Weekly SNB Sight Deposits and Speculative Positions: SNB selling euros and dollars
2021-04-12
Update April 12 2021: SNB selling euros and dollars. Sight Deposits have fallen: The change is -0.5 bn. compared to last week, this means the SNB is selling euros and dollars.
Vaccine and Split Government
2020-11-11
The interplay of a vaccine-driven reflation rally and the (likely) split government in the US are emerging as the driving themes for markets in the months ahead. We think reflation will win out in the end, but it could manifest itself differently this time around.
Switzerland Unemployment in October 2020: remained at 3.2percent, seasonally adjusted fallen to 3.3percent
2020-11-09
Registered unemployment in October 2020 – According to surveys by the State Secretariat for Economic Affairs (SECO), 149,118 unemployed people were registered with the regional employment centers (RAV) at the end of October 2020, 558 more than in the previous month. The unemployment rate remained at 3.2% in the month under review. Compared to the same month last year, unemployment increased by 47,434 people (+ 46.6%).
Dollar Soft as Risk On Sentiment Dominates Ahead of FOMC Decision
2020-11-08
Dollar weakness has resumed as risk on sentiment dominates; the US election outcome is starting to take shape. Senate Majority Leader McConnell said passing a stimulus bill is a top priority during the lame duck session; the two day FOMC meeting concludes today with a likely dovish hold; weekly jobless claims will be reported.
Shareholders call for new priorities for manager salaries
2020-11-07
Shareholders in Switzerland want a rethink on how managers are paid and demand that priorities regarding corporate governance, sustainability and corporate social responsibility (CSR) be redefined, a survey has found.
What We Don’t Elect Matters Most: Central Banking and the Permanent Government
2020-11-05
We’re Number One in wealth, income and power inequality, yea for the Fed and the Empire! If we avert our eyes from the electoral battle on the blood-soaked sand of the Coliseum and look behind the screen, we find the powers that matter are not elected: our owned by a few big banks Federal Reserve, run by a handful of technocrats, and the immense National Security State, a.k.a. the Permanent Government.
Socialists Have Never Shown How They Could Increase the Standard of Living
2020-11-04
Marxism sees the coming of socialism as an inescapable necessity. Even if one were willing to grant the correctness of this opinion, one still would by no means be bound to embrace socialism. It may be that despite everything we cannot escape socialism, yet whoever considers it an evil must not wish it onward for that reason and seek to hasten its arrival; on the contrary, he would have the moral duty to do everything to postpone it as long as possible.
Coronavirus: 21,926 cases in Switzerland over 72 hours
2020-11-03
On 2 November 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 21,926 new cases of SARS-CoV-2 infection over 72 hours, bringing the total to 176,177.