Swiss Economicblogs.org
Patrick Hunger, CEO Saxo Bank. Der 46-Jährige Jurist hatte die Funktion als CEO der Saxo Bank (Schweiz) bereits anfangs Juli interimistisch übernommen und wurde jetzt offiziell bestätigt. Der Verwaltungsrat der Saxo Bank hat an seiner Sitzung Patrick Hunger zum neuen CEO ernannt. Hunger hatte diese Funktion bereits seit Anfang Juli 2016 interimistisch ausgeübt. Patrick Hunger...
Read More »S&P 500 To Open At All Time Highs After Japan Soars, Yen Plunges On JPY10 Trillion Stimulus
Last Thursday, when we reported that Ben Bernanke was to "secretly" meet with Kuroda and Abe this week (he is said to have already met with Japan's central bank head earlier today), we said that "something big was coming" out of Japan which had "helicopter money" on the agenda. And sure enough, after a dramatic victory for Abe in Japan's upper house elections which gave his party an even greater majority, Abe announced the first hints of helicopter money when Nikkei reported, and Abe...
Read More »U.S. Futures Flat After Oil Erases Overnight Losses; Dollar In The Driver’s Seat
In another quiet overnight session, the biggest - and unexpected - macro news was the surprise monetary easing by Singapore which as previously reported moved to a 2008 crisis policy response when it adopted a "zero currency appreciation" stance as a result of its trade-based economy grinding to a halt. As Richard Breslow accurately put it, "If you need yet another stark example of the fantasy storytelling we amuse ourselves with, juxtapose today’s Monetary Authority of Singapore policy...
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