Tag Archives: SNB

Third banknote in latest series showcases Switzerland’s organisational talent - Click to enlarge The Swiss National Bank (SNB) will begin issuing the new 10-franc note on 18 October 2017. Following the 50-franc and 20-franc notes, it is the third of six denominations in the new banknote series to be released. The current eighth-series banknotes will remain legal tender until further notice. The inspiration behind...

Urs Birchler In ungefähr einem Jahr kommt die Vollgeld-Initiative (VGI) an die Urne. Sie zielt auf eine grundlegende Reform unserer Geldordnung. Die Argumente der Befürworter und Gegner klaffen entsprechend weit auseinander. Angesichts der polarisierten Diskussion und der teils technischen Materie haben Jean-Charles Rochet und ich versucht, einen sachlichen und auch für ein breiteres Publikum gut verständlichen Leitfaden zu schreiben. Ein paar kleinere Beiträge sind hier auf Batz.ch schon...

It has now been 318 trading days since the S&P 500 suffered a 5% drawdown – the 4th-longest streak since 1928… So everything is awesome… [embedded content] BUT…US ‘hard’ economic data has not been this weak (and seen the biggest drop) since Feb 2009… US Data Surprise Index, 2006 - 2017 - Click to enlarge Q3 Was a Roller-Coaster… Q3 was the 8th straight quarterly gain in a row for The Dow – the longest streak...

Q2/2017 Change vs. Q2/2016 Changein % Current Account +18.7 bn. +19.4 bn. -3.7% of which Goods Trade net +19.6 bn. +19.2 bn. +2.0% of which Services Trade net +4.1 bn. +4.7 bn. -14.6% of which Investment Income net +7.4 bn. +9.6 bn. -29.7% Financial Account +12.5 bn. +6.0 bn. +52% of which Direct Investments net -63.0 bn. +6.4 bn. -89.8% of which Portfolio Investments net +26.5 bn. -0.5 bn. +98.1% of...

The price of shares in The Swiss National Bank is up 11 days in a row, soaring 150% in the last two months. SNB Stock Price, 2010 - 2017(see more posts on Swiss National Bank Stock, ) - Click to enlarge That sounds like a ‘tulip’ bubble-like ‘fraud’… Bitcoin and SNB, 2013 - 2017(see more posts on Bitcoin, Swiss National Bank Stock, ) - Click to enlarge The SNB is up over 120% in Q3 so far – more than double...

“Like watching paint dry,” is how The Fed describes the beginning of the end of its experiment with massively inflating its balance sheet to save the world. As former fund manager Richard Breslow notes, however, Yellen’s decision today means the risk-suppression boot is on the other foot (or feet) of The SNB, The ECB, and The BoJ; as he writes, “have no fear, The SNB knows what it’s doing.” As we reported previously, In...

A week ago we tweeted… Dear @SNB_BNS_en – you are the next bitcoin: congratulations pic.twitter.com/cld4YNbNLb — zerohedge (@zerohedge) September 14, 2017 But as Bitcoin rebounded from its China challenges, it overtook The SNB once again as bubbliest bubble. However, a 13% spike in the share price of The Swiss National Bank today has put an end to that leaving the central bank back in first place among the...

A day after Bridgewater Associates Founder Ray Dalio claimed that bitcoin was “definitely in a bubble” partly because he said the digital currency was too difficult to spend, CoinTelegraph is reporting that the first-ever bitcoin-only real-estate transaction has been completed in Texas. The transaction “illustrates crypto’s potential to transform how financial transactions are conducted,” according to Futurism.com. The...

Swiss National Bank leaves expansionary monetary policy unchanged The Swiss National Bank (SNB) is maintaining its expansionary monetary policy, with the aim of stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is to remain at –0.75% and the target range for the three-month Libor is unchanged at between –1.25% and –0.25%. The SNB will remain active in the foreign...

While the broader market for Swiss stocks has risen modestly this year, one ‘entity’ has outperformed its peers by such a staggering margin, it has left bamboozled market experts struggling for an explanation. And that company is…the Swiss National Bank. The price of a share in Swiss National Bank in August rose above 3,000 francs ($3,143) for the first time, more than double the level of a year ago, and up 50% since...