Switzerland recently suffered a setback in the negotiations when the EU decided to restrict Swiss stock exchange access to the EU market for a year (Keystone) - Click to enlarge According to an unpublished list that was revealed in some Swiss papers, Switzerland wants only five of around 120 bilateral treaties with the European Union to figure in a future institutional framework agreement. A reportexternal...
Read More »Inflation Correlations and China’s Brief, Disappointing Porcine Nightmare
Two years ago, China was gripped by what was described as an epic pig problem. For most Chinese people, pork is a main staple so rapidly rising pig prices could have presented a serious challenge to an economy already at that time besieged by massive negative forces. It was another headache officials in that country really didn’t need. For economists and the media, however, China’s possible porcine nightmare was...
Read More »Charles Hugh Smith WARNS: Crash Is Coming Control Fraud Is the Core of our Political Syste
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Read More »Emerging Markets: What Changed
Summary China State Administration of Foreign Exchange (SAFE) disputed press reports that it was slowing or halting purchases of US Treasury bonds. Korean officials warned that it will take stern steps to prevent one-sided currency moves. Bulgaria is talking “intensively” with the ECB and other EU representatives about entering the Exchange Rate Mechanism by mid-year. Hungary announced general elections on April 8....
Read More »Swiss companies leaking executives abroad
The Ammann Group is one of many Swiss companies to recently announce it will be moving jobs abroad (Keystone) Multinational companies based in Switzerland are increasingly moving experienced executives abroad to run production sites in lower-cost countries, according to a jobs placement company. The trend has been blamed on regulatory uncertainty in the Swiss marketplace. There have been concerns at Swiss companies...
Read More »Great Graphic: Euro Monthly
The euro peaked in July 2008 near $1.6040. It was a record. The euro has trended choppily lower through the end of 2016 as this Great Graphic, created on Bloomberg, illustrates. We drew in the downtrend line on the month bar chart. The trend line comes in a little below $1.27 now and is falling at about a quarter cent a week, and comes in near $1.26 at the end of February. The $1.26 area also corresponds to a 61.8%...
Read More »Gold Hits All-Time Highs Priced In Emerging Market Currencies
Gold Hits All-Time Highs Priced In Emerging Market Currencies – Gold at all time in eight major emerging market currencies– A stronger performance than seen when priced in USD, EUR or GBP– As world steps away from US dollar hegemony expect new gold highs in $, € and £ – Gold is a hedge against currency debasement and depreciation of fiat currencies Gold Prices in Emerging Markets Currencies, 2010 - 2018(see more posts...
Read More »2018: The Weakest Year in the Presidential Election Cycle Has Begun
The Vote Buying Mirror Our readers are probably aware of the influence the US election cycle has on the stock market. After Donald Trump was elected president, a particularly strong rally in stock prices ensued. Contrary to what many market participants seem to believe, trends in the stock market depend only to a negligible extent on whether a Republican or a Democrat wins the presidency. The market was e.g. just as...
Read More »MUST LISTEN Charles Hugh Smith Can Trump pull a Rabbit out of a Hat or is US Economy Doome
MUST LISTEN Charles Hugh Smith Can Trump pull a Rabbit out of a Hat or is US Economy Doomed. Thank you for listening. Follow us on . Thank you for listening. Follow us on . MUST LISTEN Charles Hugh Smith Can Trump pull a Rabbit out of a Hat or is US Economy Doomed. ALERT! Can Trump pull a Rabbit out of a Hat or is US Economy Doomed Charles Hugh Smith NOV 2017.. ALERT! Can Trump pull a Rabbit out of a Hat or is US Economy Doomed Charles Hugh Smith NOV 2017.
Read More »FX Daily, January 12: Euro Jumps Higher
Swiss Franc The Euro has risen by 0.45% to 1.1735 CHF. EUR/CHF and USD/CHF, January 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There is one main story today and it is the euro’s surge. The euro began the week consolidating it recent gains a heavier bias, but the record of last month’s ECB meeting surprised the market with its seeming willingness to change the...
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