Tag Archive: Switzerland

Euro Saves Germany, Slaughters the PIGS, & Feeds the BLICS

2017-04-06

European Population vs. Total Europe Energy Consumption

The change in nations Core populations (25-54yr/olds) have driven economic activity for the later half of the 20th century, first upward and now downward. The Core is the working population, the family forming population, the child bearing population, the first home buying, and the credit happy primary consumer. Even a small increase (or contraction) in their quantity drives economic activity magnitudes beyond what the numbers would indicate.

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German and Swiss Precious Metals Refiners join forces as Heraeus acquires Argor-Heraeus

2017-04-04

by Ronan Manly

2017-04-04

Singapore Germany Silver Bullionstar Bar 1kg

German precious metals group Heraeus Precious Metals (HPM), part of the Heraeus industrial group, has just announced the full acquisition of Swiss precious metals refining group Argor-Heraeus. Heraeus is headquartered in Hanau, just outside Frankfurt. Argor-Heraeus is headquartered in Mendrisio in the Swiss Canton of Ticino, beside the Italian border.

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Credit Suisse Offices Raided In Multiple Tax Probes: Gold Bars, Paintings, Jewelry Seized

2017-04-01

by Tyler Durden

2017-04-01

Credit Suisse has confirmed that the Swiss bank, some of its employees and hundreds of account holders are the subjects of a major tax evasion probe launched in UK, France, Australia, Germany and the Netherlands, setting back Swiss attempts to clean up its image as a haven for tax evaders.

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The Market Has Its Head Buried Deep In The Sand

2017-03-30

by Sprott Money

2017-03-30

Several “black swans” are looming which could inflict a financial nuclear accident on the U.S. markets and financial system. I say “black swans” in quotes because a limited audience is aware of these issues – potentially catastrophic problems that are curiously ignored by the mainstream financial media and financial markets.

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Blocher and the People That Ruined the EU

2017-03-30

by Konstantin Richter

2017-03-30

Last weekend, European leaders gathered in Rome for the 60th anniversary of the Treaty of Rome. They discussed, not for the first time, how to get the EU back on track. And they told each other they are still committed to the Union and believe in its future. (We’ve heard that one before, too.)

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100 Years Ago, Russian Stocks Had A Very Bad Day

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 dissonance, as Dalio first praised, then slammed, president Trump.

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Don’t Confuse Immigration With Naturalization

2017-03-28

by Ryan McMaken

2017-03-28

As the immigration debate goes on, many commentators continue to sloppily ignore the difference between the concept of naturalization and the phenomenon of immigration. While the two are certainly related, they are also certainly not the same thing. Recognizing this distinction can help us to see the very real differences between naturalization, which is a matter of political privilege, and immigration, which simply results from the exercise of...

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Switzerland Unemployment in February 2017: Decreased from 3.7 percent to 3.6 percent, seasonally adjusted unchanged at 3.3 percent

2017-03-09

by SECO

2017-03-09

Switzerland Unemployment Rate Seasonally Adjusted, Feb 2017

Registered unemployment in February 2017 - According to the State Secretariat of Economic Affairs (SECO) surveys, 159'809 unemployed persons were registered at the Regional Employment Centers (RAV) at the end of February 2017, 4'657 less than in the previous month. The unemployment rate thus fell from 3.7% in January 2017 to 3.6% in the reporting month.

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Video: Interest Rate Differentials Increasing Financial Market Leverage To Unsustainable Levels

2017-02-25

by EconMatters

2017-02-25

We discuss the rate differentials between Switzerland, Britain, Europe, Japan and the United States and how this Developed Financial Markets carry trade is incentivizing excessive risk taking with tremendous leverage and destabilizing the entire financial system in the process in this video.

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Are Rate Hikes Bad For Gold?

2017-02-24

by Mike Shedlock

2017-02-24

Here are two different looks at Fed rate hikes since Volcker. The charts are the same, but one presentation is a lot funnier than the other. Let’s take the fist chart and see what correlations exist between rate hikes and the US dollar index.

