Tag Archives: Featured

Our society does not make it easy to control what you can control. One of the aphorisms to live by here at Of Two Minds is control what you can.We don’t control the erosion of our money from inflation, the state’s vast criminalization machinery, the nation’s foreign policies or the central bank’s free money for financiers policies. So what do we control? Amazingly enough, we still control a few things. We control what...

The Swiss Franc depreciated this week again. The euro rose to 1.960. One reason is the reduction in net long CHF speculative position from 8.2K to 1.6K contracts. Given the weak ISM non-manufacturing  PMI, it remains unclear. why speculator now move into the dollar. Over the summer, the US dollar was out of favor with the speculators in the futures market. This means that gross long positions increased and gross...

Swiss Franc Currency Index The Swiss Franc index remained mostly unchanged during the last week: Some gains against the dollar, but losses versus the euro. Since Tuesday the euro moved upwards against CHF. Given thatSwiss GDP was stronger than the one in the euro zone, this is surprising. But we must recognize that Draghi could be the reason. Inflation forecasts of 1.2% in 2017 and 1.8% in the euro zone would mean...

India has a new central bank head. North Korea detonated a nuclear device. The Turkish government may be eyeing the central bank for the next purge. Mexican Finance Minister Videgaray resigned. Incoming Mexican Finance Minister Meade announced new spending cuts.  In the EM equity space as measured by MSCI, Colombia (+4.1%), Hong Kong (+3.9%), and China (+3.6%) have outperformed this week, while Thailand (-4.4%), Qatar...

Originally Published at Money Metals Exchange Do young Americans today know anything about economics? No, they don’t, according to a study during the 2016 presidential primary season, which says lots of other Americans don’t either. The survey found 58% of millennials favor government-run socialism (statistically 6 out of 10), while a nearly identical number (64%) don’t want government interference in free markets. The...

(Dublin business trip is ending, London next week, sporadic posts to continue) Swiss Franc Click to enlarge. FX Rates The US dollar is lower against all the major currencies this week as North American participants close it out. On the day, the dollar is consolidating swings yesterday and is narrowly mixed. Bond yields are higher and equities are mostly lower. The euro has finished lower the last three Fridays....

SMI The Swiss Market Index, along with other European markets, fluctuated this week as central bank decisions dominated the landscape. Click to enlarge. Economic Data Equity markets advanced at the beginning of the week as chances of the Federal Reserve raising US interest rates later this month declined after a surprisingly weak report on the US service-sector earlier this week. The report followed data last week...

Basel to overtake Zurich Basel City will leapfrog Zurich to become Switzerland’s second-most attractive location for businesses by 2020 as Swiss cantons cut corporate tax to bolster their appeal, according to Credit Suisse Group AG. Basel, home of Roche Holding AG and Novartis AG, will move up two places in the ranking of 26 cantons over the next four years, given a plan to reduce its tax rate to 13 percent from...

The following study shows that Switzerland’s trains are the most expensive in Europe. Effectively many tourists are shocked by the high Swiss prices. But there are objections: Nearly all Swiss train commuters possess either a half fare ticket or a monthly or yearly public transport ticket for their way to work. This reduces the high prices heavily. Moreover, the Swiss trains are the quickest and most punctual. For a...

Submitted by Nicole Foss via The Automatic Earth blog, Part 1 Here. History teaches us that central authorities dislike escape routes, at least for the majority, and are therefore prone to closing them, so that control of a limited money supply can remain in the hands of the very few. In the 1930s, gold was the escape route, so gold was confiscated. As Alan Greenspan wrote in 1966: In the absence of the gold...