Tag Archives: newslettersent

Swiss Franc Currency Index In the last week, the Swiss Franc index lost a little territory as compared to the dollar index. Finally it ended, where it started one month ago. Trade-weighted index Swiss Franc, April 08(see more posts on Swiss Franc Index, ) Source: markets.ft.com - Click to enlarge Swiss Franc Currency Index (3 years) The Swiss Franc index is the trade-weighted currency performance (see the...

The Czech National Bank (CNB) ended the EUR/CZK floor today. Timing was a little earlier than expected, but rising inflation and a robust economy warranted it.  We think it’s too soon to talk about a rate hike, as we expect the koruna to overshoot to the strong side. Policy Outlook Price pressures are rising, with CPI accelerating to 2.5% y/y in February.  March data will be reported April 10, with consensus at 2.6%...

Financially prudent individuals set aside surplus funds to protect against unforeseen expenditures. This way, when faced with loss of income, house repairs, car trouble, or anything else, they will have a buffer against unanticipated downturns. In the same vein, almost every state in the United States has established a “savings account” for government operations. Primarily to mitigate a decline in tax revenues that...

The US jobs data is notoriously difficult to accurately forecast consistently. I do not claim to do so now. My intent is more modest. It is simply to point out why I there is risk that the jobs data is disappointing, especially after the stronger than expected ADP estimate. U.S. Nonfarm Payrolls, March 2017(see more posts on U.S. Nonfarm Payrolls, ) Source: investing.com - Click to enlarge The same forces that...

© Kevinbrine | Dreamstime.com The French-Swiss group, described as “disreputable” by the Ville de Paris, will not be supplying sand to the city of Paris this summer. Paris Plages (Beaches), a project that creates temporary beaches of sand along the banks of the river Seine every summer, said it would take no more sand from LafargeHolcim because of its willingness get involved in Donald Trumps’s disastrous Mexican wall...

  Counterintuitive Moves Something odd happened late in the day in Wednesday’s trading session, which prompted a number of people to mail in comments or ask a question or two. Since we have discussed this issue previously, we decided this was a good opportunity to briefly elaborate on the topic again in these pages. A strong ADP jobs report for March was released on Wednesday, and the gold price dutifully declined...

JP Morgan’s CEO Jamie Dimon caused a stir yesterday with his 45-page annual letter to shareholders. The phrase that gained him so much widespread attention was, “there is something wrong with the US.” Dimon mentioned secular stagnation and correctly surmised it was the right idea if for the wrong reasons. He then gave his own which included a litany of globalist agenda items, including not enough access to mortgages. I...

Photo: Phillip Judd Some United Nations consultants haven’t paid taxes on their income, thinking it was exempt. When the tax authorities catch up with them they’ll risk paying back taxes and fines. As a general rule, foreign UN functionaries are not required to pay local taxes on their income. On the other hand UN consultants must. Over the weekend, Swiss broadcaster RTS, explain the details of a system misunderstood by...

– Gold, silver two of the best performing assets in the first quarter of 2017 with gains of  8% and 14% respectively – Gold outperforms benchmarks – S&P 500 up 6%, MSCI (All Country World Index) up 6.4% (see tables) – Nasdaq and German DAX rise 11.8% and 7.6% – Silver best performing currency in quarter – Five best performing currencies in Q1 are in order – silver, bitcoin, Mexican peso, Russian ruble and gold –...

Authored by Chris Hamilton via Econimica, The change in nations Core populations (25-54yr/olds) have driven economic activity for the later half of the 20th century, first upward and now downward.  The Core is the working population, the family forming population, the child bearing population, the first home buying, and the credit happy primary consumer.  Even a small increase (or contraction) in their quantity drives...