SNB & CHF

Plenty of people think there could be another financial calamity as early as fall of 2015. What is financial writer Charles Hugh Smith’s timeline? Smith predicts, “I see the motivation and the trend unfolding along those lines. They may be able to save it for another quarter, or maybe it will be the first quarter of 2016. We don’t know the exact timing, but they just keep winding the spring tighter and tighter. It is an attempt to control the exact circumstance they are all afraid of,...

Video Content Abstract at: LINK http://www.gordontlong.com/Macro_Analytics.htm#Smith-07-07-15

Many Swiss companies still have apprenticeship places up for grabs, including hundreds of spots for would-be bricklayers. Over 50 thousand trainee places have been assigned so far this year, but more are still available, especially in the building trade.(SRF/swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more articles, interviews and...

It’s half a century since the first family planning clinic opened in Geneva, and young people in particular continue to reap the benefits of the service. It was William Geisendorf who founded the clinic in the Boulevard Saint George. He went on to set up the unit for gynaecology and sexology at Geneva University Hospital, the first of its kind in Europe. (RTS, swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on...

Switzerland’s postal service has begun testing autonomous flying drones for parcel delivery. Real-world use could come within five to ten years. (SRF, swissinfo.ch) Swiss Post, in collaboration with Swiss WorldCargo (the air freight division of Swiss International Air Lines) and Matternet (a drone manufacturer from California), has started testing unmanned flying drones for logistical purposes. The aim of the tests is to develop and pinpoint the technical possibilities that the use of...

By inflation, I don’t refer to rising consumer prices in Athens. My Greek friends tell me that prices have been steady there in recent years. The focus on prices is the greatest sleight of hand ever perpetrated. It diverts your attention away from the real action. Inflation is the counterfeiting of credit. It is borrowing, when you can’t pay and you know it. Inflation is taking money under false pretenses, and issuing fraudulent bonds. This describes the Greek finances perfectly. Greece...

THE FINANCIAL REPRESSION AUTHORITY Link: http://www.financialrepressionauthority.com Comprehensive collection of articles, essays, videos, podcasts and breaking news relating to FINANCIAL REPRESSION Your single global source on the Internet. Mark O'Byrne feels that holding a Degree in Greek and Roman Civilization with a focus on their economic and monetary history. This gives O'Byrne insights into the cyclical nature of societies that few other writers have. It is these insights that Mark...

Hyperinflation is commonly defined as rapidly rising prices which get out of control. For example, the Wikipedia entry begins, “In economics, hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation, rapidly eroding the real value of the local currency…” Let’s restate this in terms of purchasing power. In hyperinflation, the purchasing power of the currency collapses. Before the onset, suppose one collapsar buys ten loaves of bread. Soon, it...

Retail data shows that the SNB peg removal in January 2015 as early as April 2015 with minimal adverse impact on the economy. Trade surplus showed that Switzerland had fully recovered its lost trade surplus in May and expectations crossed an important threshold into positive territory in June. CHF strengthened since May end, as the market caught wind of the Swiss recovery, and the Grexit would further strengthen the CHF if it were to occur....

Stock markets can only improve if sales increase more than the costs of the companies. Wage inflation describes the development of the major costs of companies. While retail sales remains sluggish, wages are rising more quickly. Torsten Sløk of Deutsche Bank on the development of American wages.——————————————————————————————————————————- wage inflation in the United States The first chart shows that over the past year employer costs have risen significantly. “Bonus...