SNB & CHF

Swiss Franc The Euro has fallen by 0.01% to 1.1541 CHF. EUR/CHF and USD/CHF, September 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates After much anticipation, the FOMC decision day is here. Much of the focus is on the likely decision that the Fed will allow its balance sheet to shrink gradually. No other country who employed quantitative easing has is in a position to...

Swiss hotel websites should be allowed to undercut prices offered by online booking platforms according to parliament (Keystone) A majority of parliament wants to restrict online reservation platforms in a bid to protect the Swiss hotel sector. The House of Representatives on Monday overwhelmingly approved a proposal and followed the Senate demanding that Swiss hotels will be allowed to offer lower prices for their...

This is the begging-for-the-overthrow-of-a-corrupt-status-quo economy we have thanks to the Federal Reserve giving the J.P. Morgans and Jamie Dimons of the world the means to skim and scam the bottom 95%. Dear Jamie Dimon: quick quiz: which words/phrases are associated with you and your employer, J.P. Morgan? Looting, pillage, rapacious, exploitive, only saved from collapse by massive intervention by the Federal...

No-one Cares… “No one really cares about the U.S. federal debt,” remarked a colleague and Economic Prism reader earlier in the week. “You keep writing about it as if anyone gives a lick.” We could tell he was just warming up. So, we settled back into our chair and made ourselves comfortable. “The voters certainly don’t care about the federal debt,” he continued. “They keep electing the same spendthrifts to office. And...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Back to the Happy Place Amid a Falling Dollar The prices of the metals dropped this week, $24 and $0.38. This could be because the asset markets have returned to their happy, happy place where every day the stock market ticks up relentlessly. Sometimes, happiness is fleeting… - Click to enlarge Dollar Bid Price The...

Big Swiss banks should make it easier for Swiss people living abroad to maintain a bank account, finds the Senate. Senators voted 23 to 14 on Tuesday in favour of a motion to make the five largest Swiss banks provide accounts under reasonable conditions. Six senators abstained from the vote, which came during the autumn parliamentary session in Bern. Currently, Swiss nationals living abroad are subject to stricter...

Swiss Franc The Euro has risen by 0.36% to 1.153 CHF. EUR/CHF and USD/CHF, September 19(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Politics seems to dominate the talking points today. Boris Johnson’s weekend op-ed has been rejected by May, and there is talk that Johnson may resign or fired. Sterling is consolidating after pulling back yesterday. Carney said that if the...

– Global debt bubble may be understated by $13 trillion: BIS – ‘Central banks central bank’ warns enormous liabilities have accrued in FX swaps, currency swaps & ‘forwards’ – Risk of new liquidity crunch and global debt crisis – “The debt remains obscured from view…” warn BIS Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used...

– Global debt bubble may be understated by $13 trillion: BIS – ‘Central banks central bank’ warns enormous liabilities have accrued in FX swaps, currency swaps & ‘forwards’ – Risk of new liquidity crunch and global debt crisis – “The debt remains obscured from view…” warn BIS Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used...

Accurately measuring the scope of global wealth inequality is a notoriously difficult undertaking – a fact that was brought to light last year when the International Consortium of Investigative Journalists published the Panama Papers, exposing clients of Panamanian law firm Mossack Fonseca. As the papers revealed, Mossack Fonseca, which is only the world’s fourth-largest provider of offshore financial services, boasted...