SNB & CHF

– Cyber war is increasing threat – Investors are not prepared for– Third most likely global risk in 2018 is cyber war say WEF – “Scale and sophistication of attacks is going to grow”– EU, US, NATO lay down ground rules for offensive cyber war– Ireland is viable target for attackers but is ‘grossly unprepared for cyber war’– UK should expect attack that cripples infrastructure within 2 years – Trump administration may...

The Economist has just published its January 2018 Big Mac index, a light-hearted measure of whether currencies are under or overvalued. The underlying assumption is that a Big Mac is the same whether bought in Kiev or Chur, so any price difference must be due to the exchange rate. © Sergiomonti _ Dreamstime.com - Click to enlarge In January 2018, Swiss Big Macs were still the world’s most expensive, making the Swiss...

Swiss Franc The Euro has fallen by 0.14% to 1.1773 CHF. EUR/CHF and USD/CHF, January 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has come back better bid in late Asian activity. The session highlight was the BOJ meeting. BOJ maintained forecasts and policy. There was a small tweak to the inflation assessment, noting that prices were skewed to the...

Figures published in 2017 show that only 37% of Swiss healthcare costs were covered by basic compulsory health insurance premiums. © Ognjen Stevanovic | Dreamstime.com - Click to enlarge The remaining cost was covered by the government (20%), accident and social insurance (10%), private complementary health insurance (7%), charity (1%) and out-of-pocket spending by individuals (26%). Compulsory Swiss health insurance...

Although prices vary widely depending on the type and method of transaction, some banks may earn money by adding surcharges to currency exchanges. (Keystone) - Click to enlarge A study of over 40 Swiss finance institutions has revealed ‘striking’ differences in exchange rates for banknotes and currencies as well as the addition of hefty mark-ups and fees. Online banking and insurance comparison service...

Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat For Now – U.S. Senate pass a temporary spending plan through Feb. 8 to end shutdown– Markets shrug off both government shutdown and re-opening– Markets, government and media ignoring worsening US debt position – Gold responding positively to U.S. dysfunction, rising US Treasury yields & weaker dollar – U.S. government national debt is...

This is one reason why I anticipate “unexpected” disruptions in the global economy in 2018. The mere mention of “central banks” will likely turn off many readers who understandably have little interest in convoluted policies and arcane mumbo-jumbo, but bear with me for a few paragraphs while I make the case for something to happen in 2018 that will impact us all to some degree. That something is the decay of the...

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Swiss Franc The Euro has fallen by 0.36% to 1.1768 CHF. EUR/CHF and USD/CHF, January 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar closed last week on a firm note, but it has been unable to build on its gains to start the new week. News that Germany’s SPD agreed to enter formal negotiations with Merkel’s CDU/CSU alliance saw the euro open in Asia...