Tag Archives: newsletter

Suspicion isn’t Merely Asleep – It is in a Coma (or Dead) There is an old Monty Python skit about a parrot whose lack of movement and refusal to respond to prodding leads to an intense debate over what state it is in. Is it just sleeping, as the proprietor of the shop that sold it insists? A very tired parrot taking a really deep rest? Or is it actually dead, as the customer who bought it asserts, offering the fact...

Unemployment Rate (not seasonally adjusted) Bern, 09.11.2017 – Registered unemployment in October 2017 – According to surveys by the State Secretariat for Economic Affairs (SECO), 134,800 unemployed people were registered at the Regional Employment Centers (RAV) at the end of October 2017, 1,631 more than in the previous month. The unemployment rate remained at 3.0% in the month under review. Compared with the same...

© Pogonici | Dreamstime - Click to enlarge At the end of September the Swiss government announced an average nationwide health premium rise of 4% in 2018. This government calculation is rather narrow. It only looks at the price of standard compulsory insurance, including accident cover, for an adult with a CHF 300 deductible. Price comparison site bonus.ch calculates that this policy configuration only applies to 18.3%...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. New Chief Monetary Bureaucrat Goes from Good to Bad for Silver The prices of the metals ended all but unchanged last week, though they hit spike highs on Thursday. Particularly silver his $17.24 before falling back 43 cents, to close at $16.82. Never drop silver carelessly, since it might land on your toes. If you are at...

– UK economy outlook bleak amid Brexit, debt woes and rising inflation – Confidence in UK housing market at five-year low – UK high street sales crash at fastest rate since 2009– Number registering as insolvent in England and Wales hit a five-year high in Q3 – UK public finance hole of almost £20bn in the public finances set to grow to £36bn by 2021-22– Protect your savings with gold in the face of increased financial...

The good news is that the economy just printed its second consecutive quarter of 3% growth, a feat not accomplished since Q2 and Q3 2014. The bad news is that the growth spurt in 2014 was better, quantitatively and qualitatively. Those two quarters produced gains of 4.6% and 5.2% (annualized) in GDP, much better than the most recent 3.1% and 3% prints of Q2 and Q3 2017. And it took a hurricane to get the most recent...

The economy is booming. Employment is at decade lows. Unemployment claims are at the lowest levels in 40-years. The stock market is at record highs and climbing. Consumers are more confident than they have been in a decade. Wages are finally showing signs of growth. What’s not to love? I just have one question. If things are so good, then why is America’s saving rate posting such a sharp decline? The answer is not...

Japanese Market About to Break Out The Japanese stock market is quite unique: it would need to rally by approximately 80% to reach its former historical peak. What’s more, said peak was attained on the final trading day of 1989, more than 25 years ago. In short, Japanese stocks have been anything but a good investment in recent years. Conversely this means that the market has a lot of potential if it were to return to...

Neuchâtel, 6.11.2017 (FSO) – The consumer price index (CPI) increased by 0.1% in October 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, Oct 2017(see more posts on Switzerland Consumer Price Index, )...

Summary: Quiet week ahead. RBA and RBNZ policy meetings; no change is expected. US tax reform and the newest Fed governor, Quarles speaks. Q3 data renders September data too old to matter much. United Kingdom The week ahead does not have nearly the event risk of last week. It is difficult to compete with a BOE rate hike that spurred the largest sterling decline in five months, the nomination of a new Fed...