SNB & CHF

The Pilatus PC-7 is used by the Swiss Air Force as a training aircraft and for aerobatic shows (Keystone) Swiss authorities have received requests for information concerning possible Swiss bank accounts of Indian defence deals broker Sanjay Bhandari. He is under investigation for allegedly helping Swiss firm Pilatus secure an order for 75 training aircraft for the Indian Air Force in 2012. The decision on whether or not...

The backbone of China’s internal economy has been its ghost cities, but not as they may be ghost towns now, rather in how little time they might take to fill up. If the lag was relatively small because of restored growth, more would be needed and the Chinese building economy rolling ever onward. “Reflationary” prices were often Chinese prices of just that perceived process. The perceptions of a possible “hard landing”...

The backbone of China’s internal economy has been its ghost cities, but not as they may be ghost towns now, rather in how little time they might take to fill up. If the lag was relatively small because of restored growth, more would be needed and the Chinese building economy rolling ever onward. “Reflationary” prices were often Chinese prices of just that perceived process. The perceptions of a possible “hard landing”...

If we stop counting zombies, we’re already in recession. How shocked would you be if it was announced that the U.S. had just entered a recession, that is, a period in which gross domestic product (GDP) declines (when adjusted for inflation) for two or more quarters? Would you really be surprised to discover that the eight-year long “recovery,” the weakest on record, had finally rolled over into recession? Anyone with...

Swiss Franc The Euro has fallen by 0.43% to 1.1397 CHF. EUR/CHF and USD/CHF, August 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates NY Fed President Dudley appears to have stolen any potential thunder in the July FOMC minutes that will be released tomorrow. While we put more emphasis on today’s US retail sales data and the August Fed surveys, many others argued that the...

Contraint à l’exil pour des raisons que je n’aurais jamais cru possibles, je foule aujourd’hui une terre dont les particularités sautent aux yeux du Français que je suis. Tout d’abord, j’ai posé mon regard sur un paysage naturel où les nombreux sites se marient avec une agriculture dont la France a perdu jusqu’au souvenir. Ici, pas de monoculture subventionnée par l’Union Européenne : les champs sont restés des...

Of the economic releases of the past two weeks the one that got the most attention was the employment report. That report is seen by many market analysts as one of the most important and of course the Fed puts a lot of emphasis on it so the press spends an inordinate amount of time dissecting it. I don’t waste much time on it myself because it is subject to large revisions and has little predictive capability. In...

© Denis Linine | Dreamstime According to various newspapers, Swiss Rail placed an advert on a job portal at ETH, a university in Zurich, offering work to cunning vixens, “schlaue Füchsinnen” in German. Successful applicants need to dress up as foxes, including fox tails, and run around train stations with posters informing travellers of alternative train connections. 20 Minutes reported that a Swiss Rail spokesperson...

It was love that first brought Doris Hofer to Turkey, where she then became one of the country’s leading fitness bloggers. The current political situation however, has her evaluating her options. An intimate portrait by Swiss public television, SRF, of a local online rising star. (SRF, swissinfo.ch) Doris Hofer is 41 years old and for the last 12 years has been a resident of Istanbul. A leading nutrition and fitness book author and blogger, she has an estimated quarter of a million people...

The Producer Price Index (PPI) or officially named “Producer and Import Price Index” describes the changes in prices for producers and importers. For us it is interesting because it is used in the formula for the Real Effective Exchange Rate. When producers and importers profit on lower price changes when compared to other countries, then the Swiss Franc reduces its overvaluation. The Swiss PPI values of -6% in 2015...