Tag Archives: SNB

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 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...

L’Eurosystem fait sauter les frontières nationales et unifie le système du trafic de paiement… Lors des échanges commerciaux et interbancaires, il y a des banques émettrices de monnaie et vis-à-vis une banque réceptrice. Normalement, à la fin de la journée, tout cela devrait être ramené à l’équilibre. Ceci n’est plus le cas depuis la crise américaine de 2007 (subprimes) comme nous le voyons sur le graphique...

Remember when bashing central banks and predicting financial collapse as a result of monetary manipulation and intervention was considered “fake news” within the “serious” financial community, disseminated by fringe blogs? Good times. In an interview with Swiss Sonntags Blick titled appropriately enough “A Recession Is Sometimes Necessary“, the former CEO of UBS and Credit Suisse, Oswald Grübel, lashed out by...

Headlines Week November 18, 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 wages. According to Lars Christensen Trumpeconomics is also about monetary stimulus: Trump would...

Letzte Woche gab die Schweizerische Nationalbank (SNB) bekannt, dass sie für dieses Geschäftsjahr eine Milliarde Franken an Bund und Kantone ausschütten wird. Von der Presse wird dies unterschiedlich interpretiert. Einerseits nimmt man mit Genugtuung zur Kenntnis, dass die SNB überhaupt eine Milliarde ausschütten kann. Andererseits wird mit Blick auf drohendes negatives Eigenkapital der SNB gewarnt, diese müsse...

Submitted by Gordon T Long via MATASII.com, President-Elect Trump may have just unwittingly sowed the seed of an equity market draw-down which will send even more protesters into the streets of America. Donald Trump’s stated economic policies are clearly pro-growth and if he manages to implement his pro-business, anti-regulation agenda, in  the longer term they have the potential to surpass the bold and successful...

Investec Switzerland. Today, the Swiss National Bank (SNB) announced a new agreement with the Federal Department of Finance, to pay the Swiss confederation and cantons CHF 1 billion per year, as was previously the case. The deal will run from 2016 to 2020, according to an official press release. © Phillip Judd The deal differs from the past because it requires shortfall payments. In years when the SNB doesn’t have enough reserves, the payment can be reduced and any shortfall...

The Federal Department of Finance (FDF) and the Swiss National Bank (SNB) have signed a new agreement regarding the SNB’s profit distribution for 2016 to 2020. Subject to a positive distribution reserve, the SNB will in future pay CHF 1 billion p.a. to the Confederation and cantons, as was previously the case. In future, however, omitted distributions will be compensated for in subsequent years if the distribution...

Submitted by John Rubino via DollarCollapse.com, At first, the idea of central banks intervening in the equity markets was probably seen even by its fans as a temporary measure. But that’s not how government power grabs work. Control once acquired is hard for politicians and their bureaucrats to give up. Which means recent events are completely predictable: SNB’s U.S. Stock Holdings Hit $62.4 Billion...