Tag Archive: Swiss National Bank
Central Banks & Governments and their gold coin holdings
While this is true in some cases, it is not the fully story because many central banks and governments, such as the US, France, Italy, Switzerland, the UK and Venezuela, all hold an element of gold bullion coins as part of their official monetary gold reserves.
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FX Weekly Preview: Four Central Bank Meetings and More
A couple of weeks ago, the four
central banks that meet in the coming days were thought to be a big deal. Numerous Federal Reserve officials
were preparing the market for a summer hike. Risks of a new downturn in
Japan spurred spe...
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Swiss Reserves: Not what They Seem
This posts shows again the stupidity of the financial media, that mixes up assets and liabilities for central banks.
SNB FX reserves are assets. They are in different foreign currencies and subject to the valuation effect of these currencies.
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Nigeria Currency Devaluation Looms As FX Forwards Crash To Record Lows
Despite US equity investors' exuberance over bouncing crude oil prices, the world's crude producers continue to suffer and while Venezuela is in the headlines every day (having already collapsed into chaos), Nigeria appears the nearest to that abyss ...
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Three unintended consequences of NIRP
Central bankers use low or negative interest rates so that it leads to more investment. For them interest rates are a consequence of the currently very low inflation rates. Patrick Watson argues differently: Falling prices are a consequence of low interest rates.
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Apple Jumps After Berkshire Reveals 9.8 Million Share Stake
After three consecutive weeks of seemingly relentless bad news for Apple, moments ago the stock jumped by $2 dollars, rising from $90.5 to over $92.50. Some hope for the Swiss National Bank or will Berkshire shares sink together with Apple and the SNB?
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As Carl Icahn Was Selling Apple, This Central Bank Was Furiously Buying
We hope for the sake of Swiss residents that equity markets never suffer a dramatic drop. The SNB has “invested” 20% of Swiss GDP in stocks. When will the ivory tower economists ultimately lose control of the most manipulated, centrally-planned market in history?
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St. Louis Fed Slams Draghi, Kuroda – “Negative Rates Are Taxes In Sheep’s Clothing”
"At the end of the day, negative interest rates are taxes in sheep’s clothing. Few economists would ever claim that raising taxes on households will stimulate spending. So why would they think negative interest rates will?" Those are the shocking wor...
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Gold, Bonds and Negative Interest Rates Give SNB a Q1 profit
SNB Results Q1 2016: Two thirds of SNB profit comes from Gold. Deflation helps with higher bonds prices and profit on negative interest rates.
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With Tech Tanking, Can Anything Save The System?
Submitted by John Rubino via DollarCollapse.com,
First it was the banks reporting horrendous numbers — largely, we were told, because of their exposure to recently-cratered energy companies. Now it’s Big Tech, which is a much harder thing t...
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Wall Street and SNB In Pain: 163 Hedge Funds Are Long AAPL Stock
First it was the blow up of hedge fund darling Valeant that crushed countless funds who were long the name.
Then, one month ago after the collapse of the Allergan-Pfizer deal, we showed (one of the reasons) why the hedge fund world continued to unde...
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A Take On How Negative Interest Rates Hurt Banks That You Will Not See Anywhere Else
The Bank of Japan and the ECB are assisting me in teaching the world's savers, banking clients and corporations about the benefits of blockchain-based finance for the masses. How? Today, the Wall Street Journal published "Negative Rates: How One Swis...
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ZIRP, NIRP, QE, Bank Collapse and Helicopters Coming Too Late – The Lehman Effect Hits Europe – Hard!
It's official, I'm calling a banking crisis in Europe. Things didn't go well the last time I did this. Of course, many will say, "But the rating agencies have learned their collective lessons. They would most assuredely warn us if the European banks...
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History of Bank of Japan Interventions
We show the history of Japanese FX interventions. The Japanese only intervened when the USD/JPY was under 80. Therefore the 2016 FX intervention threads at 108 are ridiculous.
As opposed to the Swiss National Bank, the Japanese only talk, they do not fight.
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Big Players (Read: Governments) Make Markets Unsafe
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
Reportage in The Wall Street Journal on April 4th states that “A fund owned by China’s foreign-exchange regulator has been taking stakes in some of the co...
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The SNB and the Forex Rigging Irony
While Forex banks, traders, and other institutions are being blamed for market rigging, the Swiss National Bank can publish reports about its own market rigging, but instead of being a scandal, it's economic data. That's because the vast majority do...
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Swiss National Bank Admits It Spent $470 Billion On Currency Manipulation Since 2010
By now it is common knowledge that when it comes to massive, taxpayer-backed hedge funds, few are quite as big as the Swiss National Bank, whose roughly $100 billion in equity holdings have been extensively profiled on these pages, including its woef...
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How Venezuela Exported 12.5 Tonnes Of Gold To Switzerland On March 8
Submitted by Ronan Manly of Bullionstar Blogs
Following on from last month in which BullionStar’s Koos Jansen broke the news that Venezuela had sent almost 36 tonnes of its gold reserves to Switzerland at the beginning of the year, “Venezuela Exporte...
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Another Fed “Policy Error”? Dollar And Yields Tumble, Stocks Slide, Gold Jumps
Yesterday when summarizing the Fed's action we said that in its latest dovish announcement which has sent the USD to a five month low, the Fed clearly sided with China which desperately wants a weaker dollar to which it is pegged (reflected promptly ...
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