SNB & CHF

George Dorgan shows that Gross Domestic Product (GDP) is a measurement in the local currency. Effectively, Swiss real GDP rose by 15% in Euro terms, but fell slightly in CHF. He also emphasizes that Switzerland needs a big rebalancing of its economy, away from exports towards consumption. The Swiss National Bank was right to remove the euro peg. The move towards consumption is only possible when the Swiss franc is stronger because consumers will profit on...

I have to admit that I derive some pleasure in taking on hoary old myths. For example, some economists assert that the interest rate you see on the Treasury bond is not real. You see, it’s only nominal. To calculate the real rate, they say you must adjust the nominal rate by inflation. Real Interest Rate = Nominal Interest – Inflation It seems to make sense. Suppose you have enough cash to feed your family for 2,000 days. Then the general price level increases by 15%. You still have the...

We show the two phases or two innings or phases of Swiss franc appreciation: The “risk aversion game” and the “inflation game”. With the weakening of emerging markets and the strengthening of the United States in 2013/2014, the Swiss National Bank (SNB) had won the first battle in the war against financial market, the “risk aversion game“, the first innings in a two-part match. Risk aversion is lower because the United States recovered thanks to lower oil prices.The “inflation game”...

Get Free Resources from Eazl: http://bit.ly/eazlresources Save $5 on some of Eazl's most popular courses ➸ Career Hacking: Resume, LinkedIn®, Interviewing + More - http://bit.ly/chsave5youtube ➸ Growth Hacking with Digital Marketing - http://bit.ly/save5ghyoutube ➸ Entrepreneurship: The 8 Step Business Launch® Formula - http://bit.ly/8sblsave5yt Charles Hugh Smith is an economist, author, and blogger with a readership of over 20mm worldwide. In this interview excerpt, he explains how it...

The stories are all over the Internet. Governments are forcing us into a cashless society. Supposedly the pretext is terrorism, and the real reason is to take more control. No doubt more power appeals to politicians, and banning cash seems like the next step after mandatory reporting of cash transactions. However, I think there is a more serious driver than simple power lust. A more compelling case is that cash banning is the logical follow up to bail-ins. Most people think a bail-in is...

Jun 4 – US healthcare costs are now close to 20% of our entire economy and are climbing steadily. Cris welcomes Charles Hugh Smith, writer of the Of Two Minds blog, who discusses why healthcare costs are out of control, why Obamacare... http://www.financialsense.com/subscribe

In Switzerland, the world governing body of football, Fifa, is being urged to clean up its act after the arrest of a string of officials on corruption charges. On Wednesday, police arrested seven FIFA officials, who will be extradited to the US.Swiss federal prosecutors said they had opened criminal proceedings in connection with the awarding of the 2018 World Cup to Russia and the 2022 tournament to Qatar. Critics doubt whether FIFAPresident, Sepp Blatter, can instigate the shake-up the...

Switzerland may be highly innovative, but getting funding for start-ups is tough and many are going abroad for venture capital. According to an annual European Union survey, Switzerland continuously outperforms all EU member states in the field of innovation. But when it comes to marketing the products developed, start-ups struggle to finance their launch. (RTS/swissinfo.ch) --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on...

Tourist bosses in the Bernese Alps are trying to overcome cultural differences between Swiss hosts and their visitors from China and Gulf states. Language problems and different habits can lead to misunderstandings and communication problems. Interlaken Tourism has been organising workshops for hotels and caterers who handle visitors with different cultural expectations. It’s an increasingly important concern as visitors from China and Arab nations increase. (SRF/swissinfo.ch) ---...

Arguably Switzerland’s biggest pop star, Sophie Hunger explains why performing is the only place where she would rather be. At the end of 2013 Sophie Hunger took a time-out in San Francisco. Her new album “Super Moon” is the result of a break of almost two years: a multifaceted album with 18 songs that transcend musical boundaries. (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...