Tags » Swiss National Bank

What have negative interest-rates done to and for Switzerland?

This morning has seen the latest missive from the Swiss National Bank which reminds us that Switzerland is one of the leaders of the pack of the world of negative interest-rates. 1,265 more words

General Economics

St. Louis Fed Slams Draghi, Kuroda - "Negative Rates Are Taxes In Sheep's Clothing"

“At the end of the day, negative interest rates are taxes in sheep’s clothing. Few economists would ever claim that raising taxes on households will stimulate spending. 758 more words

How many central banks will turn into hedge funds?

One of the under appreciated consequences of all the monetary easing and intervention that has gone on in the world since the credit crunch is the impact on central banks themselves. 1,584 more words

General Economics

Switzerland Follows Iceland in Declaring War Against the Banksters (Link)

The activist group Swiss Sovereign Money, also known as the Vollgeld Initiative, is trying to stop private Swiss banks from creating currency. “They’ll only be able to lend money that they have from savers or other banks.” The petition for a national referendum has been approved! 414 more words

International

Economist 12/29/15

  1. LAST month Kai Krause, a computer-graphics guru, caused a stir with a map entitled “The True Size of Africa”, which showed the outlines of other countries crammed into the outline of the African continent.
  2. 773 more words

How to make money

Banks make money by creating it. By making money, I don’t mean that they earn it through fees and interest. And I don’t mean that they print it either  –that’s the job of the Canadian Bank Note Company. 486 more words

Economics

Foreign Exchange: Swiss Miss

When the Swiss National Bank (SNB) intervened to weaken its currency in 2011, analysts called the subsequent abrupt drop in the franc’s value a “20-standard-deviation move”. 639 more words

Economy