Tag Archives: Featured

There is a difference between reflation and recovery.  The terms are similar and relate to the same things, but in many ways the latter requires first the former.  To get to recovery, the economy must reflate if in contraction it was beaten down in money as well as cyclical forces. In the Great Crash of 1929 and after, reflation was required because of the wholesale devastation of the money supply.  By pumping up new...

USD/CHF EUR/CHF EUR/CHF and USD/CHF, October 05(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge USD/JPY [embedded content] USD/JPY with Technical Indicators, October 2 - Click to enlarge EUR/USD [embedded content] EUR/USD with Technical Indicators, October 2 - Click to enlarge GBP/USD [embedded content] GBP/USD with Technical Indicators, October 2 - Click to...

Neuchâtel, 5.10.2017 (FSO) – The consumer price index (IPC) increased by 0.2% in September 2017 compared with the previous month, reaching 100.9 points (December 2015=100). Inflation was 0.7% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO). Switzerland Consumer Price Index (CPI) YoY, Sep 2017(see more posts on Switzerland Consumer Price Index, )...

It has now been 318 trading days since the S&P 500 suffered a 5% drawdown – the 4th-longest streak since 1928… So everything is awesome… [embedded content] BUT…US ‘hard’ economic data has not been this weak (and seen the biggest drop) since Feb 2009… US Data Surprise Index, 2006 - 2017 - Click to enlarge Q3 Was a Roller-Coaster… Q3 was the 8th straight quarterly gain in a row for The Dow – the longest streak...

Commuters have been faced with long delays for weeks Commuters using a busy stretch of railway between the Swiss city of Basel and Karlsruhe in Germany will be relieved to learn that services will return to normal on Monday following long-running repairs to a German tunnel. The Rheintal (Rhine Valley) rail section is a critical south-north route in Europe, used particularly by freight trains as well as commuters. Trains...

Swiss Franc The Euro has risen by 0.10% to 1.1443 CHF. EUR/CHF and USD/CHF, October 04(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The US dollar has a softer tone today, and it was that way even for the European PMI. The greenback eased further after the upside momentum faded yesterday. The heavier tone in Asia seemed spurred by a hedge fund manager’s call that...

Time is the soul of money, the long-view – its immortality. Hard assets are forever, even when destroyed by the cataclysms of history. It is the outlook that perpetuated the most competent and powerful aristocracies in continental Europe, well up through World War I and, in certain prominent cases, beyond; it is the mindset that has sustained the most fiscally serious democratic republic in the Western world, that of...

– Safe haven silver to outperform gold in Q4 and 2018 – “Expect silver to eventually outperform gold” say Metals Focus– 2017 YTD, silver has underperformed gold, climbing by 5% versus 11%– Silver undervalued versus gold and especially stocks, bonds and many property markets– Will follow gold’s reactions to macroeconomic & geopolitical factors and should outperform gold– Special report on India shows it accounts for...

Japan is a global leader is how to gracefully manage stagnation. Although our leadership is too polite to say it out loud, they’ve embraced stagnation as the new quasi-official policy. The reason is tragi-comically obvious: any real reform would threaten the income streams gushing into untouchably powerful self-serving elites and fiefdoms. In our pay-to-play centralized form of governance, any reform that threatens the...

There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play political system. One chart defines the 21st century economy and thus its socio-political system: the chart of soaring wealth/income inequality. This chart doesn’t show a modest widening in the gap between the super-wealthy (top 1/10th of 1%) and everyone else: there is a...