SNB & CHF

„Es kostet fast nichts, Franken im richtigen Umfang zu drucken.“ Das sagte der Wirtschaftsnobelpreisträger Joseph Stiglitz am World Economic Forum (WEF) in Davos anlässlich eines Interviews mit dem Tages-Anzeiger. Damit behauptet der Laureate, dass es für die Schweizerische Nationalbank fast nichts kostet, den Mindestkurs durchzusetzen. Er erwartet, dass die Schweiz zum Schluss kommen wird, dass die Nationalbank den...

Comment on Swiss Franc by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Swiss Franc EUR/CHF - Euro Swiss Franc (see more posts on EUR/CHF, ). - Click to enlarge FX Rates The latest US political news before roiled thin pre-weekend markets, but cooler heads and more of them are prevailing today. Trump’s fortune in the polls...

Stock Markets EM ended the week on a soft note, as markets were taken off guard by news that the FBI was reopening its investigation of Hillary Clinton’s emails. Risk off trading hit MXN particularly hard. FOMC meeting this week should be a non-event, but markets are likely to remain volatile ahead of the November 8 elections in the US. Individual country risk remains important. Brazil budget data is likely to provide...

By Chris at www.CapitalistExploits.at As a teenager brimming with testosterone my reptilian brain loved action movies. Top of my list were Steven Seagal movies. Clearly it wasn’t for his acting skills, which are only marginally better than Barney the dinosaur. What I loved about Seagal was that he was both deadly and terribly fast. His opponents had mere seconds before their arms, legs, or other bones were snapped like...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Foreign investors have sold more than JPY8 trillion of Japanese equities through September. Nikkei technicals have improved and the yen has softened. Foreign investors have been net buyers for the past four weeks. Foreign investors were significant...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Four central banks meet, but expectations for fresh action are low. The US latest election news does not appear to be altering the projected electoral college outcome. UK press are speculating about Carney possibly resigning. We are skeptical. The...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Four central banks meet, but expectations for fresh action are low. The US latest election news does not appear to be altering the projected electoral college outcome. UK press are speculating about Carney possibly resigning. We are skeptical. The...

The good news is there is a way to avoid failure and stagnation: avoid the mainstream like the plague. The mainstream became mainstream because it worked: the mainstream advice to “go to college and you’ll get a good job” worked, the mainstream financial plan of buying a house to build equity to pass on to your children worked, the mainstream of government regulation worked to the public’s advantage at modest cost to...

Summary Chinese President Xi has strengthened his grip on power. Mozambique said it is in “debt distress” and hired advisors for a debt restructuring. South Africa revised its macro forecasts in the Finance Ministry’s Medium-Term Budget Program. Chile’s ruling center-left coalition lost municipal elections. Stock Markets In the EM equity space as measured by MSCI, Poland (+3.2%), Chile (+3.1%), and Hungary...

Comments by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs 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...