SNB & CHF

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. If you want a central banker to choke on his croissant, read him this quote from socio-historian Immanuel Wallerstein: “Countries (have lost the ability) to control what happens to them in the ongoing life of the modern world-system.” Stated another way, Wallerstein...

It is surely one of the primary reasons why many if not most people have so much trouble accepting the trouble the economy is in. With record high stock prices leading to record levels of household net worth, it seems utterly inconsistent to claim those facts against a US economic depression. Weakness might be more easily believed as some overseas problem, leading to only ideas of decoupling or the US as the “cleanest...

Summary North Korean banks subject to international sanctions have been banned from using Swift. Korea’s Constitutional Court upheld Parliament’s motion to impeach President Park. Singapore eased some property market curbs after a three-year decline in home prices. Egypt partially reversed a cut in bread subsidies. Nigeria’s President Buhari returned to the nation after spending nearly two months in the UK. Moody’s...

Swiss Franc EUR/CHF - Euro Swiss Franc, March 10(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Sterling vs the Swiss Franc has fallen to its lowest level in two months as the Pound is continuing to be dragged down by what is happening with the uncertainty caused by when Article 50 will be triggered. Article 50 has been debated in the House of Lords and a challenge concerning the rights of Europeans...

The US jobs report was largely in line with expectations. February was the second consecutive month that the US economy created more than 200k jobs. United States Nonfarm payrolls It is the first time since last June and July. The 235k is just below the revised January 238k gain (initially 227k). U.S. Nonfarm Payrolls, February 2017(see more posts on U.S. Nonfarm Payrolls, ) Source: Investing.com - Click to...

© Perry Toone | Dreamstime.com According to an article in Tribune de Genève, some cigarette vendors are desperately searching for supplies of the drug to meet demand. Recently kiosques in Geneva started selling low strength cannabis like they sell cigarettes. Some kiosque owners are over the moon, while others desperately search for a supplier. One vendor told Tribune de Genève: “I don’t have any. For three days people...

James Rickards: Long-Term Forecast For $10,000 Gold James Rickards, geopolitical and monetary expert and best selling author of the ‘The New Case for Gold’ has written an interesting piece for the Daily Reckoning on why he believes gold will reach $10,000 in the long term. Gold in USD Adjusted for Inflation 1970-2017 – Macrotrends.net He warns of the many systemic and geopolitical risks including the EU elections, from...

To my mind, “reflation” has always proceeded under false pretenses. This goes for more than just the latest version, as we witnessed the same incongruity in each of the prior three. The trend is grounded in mere hope more than rational analysis, largely because I think human nature demands it. We are conditioned to believe especially in the 21st century that the worst kinds of things are either unrealistic or apply to...

To my mind, “reflation” has always proceeded under false pretenses. This goes for more than just the latest version, as we witnessed the same incongruity in each of the prior three. The trend is grounded in mere hope more than rational analysis, largely because I think human nature demands it. We are conditioned to believe especially in the 21st century that the worst kinds of things are either unrealistic or apply to...

Interview Questions For Charles Hugh Smith Exclusive March 2017, Interview Questions For Charles Hugh Smith Exclusive March 2017