SNB & CHF

Swiss Franc The Euro has risen by 0.15% to 1.0689 EUR/CHF and USD/CHF, June 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: US stocks extended their gains ahead of the weekend after President Trump shied away from specific actions against China-Hong Kong, and today Hong Kong shares recovered smartly from last week’s 3.6% slide. The Hang Seng rose 3.3% today, and the Shanghai Composite gained over 2%. All the...

© Marcos del Mazo | Dreamstime.com The number of daily new cases has remained low in Switzerland throughout May. The highest number of new cases over this period was recorded on 1 May (119). The latest daily number, published on 29 May, was 31 new daily cases. Since the beginning of May the number has been as low as 10. The total number of reverse transcription polymerase chain reaction, or RT-PCR tests undertaken by 29 May 2020 was 390,688. At the beginning these...

Urs Rohner is Chairman of the Board of Directors at Credit Suisse (Keystone / Ennio Leanza) Major Swiss bank Credit Suisse has issued 15,400 emergency loans totaling CHF2.8 billion ($2.9 billion) during the coronavirus crisis, says board chairman Urs Rohner. The numbers are similar at competitor UBS. On March 25 the Swiss government announcedexternal link a scheme to provide cash-strapped small and medium-sized companies with emergency loans to get through the...

The missing piece so far is consumers. We’ve gotten a glimpse at how businesses are taking in the shock, both shocks, actually, in that corporations are battening down the liquidity hatches at all possible speed and excess. Not a good sign, especially as it provides some insight into why jobless claims (as the only employment data we have for beyond March) have kept up at a 2mm pace. These are second order effects. In terms of consumer spending, it’s, as always,...

Flooding the financial system with “free money” only restores the illusion of stability I updated my How Systems Collapse graphic from 2018 with a “we are here” line to indicate our current precarious position just before the waterfall: For those who would argue we’re nowhere near collapse, consider that over 20% of the Federal Reserve’s $2 trillion spew of free money went directly into the pockets of America’s billionaires: $434 billion by the latest estimates,...

In an attempt to maintain the lockdown and their authority over our lives, politicians, health experts, and the mainstream media have been misusing some unusual analogies to describe the current economy. By using these analogies, our political overlords hope they can continue to keep the economy shut down, force companies to produce what the government forgot to purchase before the virus hit, and toss out trillions of dollars of handouts and bailouts to their...

Inflation is typically defined as a general increase in the prices of goods and services—described by changes in the Consumer Price Index (CPI) or other price indexes. If inflation is a general rise in measured prices, then why is it regarded as bad news? What kind of damage can it inflict? Mainstream economists maintain that inflation causes speculative buying, which generates waste. Inflation, it is maintained, also erodes the real incomes of pensioners and...

The Dow Gold ratio can be used as a key trading tool and Bill Bonner's approach offers possibly the easiest trading strategy to undertake. Now this isn’t one for gold bugs or anyone that has an outright aversion to stocks. Yet, the performance that this strategy offers has an impressive track record over the course of the last 100 years. Furthermore, the Dow Gold ratio serves to remind us right now of how undervalued gold remains relative to stocks. Bill Bonner's articles can be...

The Dow Gold ratio can be used as a key trading tool and Bill Bonner's approach offers possibly the easiest trading strategy to undertake. Now this isn’t one for gold bugs or anyone that has an outright aversion to stocks. Yet, the performance that this strategy offers has an impressive track record over the course of the last 100 years. Furthermore, the Dow Gold ratio serves to remind us right now of how undervalued gold remains relative to stocks. Bill Bonner's articles can be found...

Mark discusses the overall world economy and how it will only take a tiny trickle of the hundreds of trillions in world assets to shift direction to have a dramatic effect on precious metal prices. To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.com Tom welcomes Mark O'Byrne, Research Director and founder of GoldCore, back to the show. GoldCore is a Bullion dealer based out of Ireland. Mark discusses the overall world economy and how China...