SNB & CHF

Ross Clark - Anxiety in the Markets? email: [email protected] Bill Bonner - Violence, Politics and Finance - his latest book "Hormegeddon" Guest's website: https://bonnerandpartners.com/ Produced by http://www.HoweStreet.com

Ross Clark - Anxiety in the Markets? email: [email protected] Bill Bonner - Violence, Politics and Finance - his latest book "Hormegeddon" Guest's website: https://bonnerandpartners.com/ Produced by http://www.HoweStreet.com

How are Swiss companies coping with the strong franc after the Swiss National Bank lifted the peg against the euro? (SRF, swissinfo.ch) In a surprise move on January 15, 2015 the Swiss National Bank (SNB) scrapped the minimum exchange rate with the euro of CHF1.20 that it had introduced in September 2011. To counteract the increased price of exports, Swiss companies implemented cost-cutting measures like wage cuts, payment in euros and longer working hours. --- swissinfo.ch is the...

Work is finally beginning on a new ski development in eastern Switzerland, where locals hope to revive the region’s tourism industry. The new ski area will offer 120 kilometres of runs and connect the village of Andermatt in canton Uri with Sedrun across the Oberalp pass in Graubünden. (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....

The iconic mountain, the Matterhorn, transformed Zermatt from an unknown alpine village to a world renowned tourist destination. The Matterhorn is one of the most famous mountains in the world, if not the most recognisable one, because of its unmistakable profile. Zermatt, the town at its feet, owes its fame to the Matterhorn. The mountain was first conquered 150 years ago. Since then, Zermatt has attracted tourists and climbers from all over the world. (SRF, swissinfo.ch) ---...

According to the latest news release, the Swiss National Bank expects an annual loss of 23 billion CHF, after reporting a loss of 50 billion at the end of June. Primarily thanks to the stronger dollar, the SNB was able to achieve unrealized gains of 27 billion CHF in the second half. This reduced her annual loss to 23 billion. With its rate hike, Fed is helping the SNB: the dollar has appreciated by 6% since July. Balance Sheet The SNB balance sheet looks as follows. In this post we...

Dear Prime Minister Alexis Tsipras, First, congratulations for mustering the popular support to say “no” to the troika. The euro has long offered Greece a perverse incentive to borrow, and now your country is trapped in debt. By any conventional means, Greece cannot repay (I propose an unconventional way, below). The sooner everyone acknowledges this simple fact the better. While I don’t claim to know why you agreed to a bailout deal this weekend, I can guess. The troika threatened to...

Originally Published on Jul 12, 2015 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...

Efforts are being made to bring bearded vultures back to central Switzerland, where the birds have not been seen since the 19th century. Members of the Bearded Vulture Foundation have taken three young birds up the Hengliboden mountain in Melchsee-Frutt, Obwalden, and will watch over and feed them until they can fly. (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...

This summer, Swiss speed climber Ueli Steck is planning to scale all 82 European Alps over 4,000 metres in 80 days. The "Swiss Machine" and his climbing partner Michi Wohlleben aim to attack the more challenging routes on peaks in Switzerland, Italy and France.(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,...