SNB & CHF

Summary: Extending or tapering QE was not discussed, but means little in terms of what the ECB decides in Sept. Draghi said growth risks are on the downside and inflation has yet to enter a meaningful uptrend. Reiterates that abrupt end of purchases is unlikely. ECB President Draghi said nothing to dampen expectations that in December, with the cover of new staff forecasts, the asset purchase program will...

Submitted by Gordon T Long via FinancialRepressionAuthority.com, A FALLING MARKET CANNOT BE ALLOWED – at any cost! The Central Bankers have clearly painted themselves into a corner as a result of their self-inflicted, extended period of “cheap money”. Their policies have fostered malinvestment, excessive leverage and a speculative casino approach to investments. Investors forced to take on excess risk for yield  and...

Brimming with hubris and self-importance, the ruling Elite and mainstream media cannot believe they have lost the consent of the governed. Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed. The American ruling Elite has lost the consent of the governed. This reality is being masked by the...

Swiss Franc The Swiss Franc has strengthened against the pound as global uncertainty persists in the form of the UK’s Brexit vote and the US Presidential Election. Looking ahead it seems the CHF may soften a little as we learn of the new President, I found it very interesting that yesterday Paddy Power paid out on any bets for Hilary Clinton to become President in the United States. This is a great indication of the...

Summary: Draghi will like emphasis inflation is the key to policy and ECB is committed using allow for its technical tools to achieve its legal mandate. Key decisions will be made in December. The more the euro rises against sterling, the greater the pressure for the euro to fall against the dollar. Mario Draghi - Click to enlarge The ECB meets tomorrow. Few, if any, are expecting fresh action. The...

In the years following the 2008 crash and today, the use of forward guidance from central banking policy makers has become increasingly important. What this nonsense ultimately has translated into is a ridiculous track record in posting upbeat assessments on the economic environment, aimed at trying to fool the marginal investor into believing “there are no need for worry, central bankers have everything under...

Financial Blogger, Banker - George Dorgan, speaks to Tip TV’s Zak Mir, and states the case for investing in this era where everything is noted as a bubble. Dorgan also shares comments on fintech, blockchain and bitcoin. Tip TV Finance is a daily finance show based in Belgravia, London. Tip TV Finance prides itself on being able to attract the very highest quality guests on the show to talk markets, economics, trading and investing, keeping our audience informed via insightful and...

Something unexpected happened when the ECB released its latest bond purchase data at during its scheduled release time on Monday: in addition to the purchase of at least 20 separate corporate bonds under the bank’s CSPP bond buying program during the week ended October 14, amounting to a total of €1.84 billion, which lifted the number of securities held by the central bank to 660, bringing the total to amount of its...

Financial Blogger, Banker - George Dorgan, speaks to Tip TV’s Zak Mir, and states the case for investing in this era where everything is noted as a bubble. Dorgan also shares comments on fintech, blockchain and bitcoin. Tip TV Finance is a daily finance show based in Belgravia, London. Tip TV Finance prides itself on being able to attract the very highest quality guests on the show to talk markets, economics, trading and investing, keeping our audience informed via insightful and...

The collapse of asset inflation will implode all the fiscal and financial promises based on ever-inflating assets. In effect, central banks and states have masked the devastating stagnation of real income by encouraging households to take on debt to augment declining income and by inflating assets via quantitative easing and lowering interest rates and bond yields to near-zero (or more recently, less than zero). The...