SNB & CHF

What just happened in Europe? The short answer is T-LTRO. The ECB is getting back to being “accommodative” again. This isn’t what was supposed to be happening at this point in time. Quite the contrary, Europe’s central bank had been expecting to end all its programs and begin normalizing interest rates. The reaction to this new round was immediately negative: The euro and euro zone government bond yields fell sharply...

Recently published figures show a 7% decline in the percentage of men in Switzerland’s workforce between 1991 and 2018. © Volker Husberg _ Dreamstime.com - Click to enlarge The workforce figures, which include the unemployed, show a fall in male workforce participation from 81% to 74%, a 7% decline over 27 years. At the same time, the percentage of women working rose 6% from 57% to 63% from 1991 to 2018. Across both...

We’re changing the format on our Macro updates, breaking the report into two parts. This is part one, a review of the data released the previous month with charts to highlight the ones we deem important. We’ll post another one next week that will be more commentary and the market based indicators we use to monitor recession risk. We are still playing catch up on the economic data releases due to the government...

China increased its gold reserves for a third straight month in February, data from the People’s Bank of China (PBOC) showed this morning. The value of China’s gold reserves rose slightly to $79.498 billion in February from $79.319 billion at the end of January, as the central bank increased the total amount of gold reserves to 60.260 million fine troy ounces from 59.940 million troy ounces. The People’s Bank of China...

Swiss Franc The Euro has fallen by 0.31% at 1.1324 EUR/CHF and USD/CHF, March 07(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The ECB meeting is today’s highlight. A dovish signal is expected. The euro remains pinned near its lows ahead it. The global equity market rally in January and February is faltering this week. Asian equities were mixed, but the...

Having fit soldiers is important for the Swiss army – it means fewer injuries and fewer people dropping out. That’s why it has launched an app to get young people ready for military service. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel:...

Having fit soldiers is important for the Swiss army – it means fewer injuries and fewer people dropping out. That’s why it has launched an app to get young people ready for military service. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and videos visit swissinfo.ch or subscribe to our YouTube channel: Website:...

The holiday season was shaping up to be a good one, perhaps a very good one. All the signs seemed to be pointing in that direction, especially if you were a worker. All throughout last year, beginning partway through 2017, there wasn’t a day that went by without some mainstream story “reporting” on America’s labor shortage. It was so ubiquitous, this economic boom idea, the media created several spinoffs. The...

Fifth banknote in latest series showcases Switzerland’s communicative flair The Swiss National Bank (SNB) will begin issuing the new 1000-franc note on 13 March 2019. Following the 50, 20, 10 and 200-franc notes, this is the fifth of six denominations in the new banknote series to be released. The current eighth-series banknotes remain legal tender until further notice. The inspiration behind the new banknote series is...

Click here for the full transcript: http://financialrepressionauthority.com/2019/03/01/the-roundtable-insight-charles-hugh-smith-on-debt-demographics-leading-to-government-crisis-and-financial-repression/