Tag Archives: Featured

Can the current iteration of global capitalism be reformed, or is it poised to be replaced by some other mode of production? Judging by the mainstream media, the most pressing problems facing capitalism are 1) income inequality, the basis of Thomas Piketty’s bestseller Capital in the Twenty First Century, and 2) the failure of laissez-faire markets to regulate their excesses, a common critique encapsulated by Paul...

Bad Monday Some Monday mornings are better than others.  Others are worse than some.  For one Amazon employee, this past Monday morning was particularly bad. No doubt, the poor fellow would have been better off he’d called in sick to work.  Such a simple decision would have saved him from extreme agony.  But, unfortunately, he showed up at Amazon’s Seattle headquarters and put on a public and painful display of...

Summary: USD had a large rally in November. We had been looking for a short and shallow pullback. Here are thoughts about what would signal an outright correction.   The Federal Reserve’s real broad trade weighted dollar index rose 2.3% in November.  This is the largest monthly advance since September 2011.   This is the measure that officials and economists use to try to assess how the currency movement impact...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 02(see more posts on EUR/CHF, ). - Click to enlarge Federal Reserve The capital markets are finishing the week amid speculation that the driving forces of the past three weeks are ebbing.  Global equities and the dollar may be snapping three-week advances.  The issue is whether it is a consolidation or trend change.   The former is a more prudent assumption until...

Swiss Franc EUR/CHF - Euro Swiss Franc, December 02(see more posts on EUR/CHF, ). - Click to enlarge Federal Reserve The capital markets are finishing the week amid speculation that the driving forces of the past three weeks are ebbing.  Global equities and the dollar may be snapping three-week advances.  The issue is whether it is a consolidation or trend change.   The former is a more prudent assumption until...

United States The US dollar has slipped lower in response to the jobs data, but quickly recovered. The details are mixed, but is unlikely to change views on the outlook for Fed policy. The headline job creation was in line with expectations at 178k. Job growth of the back two months were shaved by 2k, concentrated in October. U.S. Nonfarm Payrolls, November 2016(see more posts on U.S. Nonfarm Payrolls, ) Source:...

United States The US dollar has slipped lower in response to the jobs data, but quickly recovered. The details are mixed, but is unlikely to change views on the outlook for Fed policy. The headline job creation was in line with expectations at 178k. Job growth of the back two months were shaved by 2k, concentrated in October. U.S. Nonfarm Payrolls, November 2016(see more posts on U.S. Nonfarm Payrolls, ) Source:...

SMI Investors appear to be staying on the sidelines this week ahead of the weekend’s Italian referendum. Swiss stocks are set to finish the week lower, underperforming global equities as food giant Nestle and pharmaceutical heavyweights Roche and Novartis drag the index down. SMI Index, December 02 - Click to enlarge Economic Data It’s been a volatile trading week across financial markets. Oil prices jumped almost...

SMI Investors appear to be staying on the sidelines this week ahead of the weekend’s Italian referendum. Swiss stocks are set to finish the week lower, underperforming global equities as food giant Nestle and pharmaceutical heavyweights Roche and Novartis drag the index down. SMI Index, December 02 - Click to enlarge Economic Data It’s been a volatile trading week across financial markets. Oil prices jumped almost...

Each quarter, the SECO estimates the GDP and its components. The main purpose of these estimations is to provide data that allow for an assessment of the cyclical development of the main macroeconomic aggregats in a timely adequate and credible manner. Gross domestic product in the 3rd quarter of 2016 Bern, 02.12.2016 – Switzerland’s real gross domestic product (GDP) has remained almost unchanged in the 3rd quarter of...