SNB & CHF

Click here for the full transcript: http://financialrepressionauthority.com/2019/05/23/the-roundtable-insight-charles-hugh-smith-on-the-u-s-china-trade-war/

Click here for the full transcript: http://financialrepressionauthority.com/2019/05/23/the-roundtable-insight-charles-hugh-smith-on-the-u-s-china-trade-war/

Swiss Franc The Euro has fallen by 0.43% at 1.121 EUR/CHF and USD/CHF, May 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The deterioration of the investment climate is spurring the sales of stocks and the buying of bonds. The dollar is firm. China and the US appear to be digging as if the trade tensions will remain for some time and the breech is beginning...

While our forecasts remain unchanged for now, external drags on growth prospects for the euro area look set to persist for longer than we had previously expected. A potential improvement in euro area growth in H2 2019 on the back of a revival in the global economy is in jeopardy due to the intensifying trade dispute between the US and China. The euro area is not directly affected, but its indirect exposure to this...

By far, the biggest problem in Economics is that it has no sense of itself. There are no self-correction mechanisms embedded within the discipline to make it disciplined. Without having any objective goals from which to measure, the goal is itself. Nobel Prize winning economist Ronald Coase talked about this deficiency in his Nobel Lecture: This neglect of other aspects of the system has been made easier by another...

UBS already implements a zero interest policy for savings accounts with over half a million Swiss francs. (© Keystone / Gaetan Bally) As of June 1, Switzerland’s largest bank will stop paying interest on adult savings accounts. Funds deposited in UBS savings accounts currently earn a rate of 0.01%, just like at Credit Suisse, the other major Swiss bank. Almost all other Swiss banks pay a small interest on saving...

Japan’s latest GDP report reveals some notable weakness in the economy despite the strong headline figures. The preliminary reading of Japanese GDP for Q1 shows that the economy grew by 2.1% q-o-q annualised, beating the consensus forecast of -0.2%. However, behind the strong headline figures, details of the GDP report reveal some broad-based weakening in momentum. Declining corporate capex and sluggish household...

Keith Weiner, PhD, CEO & Founder of Monetary Metals, believes interest rates must go lower to keep interest expense under control and result in a deflationary credit implosion.

Keith Weiner, PhD, CEO & Founder of Monetary Metals, believes interest rates must go lower to keep interest expense under control and result in a deflationary credit implosion.

Swiss Franc The Euro has fallen by 0.24% at 1.1253 EUR/CHF and USD/CHF, May 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview:  There is a nervous calm in the capital markets. Yesterday’s rally in US shares failed to excite global investors. China, Hong Kong, and Taiwan markets fell, while Japan was mixed. Foreign investors continued to sell Korean shares, but the...