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I was just as surprised as anyone by the election outcome.   The initial market reaction was not as surprising, but the dramatic reversal was.  About a dozen hours after the election was called, John Authers from the Financial Times came to my office and we chatted.  Check out the cool video here.

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Money markets and the Swiss franc have diverged despite a presumed increase in event risk from the U.S. Presidential election. Moreover, shorts against the Swiss franc have risen. This surprising divergence opens up a presumed opportunity use the franc as...

Comment on Swiss Franc by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Swiss Franc EUR/CHF - Euro Swiss Franc, November 07 (see more posts on EUR/CHF, ). - Click to enlarge FX Rates The DAX also gapped lower before the weekend and gapped higher today.  It is stalling just ahead of the earlier gap from last week...

Swiss consumer price inflation remain lowest compared to Eurozone and U.S. Swiss consumer price inflation remain the lowest in comparison with different countries in the euro zone and the United States. Consumer prices in the U.S. are driven by rising health care costs and asset price inflation in shelter. In Europe, we see the opposite phenomenon: Rents in Spain or Italy are falling. In Germany and Switzerland rent...

Headlines Week November 04, 2016:  No interventions, EUR/CHF under 1.08 with political jitters Sight Deposits: show that the SNB has not intervened to sustain the euro, that dipped under EUR/CHF 1.08. We considered the 1.08 as line in sand for the SNB. FX: The odds of Trump are rising. This causes fear and demand for Swiss Franc. The EUR/CHF fell to 1.0750. Euro/Swiss Franc FX Cross Rate, November 07(see more posts...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Neither the Mexican peso’s performance nor the fed funds futures seem to show that investors think the election is very close. Not all poll analysis showed what the Financial Times called “knife-edge”. None of the poll analysis showed Trump winning, and...

Ticking Time Bomb “There are more things in heaven and Earth, Horatio, than are dreamt of in your philosophy.” – William Shakespeare, Hamlet The American populace counts down to Election Day with impatient intent. Will their party man occupy the White House come January 21, 2017? Or will their party woman occupy a federal prison cell? These are questions that only the good wisdom of time can answer. Here at the...

Angela Merkel © Joachim Eckel | Dreamstime.com - Click to enlarge Swiss talks with the European Union about immigration restrictions mustn’t be impacted by the U.K.’s decision to leave the bloc, German Chancellor Angela Merkel said. “In the EU, we should carry on negotiations with Switzerland in the same way as we would have if there were no question on Britain,” Merkel said after a meeting with Swiss President Johann...

Larry Summers - Click to enlarge At an event in Davos, Switzerland earlier today, Former U.S. Treasury Secretary, Larry Summers, argued that Central Bank independence from national governments should be scrapped in favor of a coordinated effort between politicians, central bankers and treasury to engineer inflation.  Seems reasonable, right?…what could possibly go wrong? According to Market Watch, Summers argued that...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: The UK High Court defends Parliament’s right to vote before Article 50 is triggered. The decision will be appealed. Sterling approached an important resistance as it extended its rally for the fifth session. The UK High Court ruled that Parliament has the...