The Swiss KOF economic institute doesn't see a rosy 2015 for Switzerland after the SNB jumped ship from EUR/CHF at 1.20
Naturally they highlight the effects of the currency move on exports and expect them to fall 1.4% this year. They say there will be no immediate shocks to growth as companies will produce for stock in lieu of weaker demand from abroad but that production will be reined in from Q2 leading to a short recession through the summer. They estimate GDP falling by 0.5% in 2015 as a whole.
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Add rising unemployment and prices falling further and they says that business investment will become restrained and tax revenues will fall. Private consumption should hold up initially but could fall if the private sector start shedding jobs and overall income and wage slumps
Not a pretty picture for the Swiss and if the economy tanks then Mr Jordan is going to see his popularity fall further
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.