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O que está acontecendo com o Credit Suisse?
Segue o fio e entenda.
Segue o fio e entenda.
As ações do banco Credit Suisse (#C1SU34) operam em forte queda nesta quarta-feira (15) após o principal acionista da instituição suíça, o Saudi National Bank (#SNB), da Arábia Saudita, descartar a hipótese de oferecer mais assistência financeira à instituição.
“A resposta é absolutamente não, por muitas razões além da razão mais simples, que é regulatória e estatutária”, disse o presidente do SNB, Ammar Al Khudairy, em entrevista à Bloomberg TV.
The fastest-growing developed economy in the West, the US, has just released #growth figures for Q3: 2% annualized (down from Q2 recovery of 6.7%).
[Reminder: growth<0 is #recession, low growth is #stagnation.]
It also released the corresponding #inflation of 5.7%.
#stagflation
[Reminder: growth<0 is #recession, low growth is #stagnation.]
It also released the corresponding #inflation of 5.7%.
#stagflation
Everything is temporary, depending on chosen timescale!
cnbc.com/2021/11/03/fed…
[#Fed] statement kept the word “transitory” to describe price increases that are running at a 30-year high, though it qualified the term somewhat by saying pressures are “expected to” be temporary.
cnbc.com/2021/11/03/fed…
[#Fed] statement kept the word “transitory” to describe price increases that are running at a 30-year high, though it qualified the term somewhat by saying pressures are “expected to” be temporary.
Today’s US data for Q3:
Unit labour costs (QoQ) is +8.3% (vs 1.1% in Q2).
Unit labour costs (QoQ) is +8.3% (vs 1.1% in Q2).
[THREAD] According to Bloomberg, Thomas #Jordan - the chairman of the Swiss National Bank (#SNB) - faces questions today from the supervisory board about the allegations published by @swissinfo_de on Sept 2 and the @RepublikMagazin on Sept 24 and Oct 1. Here is what they discuss:
(2/7) On Sept 2, @swissinfo_de documented the high share of men in leading positions at the #SNB (81%; #ECB: 69%, #BoE: 68%, #Fed: 57%). In 84% of all cases since 2000, the SNB promoted men to "director" or "vice director". Out of 28 promotions to director, only 3 were female.
Really interesting for us media types who have been watching to see what real-world impact, if any, this report on #SNB and #diversity will have.
One marker is, who picks it up? Today, more than a week after the piece ran, Bloomberg did. Sort of.
bloomberg.com/news/articles/…
One marker is, who picks it up? Today, more than a week after the piece ran, Bloomberg did. Sort of.
bloomberg.com/news/articles/…
On the same day as the report, 12 parliamentarians asked the #Swiss government to answer a few questions about the #SNB's culture, fair hiring, and promoting practices.
It's available here: parlament.ch/de/ratsbetrieb…
It's available here: parlament.ch/de/ratsbetrieb…
(Bloomberg somewhat misleadingly says the motion – it's not a motion, it's what called an interpellation in parliament-speak – was tabled, which in large parts of the world = suspended. It was not suspended. The government has yet to respond but is obligated to do so eventually.)
The Swiss National Bank will have its meeting today, and with Switzerland having fallen back into deflation, markets are pricing in a 30% chance for a small rate cut.
That said, the SNB already boasts the lowest rates worldwide, so it is unlikely to cut any deeper as running out of policy ammunition would risk generating a negative expectations loop. Instead, it will probably stick to huge FX interventions.
The CHF may tick higher if the SNB does not indicate any interest in rate cuts or even a thought to it, but any rally might not be sustained for long.
FULL REPORT: trackrecordasia2960.ac-page.com/mailing-list
#MakingSenseofHeadlines #MacroEconomics #TrackRecordDaily #ForexTrading #GlobalMacro #SNB
FULL REPORT: trackrecordasia2960.ac-page.com/mailing-list
#MakingSenseofHeadlines #MacroEconomics #TrackRecordDaily #ForexTrading #GlobalMacro #SNB
The #FED and all major Central Bankers in the world believe that relentless credit expansion fosters greater economic growth and full employment
The fact is Lower interest rates fosters more debt issuance
The fact is Lower interest rates fosters more debt issuance
What #FED , #SNB , #Euro and #BOJ are been doing is that when economic growth falters for any reason the first action is to push rates lower
But the fact is that there is a limit to how much debt the household, business, and government sectors of the economy can tolerate
But the fact is that there is a limit to how much debt the household, business, and government sectors of the economy can tolerate
To give an example the national #GDP of USA has grown 21X since 1969 and the total Debt including households, businesses, governments, and financials is up by 51X
Also remember aggregate economic growth comes from the sum of labour hours employed and productivity improvements
Also remember aggregate economic growth comes from the sum of labour hours employed and productivity improvements
