SNB & CHF

In June 2017, Switzerland’s Federal Council announced plans to reduce the discounts offered to those willing to risk paying the first chunk of their annual medical bills. The plan included reducing the maximum premium discounts given for opting for deductibles, the amount paid by the insured before insurance kicks in. © Ginasanders | Dreamstime - Click to enlarge On Tuesday, according to 20 Minutes, a commission for...

Anyone who thinks our toxic financial system is stable is delusional. Why are we doomed? Those consuming over-amped “news” feeds may be tempted to answer the culture wars, nuclear war with North Korea or the Trump Presidency. The one guaranteed source of doom is our broken financial system, which is visible in this chart of income inequality from the New York Times: Our Broken Economy, in One Simple Chart. While the...

Gold hedges massive ongoing devaluation of U.S. Dollar 46th anniversary of ‘Tricky Dicky’ ending Gold Standard (see video) Savings destroyed by currency creation and now negative interest rates Long-term inflation figures show gold a hedge against rising cost of fuel, food and cost of living $20 food and beverages basket of 1971 cost $120.17 in 2017 Household items increased by average of 2000% and oil by 5,373% since...

Summary: FOMC minutes were not as dovish as spins suggest. ECB record was not as dovish as market response appears. Divergence is still intact. First, we told you that the FOMC minutes were not as dovish as the dollar and US Treasury yields may have suggested to many observers. Neither timing of the balance sheet adjustment (Sept announcement) or the odds of a rate hike before year-end changed. The dollar and...

Nicolas Maduro (blue shirt) at the tomb of former Cuban leader Fidel Castro in Santiago on August 15 (Keystone) Swiss firms have been cutting hundreds of jobs in long-established branch offices in Venezuela, as the oil-producing country experiences an economic and political crisis. “The disaster – economic, social, political and humanitarian – which is engulfing Venezuela with the government of [president] Nicolas...

2007. Crise des subprimes. De l’argent public se déverse en abondance dans les circuits financiers mondiaux qui turbinent à la monnaie centrale. Comprenez que c’est de l’argent scripturale bancaire qui a été élevé au rang d’argent garanti par les Etats via leurs banquiers centraux. 2011. Crise des banques européennes. De nouveau, des décisions prises pour soutenir les banques sont prises par les grandes banques...

The Asian flu of the late 1990’s might have been more accurately described as the Asian dollar flu. It was the first major global test of the mature eurodollar system, and it was a severe disruption in the global economy. It doesn’t register as much here in the United States because of the dot-com bubble and the popular imagination about Alan Greenspan’s monetary stewardship in general. But even in our domestic...

 There is no change to the risk budget this month. For the moderate risk investor, the allocation between risk assets and bonds is unchanged at 50/50. There are other changes to the portfolio though so please read on. As I write this the stock market is in the process of taking a dive (well if 1.4% is a “dive”) and one can’t help but wonder if the long awaited and anticipated correction is finally at hand. Which means,...

Subscribe to stay up to date with the latest videos ► https://www.sbry.co/suBiH Episode 13 - How to Profit from the Death of Retail. Guest Bill Bonner. Porter’s back in the studio with Buck as they dig deeper into the James Damore Google memo with a unique perspective that underlines what most people are missing about workplace diversity. Buck gives his ex-CIA perspective on the nuclear weapon tantrum throwing between North Korea and Donald Trump. Porter reveals the one stock you can...

Swiss Franc The Euro has fallen by 0.06% to 1.1279 CHF. EUR/CHF and USD/CHF, August 18(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The second largest drop in US equities this year has spilled over to drag global markets lower. The MSCI Asia Pacific Index fell nearly 0.5%, snapping a four-day advance and cutting this week’s gain in half. The Dow Jones Stoxx did not...