David Kotok's picture

In the wake of Switzerland’s removing the cap on the Swiss franc’s value against the euro, debt owed by non-Swiss agents has become an emerging issue. That debt, denominated in either Swiss francs or in euros, is secured by...

Christopher Quigley's picture

I believe the decision yesterday by the Swiss Central Bank to end its pegged link to the Euro and change its interest rate to a negative .75% is as a seismic event in the history of European monetary integration.

Doug Short's picture

The Preliminary University of Michigan Consumer Sentiment for January came in at 98.1, a strong surge from last month's final reading of 93.6. This is the highest level of sentiment in eleven years. Today's sentiment level...

Danielle Park's picture

What the PHD club have forgotten or intentionally overlooked in all their learned theories, is the below chart. The bonanza of babies born after the Second World War in all the world’s most advanced, wealthiest economies...

Marc Chandler's picture

The market is still trying to make sense of yesterday's bombshell by the Swiss National Bank to abandon its franc cap, which affirmed as an integral part of the central bank's monetary policy a few short days ago.

Chris Puplava's picture

Gold and the Yen appear to be strengthening together and given how oversold both are this countertrend move could have some near-term legs to it. With the recent Swiss National Bank announcement to remove the cap to the Euro, this is also adding fuel to gold’s rally.

Michael Shedlock's picture

Saxo Bank CIO and chief economist Steen Jakobsen made a few comments the other day that hit me in the face like a bucket of ice water. Here they are again, taken from Steen Jakobsen Warns "Euro is Not a Good Idea and...

Bill Fleckenstein's picture

I don't want to make too much of today's news and market action, but on the other hand, I want to make sure to acknowledge what importance it does have and the fact that I think today will be looked back on as a red letter day...

Oil Price's picture

It would certainly be ironic if after six years of delay, rhetoric and political maneuvering, what really kills Keystone XL is the oil price, not Obama nor the environmental movement that has lobbied so hard against the project...

Sheraz Mian's picture

So far, early Q4 2014 earnings season is being eclipsed by bigger headlines elsewhere. This morning, the Swiss National Bank has made the surprise decision to remove its long-standing exchange rate of 1.20 Swiss francs to 1 euro.