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SNB & CHF

Coronavirus hits Swiss train passenger numbers

Waiting for departure in Olten, northwestern Switzerland. (© Keystone / Peter Klaunzer) The number of people taking trains in Switzerland has fallen since the outbreak of the coronavirus, resulting in a huge financial hit, Swiss Federal Railways reported on Tuesday. The number of passengers across Switzerland has fallen by 10-20%, while the number of people travelling to Italy has dropped by 90% and those going to France has fallen by 60% compared to before the virus...

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Dollar Firm as Global Financial Markets Calm

Global financial markets are finally seeing a measure of calm return; local Chinese media is sounding more confident that the situation is now under control The White House will announce fiscal measures today; five states hold primaries and one holds a caucus with 352 total pledged delegates up for grabs Italy announced that it is extending travel curbs beyond just the north to the entire nation; further fiscal measures there will be seen Japan reported February...

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FX Daily, March 10: Markets Stabilize after Body Blow

Swiss Franc The Euro has risen by 0.09% to 1.0597 EUR/CHF and USD/CHF, March 10(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It appears after a few days of miscues, US officials struck the right chord, and the global capital markets seemed to stabilize shortly after the US session ended. President Trump’s press conference today is expected to spell out in greater detail relief for households and businesses....

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Swiss hotels poised for big losses after record 2019

Fewer tourists than usual on the Kappellbrücke, Lucerne. (Keystone / Alexandra Wey) The Swiss hotel industry could lose out on up to half a billion francs in 2020 due to the impact of Covid-19, the boss of the country’s tourism body has said. Martin Nydegger of Switzerland Tourism said on Monday that he expects the virus to account for some 2.1 million fewer overnight stays in Swiss hotels this year compared with 2019, amounting to financial losses of CHF532 million...

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CHARLES HUGH SMITH: Italian- Top 3 in the Pandemic. Deaths Surge 57%. THIS GOES DEEP !

For the full transcript go to: https://www.financialanalysis.tv #Financial News #Silver News #Gold #Bix Weir #RoadToRoota #Kyle Bass #Realist News #Greg Mannarino #Rob Kirby #Reluctant Preppers #The Next Newss #Maneco64 #Mike Maloney #Gold Silver #Eric Sprott #Jim Rickards #David Morgan #Peter Schiff #Max Keiser #Robert Kiyosaki #SilverDoctors #Jim Willie #Clif High #Ron Paul# Pastor Williams #Bill Holter #Bo Polny # economic collapse #dollar collapse 2020"

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CHARLES HUGH SMITH: Italian- Top 3 in the Pandemic. Deaths Surge 57%. THIS GOES DEEP !

For the full transcript go to: https://www.financialanalysis.tv #Financial News #Silver News #Gold #Bix Weir #RoadToRoota #Kyle Bass #Realist News #Greg Mannarino #Rob Kirby #Reluctant Preppers #The Next Newss #Maneco64 #Mike Maloney #Gold Silver #Eric Sprott #Jim Rickards #David Morgan #Peter Schiff #Max Keiser #Robert Kiyosaki #SilverDoctors #Jim Willie #Clif High #Ron Paul# Pastor Williams #Bill Holter #Bo Polny # economic collapse #dollar collapse 2020"

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Why Sweden’s Negative Interest Rate Experiment Is a Failure

According to the Financial Times’s February 20 article “Why Sweden Ditched Its Negative Rate Experiment,” economists are pondering whether Sweden’s central bank experiment with negative interest rate was a success. Sweden’s Riksbank, the world’s oldest central bank, introduced negative interest rates in early 2015. The reason given by central bank policymakers for the introduction of the negative interest was to counter deflation. Note that for the period November...

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Switzerland Unemployment in February 2020: Down to 2.5 percent, seasonally adjusted unchanged at 2.3 percent

Unemployment Rate (not seasonally adjusted) Bern, March 9th, 2020 – Registered unemployment in February 2020 – According to surveys by the State Secretariat for Economic Affairs (SECO), 117,822 unemployed people were registered with the regional employment centers at the end of February 2020, 3,196 fewer than in the previous month. The unemployment rate fell from 2.6% in January 2020 to 2.5% in the reporting month. Unemployment decreased by 1,651 people (-1.4%)...

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What Comes After Quantitative Easing?

[In the second part of this interview, Brazilian journalist André de Godoy speaks with Antony Mueller about the relationship between credit and money, the inflationary process, and its relation to the real economy. How will the current debt binge end? What comes after Quantitative Easing?] André de Godoy: Ludwig von Mises mentions in his books that credit expansion is one of the causes of the inflation beyond the monetary expansion. What are the similarities and...

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