SNB & CHF

Video Content Abstract at: LINK http://www.gordontlong.com/Macro_Analytics.htm#Smith-06-20-15

We show the monthly development of government bond yields over years, thanks to a table from the ECB. Click to expand, source ECB Disinflation in the Euro zone depresses bond yields everywhere, 2014 versus 2013 June 2014: By July 2013, government bond yields of European safe-havens have risen compared the rates of July 2012, but the ones of crisis countries decreased: Click to expand, source ECB The following was the data as of July 18th 2012, at the height of negative interest rates...

GoldSeek Radio's Chris Waltzek talks to Charles Hugh Smith from Of Two Minds http://www.oftwominds.com/blog.html http://www.goldseek.com/ http://radio.goldseek.com/

George Dorgan shows that Gross Domestic Product (GDP) is a measurement in the local currency. Effectively, Swiss real GDP rose by 15% in Euro terms, but fell slightly in CHF. He also emphasizes that Switzerland needs a big rebalancing of its economy, away from exports towards consumption. The Swiss National Bank was right to remove the euro peg. The move towards consumption is only possible when the Swiss franc is stronger because consumers will profit on...

I have to admit that I derive some pleasure in taking on hoary old myths. For example, some economists assert that the interest rate you see on the Treasury bond is not real. You see, it’s only nominal. To calculate the real rate, they say you must adjust the nominal rate by inflation. Real Interest Rate = Nominal Interest – Inflation It seems to make sense. Suppose you have enough cash to feed your family for 2,000 days. Then the general price level increases by 15%. You still have the...

We show the two phases or two innings or phases of Swiss franc appreciation: The “risk aversion game” and the “inflation game”. With the weakening of emerging markets and the strengthening of the United States in 2013/2014, the Swiss National Bank (SNB) had won the first battle in the war against financial market, the “risk aversion game“, the first innings in a two-part match. Risk aversion is lower because the United States recovered thanks to lower oil prices.The “inflation game”...

Get Free Resources from Eazl: http://bit.ly/eazlresources Save $5 on some of Eazl's most popular courses ➸ Career Hacking: Resume, LinkedIn®, Interviewing + More - http://bit.ly/chsave5youtube ➸ Growth Hacking with Digital Marketing - http://bit.ly/save5ghyoutube ➸ Entrepreneurship: The 8 Step Business Launch® Formula - http://bit.ly/8sblsave5yt Charles Hugh Smith is an economist, author, and blogger with a readership of over 20mm worldwide. In this interview excerpt, he explains how it...

The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash seems like the next step after mandatory reporting of cash transactions. However, I think there is a more serious driver than simple power lust. A more compelling case is that cash banning is the logical follow up to bail-ins. Most people think a bail-in is...

Jun 4 – US healthcare costs are now close to 20% of our entire economy and are climbing steadily. Cris welcomes Charles Hugh Smith, writer of the Of Two Minds blog, who discusses why healthcare costs are out of control, why Obamacare... http://www.financialsense.com/subscribe

In Switzerland, the world governing body of football, Fifa, is being urged to clean up its act after the arrest of a string of officials on corruption charges. On Wednesday, police arrested seven FIFA officials, who will be extradited to the US.Swiss federal prosecutors said they had opened criminal proceedings in connection with the awarding of the 2018 World Cup to Russia and the 2022 tournament to Qatar. Critics doubt whether FIFAPresident, Sepp Blatter, can instigate the shake-up the...