidential election and the judgment call as to who is "fit to serve":

Read More »

Crimea: Digging For The Truth

2016-09-16

by Claudio Grass

2016-09-16

This summer witnessed a renewed escalation between Russia and Ukraine after Russian President Vladimir Putin accused Ukraine of sending saboteurs to attack Russian troops, targeting “critical infrastructure”. Kiev denied the allegations and claimed Russia’s “fantasy” was nothing but a false pretense to launch a “new invasion”.

Read More »

Swiss stocks drop on volatility spike

2016-09-16

by Investec

2016-09-16

The Swiss Market Index is set to finish the week notably weaker along with global equity markets as fears around global monetary policy hit sentiment ahead of key meetings by the Bank of Japan and US Federal Reserve next week. The SMI did manage to outperform its European peers thanks to its heavy weighting towards more defensive pharmaceuticals and consumer staples sectors.

Read More »

SNB Monetary policy assessment September 2016 and Comments

2016-09-15

by SNB

2016-09-15

The SNB inflation forecast showed a strange diversion of conditional inflation forecasts: Draghi expected inflation to rebound to 1.2% next year and 1.6% in 2018. The SNB, however, predicts 2017 inflation at 0.2% and 2018 at 0.6%. For us, one of the two is wrong.

Read More »

FX Daily, September 15: Early Update: Full Calendar but Little News

2016-09-15

by Marc Chandler

2016-09-15

Looking at the diary, today is the most important day of the week. The Bank of England and the Swiss National Bank meet. The UK reports retail sales. EMU reports CPI figures. The US reports retail sales, industrial output, and two September Fed surveys. Yet the economic updates are unlikely change sentiment ahead of next week FOMC and BOJ meetings.

Read More »

Follow the Money

2016-09-15

by Bill Bonner

2016-09-15

PARIS – It’s back to Europe. Back to school. Back to work. Let’s begin by bringing new readers into the discussion… and by reminding old readers (and ourselves) where we stand. US economic growth: average annual GDP growth over time spans ranging from 120 to 10 years (left hand side) and the 20 year moving average of annual GDP growth since 1967

Read More »

The Mainstream Media Bet the Farm on Hillary–and Lost

2016-09-15

by Charles Hugh Smith

2016-09-15

The MSM has forsaken its duty in a democracy and is a disgrace to investigative, unbiased journalism. The mainstream media bet the farm on Hillary Clinton, confident that their dismissal of every skeptical inquiry as a "conspiracy" would guarantee her victory. It now appears they have lost their bet.

Read More »

Cash Bans and the Next Crisis

2016-09-15

by Bill Bonner

2016-09-15

Money sometimes goes “full politics”. Take poor Kenneth Rogoff at Harvard. He wants a dollar with a voter registration card, a U.S. flag on its windshield, and a handgun in its belt – the kind of money that supports the Establishment and votes for Hillary.

Read More »

FX Daily, September 14: Precarious Stabilization

2016-09-14

by Marc Chandler

2016-09-14

Swiss ZEW expectations came in better than expected. The value was +2.7 instead of expected negative value. The US dollar advanced yesterday and is in narrow ranges with a mostly softer bias today. The exception is the Japanese yen. Japanese press have reported that more negative rates are under consideration may have contributed to the weakness of the yen.

Read More »

Richemont, Hermes slump as gloom deepens for luxury-goods makers

2016-09-14

by Investec

2016-09-14

The crisis in the global luxury-goods industry deepened after Hermes International SCA abandoned a long-standing forecast and Richemont predicted a profit plunge that Chairman Johann Rupert deemed unacceptable.

Read More »

Great Graphic: Net Mexican Migration to the US–Not What You Might Think

2016-09-14

by Marc Chandler

2016-09-14

Net migration of Mexicans into the US has fallen for a decade. The surge in Mexican migration into the US followed on the heels of NAFTA. Although Trump has bounced in the polls, and some see this as negative for the peso, rising US interest rates and the slide in oil price are more important drivers.

Read More »

Rogoff Warns “Cash Is Not Forever, It’s A Curse”

2016-09-14

by Christoph Gisiger

2016-09-14

Kenneth Rogoff, Professor of Public Policy at Harvard University, postulates to get rid of cash. In his opinion, killing big bills would hamper organized crime and make negative interest more effective. Kenneth Rogoff makes a provocative proposal. One of the most influential economists on the planet, he wants to phase out cash.

Read More »

Seven years of inaction on SNB rates day won’t end this week

2016-09-14

by Investec

2016-09-14

Anyone feeling let down that the European Central Bank didn’t do much last week might just want to skip the Swiss rate decision on Thursday to avoid more disappointment. While the Swiss National Bank may be infamous for some seismic policy changes in the last few years, those bombshells weren’t dropped at scheduled meetings. In fact, the last time the institution altered interest rates at a decision in its public calendar was more than seven years...

Read More »

Thoughts on the Price Action

2016-09-14

by Marc Chandler

2016-09-14

Global interest rates are rising. Something important is happening. It appears to be dollar positive.

Read More »

Strong Swiss growth lessens chance SNB will act

2016-09-13

by Nadia Gharbi

2016-09-13

Swiss real GDP growth data surprised on the upside in Q2, expanding by 0.6% q-o-q (and 2.5% q-o-q annualised). In addition, growth in the three previous quarters was revised significantly higher. As a result, our GDP growth forecast for growth in Switzerland rises mechanically from 0.9% to 1.5% for 2016.

Read More »

FX Daily, September 13: Much Noise, Weak Signal

2016-09-13

by Marc Chandler

2016-09-13

The last ECB meeting and Dragh's hawkish comments is for us the main reason of the euro strength, this despite stronger Swiss GDP growth.

Read More »

It’s Time to Bring Back Bernie

2016-09-13

by Charles Hugh Smith

2016-09-13

This tells you everything you need to know about how Hillary will operate as President: there will be no honesty, transparency or truth, ever. Hillary's bid for the presidency is no longer defensible; it's time to bring back Bernie Sanders as the Democratic nominee.

Read More »

Swiss Producer and Import Price Index, August 2016: -0.3 percent MoM, -0.4 percent YoY

2016-09-13

by Swiss Statistics

2016-09-13

Switzerland Producer Price Index (PPI) YoY

The Producer and Import Price Index fell in August 2016 by 0.3% compared with the previous month, reaching 99.5 points (base December 2015 = 100). This decline is due in particular to lower prices for petroleum products and pharmaceutical products. Compared with August 2015, the price level of the whole range of domestic and imported products fell by 0.4%.

Read More »

Attack The Fed’s War On Savers, Workers And The Unborn (Taxpayers)

2016-09-13

by David Stockman

2016-09-13

The central banks have gone so far off the deep-end with financial price manipulation that it is only a matter of time before some astute politician comes after them with all barrels blasting. As a matter of fact, that appears to be exactly what Donald Trump unloaded on bubble vision this morning:

Read More »