Swiss Central Bank Just Sent a MASSIVE Warning to the World

Swiss shock - again. Now fearing outright deflation and over the next six months, SNB pulls the trigger on a fifty. Back in March, amidst the "sticky" "inflation" freakout, when the SNB was the first central bank to begin cutting rates it was a warning to other central bankers and the rest of the world what was coming wasn't more "inflation." OPEC concurs.

Eurodollar University's Money & Macro Analysis

WEBINAR REPLAY, w/SPECIAL GUEST JIM RICKARDS

SNB policy statement

CNBC Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength

Chair Jerome H. Powell
At the "Conference on Monetary Policy Strategy, Tools, and Communications Practices" sponsored by the Federal Reserve, Federal Reserve Bank of Chicago, Chicago, Illinois

Bloomberg Franc Drop Seen Short-Lived With SNB Running Out of Room to Cut

Bloomberg OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast

CNBC OPEC+ oil output delay a ‘reality check’ as group eyes demand, U.S. outlook, Saudi energy min says

[eurodollaruniversity]

WEBINAR REPLAY, w/SPECIAL GUEST JIM RICKARDS

[cryptolyst]

I live in switzerland. My health insurance goes up 22% next year. Electricity 15%. Groceries also. Not sure where they are getting 0.2% from. It's bogus.

[Ohmygodbruh]

In Switzerland we have inflation since few years and rates published by bank do not show real prices increases

[disklamer]

I love how all the financial institutions and banks and governments forever are like:
"Whatever could be done to avoid a crash? It is nigh impossible to avoid!"
Meanwhile firmly leaning on the accelerator while fiddling with the wiper stalk and the air control.
"Whatever you do, don't lay off the accelerator, and definitely do not hit the brakes!" can be heard from the back seat "We are in a hurry to own absolutely everything! We are playing monopoly with the entire planet and have to make it around the board first!"

[pgress]

No prices are going down, especially not consumer price. Not even in Switzerland.

[joyner]

Switzerland is one of the safest countries in the world, both in daily life and in terms of legal security.
that is why international capital is flowing into the country,
the Swiss franc is one of the hardest fiat currencies due to the strong economy,
the SNB is trying to weaken the Swiss franc by cutting interest rates in order to support exports, especially to the euro area, and of course the aim is to boost housing construction, as housing is scarce and rents are high due to immigration.
Zurich is one of the most expensive cities in the world

[frmcf]

Very, very anecdotally: Where I live (elsewhere in Europe) we are heading for some deflation risk as well. People are seeing prices and shrinkflation and choosing not to consume. Nobody wants to buy a car at these prices and I've seen people pick up a bag of chips, look at the price on the shelf, feel the weight, and put it back. At Xmas markets as well, people are consuming less, choosing not to have that second beer or mulled wine. Vendors will have to cut prices to recover their turnover at some point. Next year could be better for consumer prices, but tough for corporate profits.

[Joelewis]

All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.

[Maybe-You-Know-Me-Not]

Central bankers should consider themselves equal to healthcare CEO’s.
Not a threat just thinking they ruin just as many lives if not everyone’s.

[b-music]

The president of the SNB actually didn't name the real cause for the 0.5% cut which in fact is the historically low Euro to Swiss Francs exchange rate which more and more threatens the country's export industry. By putting a bunch of other reasons for the cut he avoided to get this a topic in the media again

[tealkerberus]

The tradition of manipulating interest rates to control inflation depends on the inflation being controlled by the actions of people who have debt: middle income families with a mortgage or a small business loan. That is currently not the case.
When inflation is controlled by the actions of the rich, who have vastly more investments than debts, raising interest rates gives them even more money to spend on inflationary behaviours. The way to control that is to raise the top marginal tax rates .. which politicians are remarkably unwilling to do.

[Bravestandalone]

I should have married my girlfriend Rebecca and stayed in Zurich, Switzerland instead of coming back to US (LA) - it was total disaster being here!

[MetePinar-vk]

You called it a month ago and now XAI600K is blowing up glad I listened

[canadist]

also restricting Swiss cross border shopping in Germany by new lower daily declaration amount starting next month. This has been going down for a while now. Things are expensive in CH

[Conteslegendesautremonde]

I'm in Switzerland. I guarantee you. Nothing is going down in term of price... 😂😂😂 Never did and never will... Our local "Obama Care" goes UP at a 6% rate every year since 30 years... Geneva that is our local blue state just increased yearly tax on private vehiclues by 100% or more depending of which category...

[JohnLandau-rggh]

Difficult as it was to bring about price deflation in the 1930s, it is far more difficult now. Nearly all the governments in the world are constantly printing more money and engaging in deficit spending, which is highly inflationary. Deflation won't happen until the world economy collapses completely, which will cause vast amounts of money to simply disappear.

[londondisc]

In the 1980 s and 1990 s every economic problem resulted in Central bankers raising interest rates. After Alan Greenspan now Central bankers do the very opposite. Making credit cheap has created havoc with world economies for 2 decades.

[stephanhueffer]

OPEC reduced the numbers of global demand as major players as India, China etc. switched to buy from Russia directly. What we observe is a shift from US$ as the leading currency towards various (experimental) alternatives within BRICS that already surpassed G7 economies. Ideed nobody knows realistic numbers but in the EU and US we still observe local inflation.

[inancEmine]

Just saw your videos and bought XAI600K up 24% today talk about

[ThếLongNguyễn-us]

This video made me realize many important issues!