Tag Archives: newslettersent

Summary: US Q3 was revised higher mostly due to consumption. Business investment was a drag. Profits rose to snap a five-quarter slide. The US economy now is estimated to have expanded by 3.2% in Q3, up from the initial estimate of 2.9%, and is the fasted in since Q3 2014.  The average quarterly growth rate this year is 1.8% compared with 1.9% last year.  The Federal Reserve estimates trend growth or the...

Summary: US Q3 was revised higher mostly due to consumption. Business investment was a drag. Profits rose to snap a five-quarter slide. The US economy now is estimated to have expanded by 3.2% in Q3, up from the initial estimate of 2.9%, and is the fasted in since Q3 2014.  The average quarterly growth rate this year is 1.8% compared with 1.9% last year.  The Federal Reserve estimates trend growth or the...

Neuchâtel, 29.11.2016 (FSO) – In the 3rd quarter 2016, total employment (number of jobs) rose by 0.3% in comparison with the same quarter a year earlier (-0.1% compared with the previous quarter). In full-time equivalents, employment in the same period remained unchanged. The Swiss economy counted 4,000 more vacancies than in the corresponding quarter of the previous year (+8.1%). The other indicators also showed...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. How Not to Predict Gold Prices Sometimes, we think that every story in the gold community has the same template: I have inside information to share with you My peeps are telling me that <XYZ> will happen If <XYZ> happens, then the gold price will go ballistic (<XYZ> will happen, I just know it) So buy...

Swiss Franc EUR/CHF - Euro Swiss Franc, November 29(see more posts on EUR/CHF, ). - Click to enlarge FX Rates The US dollar correctly lowered yesterday, but most of the selling was over by the end of the Asian session, and the greenback steadied in Europe and North America.  The dollar is firm against the euro and yen but within yesterday’s broad trading ranges.  The Australian and Canadian dollar’s gains from...

Hidden Motives It is well-known that India’s government wants to coerce its population into “modernizing” its financial behavior and abandoning its traditions. The recent ban on large-denomination banknotes was not only meant to fight corruption. In fact, as our friend Jayant Bhandari has pointed out, fresh avenues for corruption  immediately opened up upon enactment of the ban (see “Gold Price Skyrockets in India...

The US dollar has rallied against both the Japanese yen and Chinese yuan since the end of September.  Through today, the yen has fallen 9.8% and the yuan has fallen by 3.5%. What they have in common is the rise in US interest rates relative to their own.   Since September 30, the US 10-year yield has from below 1.60% to above 2.40% at the end of last week.   Japan’s 10-year yield has risen from minus nine basis points...

Headlines Week November, 25 2016 We explained the Trump reflation trade, where the Swiss Franc acts as the usual inflation hedge against the obviously inflationary policies of Trumpeconomics. Trump is about tax cuts – i.e. a fiscal deficit up to 10%, and about protectionism. Trump would restrict global trade and push up U.S. wages. According to Lars Christensen Trumpeconomics is also about monetary stimulus: Trump...

Swiss Franc EUR/CHF - Euro Swiss Franc, November 28(see more posts on EUR/CHF, ). - Click to enlarge FX Rates As soon as markets opened in Asia, the greenback was sold, and corrective forces that had been nipping below the surface took hold. The euro, which had finished last week below $1.0590, rallied nearly a cent. Before the weekend, the greenback had pushed to almost JPY114, an eight-month high,  before...

Swiss banks focused on property lending are taking more risks to compensate for the impact of record-low interest rates, increasing the threat of a real-estate bubble, Swiss National Bank Vice President Fritz Zurbruegg said. © Vladek | Dreamstime.com - Click to enlarge “Exceptionally low interest rates are putting pressure on interest rate margins and this is weighing on the profitability of Swiss banks,” Zurbruegg...