Tag Archives: newslettersent

Statistics on tourist accommodation in September 2016 Increase in overnight stays in September Neuchâtel, 04.11.2016 (FSO) – The Swiss hotel industry registered 3.4 million overnight stays in September 2016, which corresponds to a growth of 0.7% (+23,000 overnight stays) compared with September 2015. Domestic visitors registered 1.6 million overnight stays, i.e. an increase of 1.0% (+16,000). Foreign visitors...

SMI The SMI is set to finish the week notably lower as investors continue to dump equities amid worries about the implications of next week’s US election, the trajectory of interest rates and mixed corporate earnings. SMI Index, November 4 - Click to enlarge Economic Data Until a week ago the market had confidently calculated a Clinton win but new FBI investigations appear to have put Trump firmly back in the...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Sterling’s recovery began before today and went through technical levels that accelerated the advance. The interest rate market did not change sufficiently to indicate a change in policy expectations. The High Court decision will be appealed. Sterling...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: US jobs data was largely in line or better than expected. The stronger earnings growth may be more important than the headline. Canada’s data was mostly disappointing. The US October jobs report as a whole was in line with expectations, and suggests a...

Unknowable Degrees of Bubble Insanity Back in February, we brought you an update on the truly insane real estate bubble in Australia (see: “Australia’s Housing Bubble – In the Grip of Insanity” for details) in the wake of Jonathan Tepper of Variant Perception reporting on an eye-opening fact-finding tour in Sydney. This rotting shack in Sydney and its tiny plot of land sold for nearly $1 million in May of 2014 – more...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Bond yields have been rising in the US and Europe since the summer. There are some country-specific considerations and some generalized factors. Anxiety over US politics has helped bonds recover some lost ground. One of the most significant market...

Submitted by Ronan Manly, BullionStar.com News has just emerged in the gold market that the giant Swiss precious metals refiner Argor-Heraeus has held discussions to be acquired, and that the likely outcome is an acquisition by a private equity group. This private equity group is believed to be London-based WRM CapInvest, part of Zurich headquartered WRM Capital. Other interested buyers are also believed to have...

Introduction by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Summary: Four central banks meet, but expectations for fresh action are low. The US latest election news does not appear to be altering the projected electoral college outcome. UK press are speculating about Carney possibly resigning. We are skeptical. The...

Newfangled “Stimulus” In time, everything goes away. We are confident, for example, that it won’t be too long before the market cracks (please don’t hold us to this forecast, but don’t forget if it turns out to be correct!). U.S. corporate profits are falling. GDP is sinking. Productivity has slumped for the longest period since the 1970s. And going by the CAPE ratio, which looks at stock prices relative to the past...

Swiss Franc Currency Index The Swiss Franc showed some improvement at the end of the week, when recovered some of the losses seen this month. Trade-weighted index Swiss Franc, October 28, 2016(see more posts on Swiss Franc Index, ) - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the currency basket) On a three...