SNB & CHF

Click here for the full transcript: http://financialrepressionauthority.com/2018/10/26/the-roundtable-insight-charles-hugh-smith-on-why-many-millennials-are-promoting-socialism/ Disclaimer: The views or opinions expressed in this blog post may or may not be representative of the views or opinions of the Financial Repression Authority.

The percentage of Switzerland’s workers working for themselves has been slowly declining. In 2010, 13.7% of workers were self-employed. By 2017, the figure was 12.8% – self-employed includes those working as independents and those working for companies they own. Swiss (14.5%) are far more likely to be self-employed than foreigners (7.9%). This is partly explained by the low number of foreign farmers – farming is the...

[embedded content] Economic thoughts and analysis from Alhambra Investments CEO Joe Calhoun. Related posts: Monthly Macro Monitor – October 2018 Special Edition: Markets Under Pressure (VIDEO) Monthly Macro Monitor – September 2018 Monthly Macro Monitor – September Monthly Macro Monitor – August Monthly Macro Monitor – August 2018 Global Asset...

Neuchâtel, 25 October 2018 (FSO) – After a moderate 2015, economic growth increased slightly in most Swiss cantons in 2016. The most pronounced growth in the gross domestic product (GDP) was seen in the cantons of Vaud (+7.4%) and Schaffhausen (+4.2%). These results are taken from initial estimates of the Federal Statistical Office (FSO). Download press release: Contrasting growth in cantonal GDP in 2016 German Text:...

According to the annual wealth report produced by Credit Suisse, Switzerland leads on wealth per adult with US$ 530,240, comfortably ahead of second-placed Australia where the figure is US$ 411,060. The US is third with US$ 403,060. © Sam74100 | Dreamstime.com - Click to enlarge During the twelve months to mid-2018, aggregate global wealth rose by US$ 14.0 trillion to US$ 317 trillion, a growth rate of 4.6%. Wealth per...

Many attribute the saying “a rising tide lifts all boats” to President John Kennedy. He may have been the man who brought it into the mainstream but as his former speechwriter Ted Sorenson long ago admitted it didn’t originate from his or the President’s imagination. Instead, according to Sorenson, it was a phrase borrowed from the New England Chamber of Commerce or some such. Before implying the benefits of broad...

  Smug Central Planners Looking back at the past decade, it would be easy to conclude that central planners have good reason to be smug. After all, the Earth is still turning. The “GFC” did not sink us, instead we were promptly gifted the biggest bubble of all time –  in everything, to boot. We like to refer to it as the GBEB (“Great Bernanke Echo Bubble”) in order to make sure its chief architect is not forgotten....

Swiss Franc The Euro has risen by 0.21% at 1.139 EUR/CHF and USD/CHF, October 25(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates FX: The Dollar Index broke above 96.00 yesterday and is consolidating today. Provided the 96.00 area holds, the next target is the year’s high near 97.00. The euro has been confined to a little more than a quarter of a cent. Players seem...

The historically hot and dry summer and autumn weather is having a dramatic impact on water levels - such as of the Rhine Falls. The historically hot and dry summer and autumn weather is having a dramatic impact on the water levels of Swiss rivers and lakes, and natural landmarks such as the Rhine Falls. The glorious summer weather has attracted many visitors to the Rhine Falls waterfall near Schaffhausen in northeast Switzerland. Owing to the low level of the river, tourist boats can get...

Many demands for tax payments were not sent out (Keystone) The Federal Tax Administration’s IT project Insieme was a financial disaster and its replacement isn’t much better, according to the Swiss Federal Audit Office (SFAO). Systems are unreliable and underperforming, with billions in tax demands still outstanding. The old application for direct federal tax, withholding tax and stamp duty was replaced in October 2017...