SNB & CHF

The Used Goods Question Retail sales in several countries like Germany, Japan and Switzerland continue to fall or they remain steady for years. In the United States they have strongly risen recently. We should remind readers, that used goods sold via Ebay or similar, are not contained in this statistics. Still they create economic value for the purchases. By mentality, Swiss, Germans or Japanese pay more attention so...

Swiss Franc The Euro has risen by 0.04% to 1.1754 CHF. EUR/CHF and USD/CHF, April 03(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The sell-off in US tech shares dragged the market lower. The S&P 500 fell for the sixth session of the past eight and closed below the 200-day moving average for the first time in a couple of years. The sell-off in Asia and Europe is...

Many are still celebrating the Easter holiday today, but not Tom Keene and Lisa Abramowicz and the Bloomberg team. They hosted me on Bloomberg TV today. As is often the case, the discussion was broad, covering the pressing economic and financial issues. In the first clip, which runs about 2.5 minutes, I sketch out the argument for the US economy being in a late-stage expansion. I cite the 12-month moving average of...

Comparing the most recent statistics on Swiss consumer inflation to those in 1993 reveals a steep drop in the percentage of spending allocated to food. © Tero Vesalainen | Dreamstime.com - Click to enlarge When statisticians calculate consumer price rises they look at the prices of a standard basket of goods. In 1993, food and non-alcoholic beverages made up 14.3% of the value of this standard basket. By 2018, the...

Gold Outperforms Stocks In Q1, 2018 – Gold signs off Q1 2018 with best run since 2011 – Gold price supported by safe haven demand, interest-rate concerns and inflation – Trade wars and concerns over equity market have sent investors towards gold – ETF holdings highest in nearly a decade – Goldman Sachs: ‘The dislocation between the gold prices and U.S. rates is here to stay’ Gold ended March with it’s best performance...

The vise will tighten until something breaks. It could be the currency, it could be the political status quo, it could be the credit/debt system–or all three. The problem with an economy dominated by state-enforced cartels and quasi-monopolies is that prices rise (since cartels can push higher costs onto the consumer) but wages don’t (since cartels can either dominate local labor markets or engage in global wage...

Apr.02 -- Marc Chandler, global head of currency strategy at Brown Brothers Harriman, discusses consumer debt and what it signals for the overall U.S. economy. He speaks with Tom Keene and Lisa Abramowicz on "Bloomberg Surveillance

Apr.02 -- Marc Chandler, Brown Brothers Harriman global head of currency strategy, discusses the rising dollar and using the yield curve as an indicator for economic expansion. He speaks with Bloomberg's Tom Keene and Lisa Abramowicz on "Bloomberg Surveillance."

Apr.02 -- Marc Chandler, global head of currency strategy at Brown Brothers Harriman, discusses consumer debt and what it signals for the overall U.S. economy. He speaks with Tom Keene and Lisa Abramowicz on "Bloomberg Surveillance

Apr.02 -- Marc Chandler, Brown Brothers Harriman global head of currency strategy, discusses the rising dollar and using the yield curve as an indicator for economic expansion. He speaks with Bloomberg's Tom Keene and Lisa Abramowicz on "Bloomberg Surveillance."