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United States Economic Freedom Tumbles To Historic Low

2017-02-20

by Joseph Jankowski

2017-02-20

After eight years of the regulation-happy Obama administration, the United States has undergone a huge slide into the 17th most economically free country in the world, according to the Heritage Foundation’s 2017 Index of Economic Freedom.

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Martin Armstrong: “EU in Disintegration Mode”

2017-02-11

by Martin Armstrong

2017-02-11

Famous market forecaster Martin Armstrong wrote a recent article describing the current situation in Europe. Similar to our article, “Trouble Brewing in the EU”, the Armstrong's piece discusses growing discontent and fractures in the E.U. Martin Armstrong observes that,

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FX Traders Have To (Re)Learn A New Skill

2017-02-11

by Tyler Durden

2017-02-11

China Trade Balance with United States, April 2016-January 2017

Dear FX traders: forget the dot plot, and prepare to learn a new - or to some forgotten - skill: how to read trade flows. As Bloomberg's Vincent Cignarella and Andrea Wong point out, currency traders accustomed to analyzing the Fed’s dot plot and monthly U.S. jobs figures to predict the direction of the world's reserve currency are having to learn, or in some cases re-learn, a largely forgotten ability: how to scrutinize trade data. With...

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Destroying The “Wind & Solar Will Save Us” Delusion

2017-02-05

by Gail Tverberg

2017-02-05

Submitted by Gail Tverberg via Our Finite World blog, The “Wind and Solar Will Save Us” story is based on a long list of misunderstandings and apples to oranges comparisons. Somehow, people seem to believe that our economy of 7.5 billion people can get along with a very short list of energy supplies. This short … Continue reading »

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Switzerland: Chocolate, Watches, And Jihad

2017-02-04

by Judith Bergman

2017-02-04

Swiss authorities are currently investigating 480 suspected jihadists in the country. "Radical imams always preached in the An-Nur Mosque... Those responsible are fanatics. It is no coincidence that so many young people from Winterthur wanted to do jihad." — Saïda Keller-Messahli, president of Forum for a Progressive Islam.

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ECB Assets Rise Above 36 percent Of Eurozone GDP; Draghi Now Owns 10.2 percent Of European Corporate Bonds

2017-01-31

by Tyler Durden

2017-01-31

The ECB's nationalization of the European corporate bond sector continues. In the ECB's latest update, the six central banks acting on behalf of the Euro system provided an update on the list of corporate bonds they bought. They bought into 810 issuances with a total of €573bn in amount outstanding.

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Switzerland’s Gold Exports To China Surge To 158 Tons In December

2017-01-28

by Mark O'Byrne

2017-01-28

Silk Road Gold Demand, India Imports, Turkey Imports, Russian Reserves, China SGE Withdrawals

Switzerland's Gold Exports To China Surge To 158 Tonnes In December. Switzerland's gold bullion exports to China saw a huge jump in December, climbing to 158 tons versus a much lower 30.6 tons in November - a jump of 416%.

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Europe Proposes “Restrictions On Payments In Cash”

2017-01-27

by Tyler Durden

2017-01-27

Having discontinued its production of EUR500 banknotes, it appears Europe is charging towards the utopian dream of a cashless society. Just days after Davos' elites discussed why the world needs to "get rid of currency," the European Commission has introduced a proposal enforcing "restrictions on payments in cash.

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Policy Makers – Like Generals – Are Busy Fighting The Last War

2017-01-25

by Chris Hamilton

2017-01-25

The Maginot Line formed France's main line of defense on its German facing border from Belgium in the North to Switzerland in the South. It was constructed during the 1930s, with the trench-based warfare of World War One still firmly in the minds of the French generals. The Maginot Line was an absolute success...as the Germans never seriously attempted to attack it's interconnected series of underground fortresses. But the days of static warfare...

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The US Dollar Is Now Overvalued Against Almost Every Currency In The World

2017-01-24

by Simon Black

2017-01-24

In September 1986, The Economist weekly newspaper published its first-ever “Big Mac Index”. It was a light-hearted way for the paper to gauge whether foreign currencies are over- or under-valued by comparing the prices of Big Macs around the world. In theory, the price of a Big Mac in Rio de Janeiro should be the same as a Big Mac in Cairo or Toronto.

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