Switzerland

Tyler Durden's picture

UltraLong Bond Madness – Issuance Of 30 Year+ Maturity Debt Soars 22% In 2014





Yesterday, the Wall Street Journal published an article highlighting the surge in what it calls “ultralong” bonds, defined as having a maturity of more than 30 years. The findings are simply stunning. In what may seem counterintuitive, bond yields at hundred year plus lows in many countries has led major investment firms to rush into ever riskier and longer duration fixed income securities just to earn some income. This has opened the floodgates to governments and corporations looking to lock in low yields on debt they won’t have to pay back for a generation. Just to name a few, this year we have already seen a 100-year bond sale by Mexico, two separate 50-year bond issuances by Canada, and wait for this one, Spain of all countries is set to try to sell a 50-year bond!

 
Tyler Durden's picture

And The Next Country To Join The Renminbi Fan Club Is...





A few years ago, the definition of "strong banking" was Switzerland; now, not so much. But eager to restore some of its former banking luster, Switzerland has taken note of this and is rapidly positioning itself to become a major center of European RMB trade. Continuing to believe that the dollar is going to maintain its global reserve status is now not only foolish, but financially hazardous. To countries, businesses and individuals. Those who ignore the trend do so at their own peril.

 
Tyler Durden's picture

Key Events In The Current Week





Unlike last week's economic report deluge, this week has virtually no A-grade updates of note, with the key events being Factory Orders (exp. 0.6%), ISM non-mfg (exp. 56.5), Trade balance (Exp. -$44.9 bn), Unit Labor Costs (1.2%) and Wholesale Inventories (0.7%).

 
Tim Knight from Slope of Hope's picture

BIS Banksters Brazen Backroom Betrayals





Ten times a year, once a month except in August and October, a small group of well dressed men arrives in Basel, Switzerland.  Carrying elegant overnight bags and stylish brief cases, they discreetly check into the Euler Hotel, across from the railroad station. They come to this quiet city from places as disparate as Tokyo, Paris, Brasilia, London, and Washington, D.C., for the regular meeting of the most exclusive, secretive, and powerful supranational club in the world.

 
Tyler Durden's picture

The Panic Containment Team Speaks: Ebola Poses "Little Risk" To The US, CDC Claims: Is It Wrong?





In the aftermath of the news from the past week that at least two US citizens have been infected with the Ebola virus, a very unpleasant if nagging question has appeared: can the virus spread to the US? According to NBC, "the Ebola virus, which has infected two U.S. humanitarian workers in Liberia, is only a short plane ride from any city on Earth. But federal health officials say it’s not a big worry for most Americans." Are they wrong?

 
GoldCore's picture

Singapore Takes More Steps To Becoming Global Gold Hub





Singapore’s plans to become a gold and precious metals hub took a key step on Thursday. Jim Rogers, Jim Sinclair and Marc Faber have extolled the virtues of owning physical coins and bars in Singapore. “Individuals are making a mistake if they’re holding all their assets in one country.…I still have the majority of my gold in Switzerland, but I am already moving gold to Asia,” Faber recently said.

 
Tyler Durden's picture

De-Dollarization Spreads: Swiss & Chinese Central Banks Enter Swap Agreement





The trend of the end of the dollar hegemony continues to slowly creep through the world's financial systems (no matter how many mainstream media 'king dollar' stories we see). The Swiss National Bank and the People’s Bank of China reached a currency swap agreement this week. While this is not a huge trend changer in the near-term, it demonstrates the continued rising roled of China as the largest economy and to be the next financial capital of the world when Europe and the USA blow themselves apart with defaulting socialism.

 
Capitalist Exploits's picture

Europe – Here is What the Wealthy are Doing





Passing a European Banking stress test these days is a little like farting - easy to do, mostly hot air, and yet it typically warns of something else coming down that isn't going to be pretty

 
Tyler Durden's picture

Frontrunning: July 22





  • EU Works to Punish Russia as MH17 Bodies Leave Rebel Area (BBG)
  • Bodies From Malaysia Airlines Flight Begin Long Trip to Netherlands (WSJ)
  • Israel pounds Gaza as Kerry arrives (Reuters)
  • U.S. judge dismisses Republican lawsuit over Obamacare subsidy for Congress (Reuters)
  • Israel Soldier Missing Amid Assault on Hamas in Gaza (WSJ)
  • Detroit Retirees Vote in Favor of Pension Cuts (WSJ)
  • Russia Axes 1st Bond Sale in 3 Months as Ukraine Drives Up Yield  (BBG)
  • Wall Street Cut From Guest List for Jackson Hole Fed Meeting (BBG)
  • Credit Suisse to Exit Commodities, Posts Big Quarter Loss (BBG)
  • Draghi Cedes Euro Control to Yellen on Fed Rate Wagers (BBG)
 
GoldCore's picture

Gold, Silver, Oil, Wheat Surge After Malaysian Airliner Shot Down Over Ukraine





Gold, silver, oil and wheat (see table) surged today after confirmaton that a Malaysian passenger airliner was shot down over the Ukraine. The tragedy is set to be used by opposing sides as a stick to beat each other with and inflame an already very tense geopolitical situation. 

 
Tyler Durden's picture

Robbing Peter





“A government that robs Peter to pay Paul can always depend on the support of Paul.” – George Bernard Shaw

 
Tyler Durden's picture

Bubbles Everywhere: Krugman Wrong Again; Austrians And The BIS Are Correct





Paul Krugman is at it again – distorting or misinterpreting work by other economists to attack critics of today’s central bank driven low interest rate environment and to defend policy status quo or to push for even more stimulus.

 
Tyler Durden's picture

WTF Headline Of The Day: Blythe Masters' Ex-Husband Launches Offshored Bitcoin Hedge Fund





Blythe Masters is perhaps the most maligned human being on earth by silver investors due to suspicions of JP Morgan’s manipulation in the silver market (and rightly so). Well she’s back in the news, but it has nothing to do with silver. Rather, the news relates to the fact that her ex-husband and commodities traders, Daniel Masters, has just launched a Bitcoin hedge fund from the island of Jersey, a British Crown dependency.

 
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