Tag Archives: Featured

I joined Chris Wolfe from First Republic Wealth Management on the set of Bloomberg’s Daybreak to discuss market developments and the outlook for the US economy. We generally agreed that while the economy is slowing it is doing so from unsustainably strong levels. We also are both highly convinced that the Fed will increase rates later this month, and anticipate two hikes next year.  Investors, understandably with scar...

Switzerland is not a member of the European Union, but the close ties between the two are governed by over 120 bilateral sectoral accords negotiated since 1992 (Martin Ruetschi/Keystone) The Swiss government says it wants to carry out a public consultation before taking a final position on an “institutional framework” agreement negotiated with the European Union aimed at cementing future ties between Switzerland and its...

The real question is why no one says anything. They can continue to make these grossly untrue, often contradictory statements without fear of having to explain themselves. Don’t even think about repercussions. Even in front of politicians ostensibly being there on behalf of the public, pedigree still matters more than results. It’s actually worse than that since all that I’m talking about means it is these guys who...

  Close Gain/Loss On Week Gold $1248.40 +$10.10 +2.19% Silver $14.63 +$0.25 +3.25% XAU 67.94 +2.40% +5.40% HUI 153.93 +2.58% +6.13% GDM 560.05 +2.34% +5.32% JSE Gold 1201.13 -0.09 +9.31% USD 96.60 -0.14 -0.61% Euro 114.10 +0.24 +0.80% Yen 88.80 +0.01 +0.67% Oil $52.61 +$1.12 +3.30% 10-Year 2.856% -0.031 -4.86% Bond 143.90625 +0.34375 +2.27% Dow 24388.95 -2.24% -4.50% Nasdaq 6969.25 -3.05% -4.93% S&P 2633.08 -2.33%...

The Baby Boom generation may be the first generation to leave less to their children than they inherited. Or to leave nothing at all. We hear lots—often from Baby Boomers—about the propensities of their children’s generation. The millennials don’t have good jobs, don’t save, don’t buy houses in the same proportions as their parents, etc. We have no doubt that attitudes have changed. That the millennials’ financial...

Swiss Franc The Euro has fallen by 0.01% at 1.1267 EUR/CHF and USD/CHF, December 10(see more posts on EUR/CHF and USD/CHF, ) - Click to enlarge FX Rates Overview: Investors angst over trade tensions and Brexit continue remains elevated, and poor Chinese and Japanese economic news played on global growth fears. Equities continue to slog lower. Bond yields are little changed, and the dollar is lower against most...

With the ECB’s asset purchases due to end this month and forward guidance set to remain unchanged, a focus at next week’s policy meeting will be staff forecasts for growth and inflation. At its Governing Council meeting next week, we expect the European Central Bank (ECB) to confirm that its asset purchases will cease at year’s end. However, it is likely to stress that the end of the net asset purchase programme does...

United States The drop in US yields and disappointing economic data weighed on sentiment and the dollar last week. Even weakness in equities, which had seemed to lend the greenback support, failed to do so at the end of last week. With the real Fed funds rate (adjusted for inflation) below zero, employment at 50-year lows, and some fiscal stimulus still in the pipeline, the doom and gloom cant of a recession next year...

Earlier this year, Skyguide announced that Switzerland would host the first national deployment of U-space, a digital infrastructure aimed at preventing accidents involving drones. ​​​​​​​ Switzerland’s existing mobile telephony infrastructure is enough to guarantee the safety of drone flights in the country’s airspace, according to a study published Wednesday. Commissioned by Swiss air navigation service provider...

[embedded content] Economic thoughts and analysis from Alhambra Investments CEO Joe Calhoun. Related posts: Monthly Macro Monitor – October 2018 (VIDEO) Monthly Macro Monitor – September 2018 Monthly Macro Monitor – August Monthly Macro Monitor – November 2018 Monthly Macro Monitor – October 2018 Monthly Macro Monitor – August 2018 Monthly Macro...