SNB & CHF

Swiss Franc The Euro has risen by 0.01% to 1.0883 CHF. EUR/CHF - Euro Swiss Franc, June 01(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is mostly firmer against the major currencies.  It is consolidating yesterday’s losses more than staging much of a recovery.  Even sterling, where a YouGov poll has the Tory lead at three percentage points, down from seven previously, is above yesterday’s...

Companies have been spending money thinking of ways to cope with the strong franc - Click to enlarge Swiss companies invested record volumes in research and development (R&D) in 2015, despite the franc exploding in value at the start of that year. The private sector was responsible for most of the CHF22 billion ($22.6 billion) R&D spending in 2015, according to official figures released on Monday. This was an...

Do you think silver is poised to go higher? I sure do. That’s because I’m watching what is going on in the world’s silver ETFs. I’m also watching the mountain of forces that are piling up to push the metal higher. Look at this chart. It shows all the metal held by the world’s physical silver ETFs (black line). And all the metal held by the world’s physical gold ETFs (blue line) … Gold And Silver Prices, May 2016 - May...

The Consumer Price Index (CPI) measure of inflation is bogus on a number of fronts, a reality I’ve covered a number of times: though the heavily gamed official CPI is under 2% for the past four years, the real rate is 7% to 12%, depending on whether you happen to live in locales with soaring rents/housing and healthcare costs. The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016) Revealing the...

The Used Goods Question Retail sales in several countries like Germany, Japan and Switzerland continue to fall or they remain steady for years. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so...

Switzerland’s real gross domestic product (GDP) grew by 0.3 % in the first quarter of 2017*. Private consumption growth expanded only slightly, while government consumption rose moderately. Following the previous quarter’s fall, investment in construction and equipment increased. The trade balance contributed notably to overall GDP growth. On the production side, growth was largely driven by manufacturing, while service...

Swiss Franc The euro is lower at 1.0885 (-0.18%). EUR/CHF - Euro Swiss Franc, May 31(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Corbyn gains on the Tories. Theresa May calling a snap general selection seemed to be a wise move while the opposition was so weak. With a Tory victory seeming almost inevitable at that point Sterling strengthened against the majority of major currencies. This is due to a...

Summary: No impact from the latest North Korean missile test. Polls suggest Tories still ahead for the June 8 election. Prospects of an Italian election this year weighed on Italian stocks and bonds. The markets of the world’s two largest economies, the US and China were closed on Monday, May 29.    As one would expect, capital markets were mostly quiet. Even the launch of another ballistic missile test by...

Labors with No Fruits It’s been a long row to hoe for most workers during the first 17 years of the new millennium.  The soil’s been hard and rocky.  The rewards for one’s toils have been bleak. For many, laboriously dragging a push plow’s dull blade across the land has hardly scratched enough of a rut in the ground to plant a pitiful row of string beans.  What’s more, any bean sprouts that broke through the stony...

What do we call a status quo in which “emergency measures” have become permanent props? A failure. The “emergency” responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult’s program stopped: the status...