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Follow on Google News | Watch for THIS After the Swiss SurpriseBest Selling Author Matt Golab and Chief Advisor for Aaron Matthews Financial Resources discusses Switzerland dropping the Franc-Euro connection and how it shocked the financial world.
By: THE_PR_PROS The franc has had a sorted past with the euro, after the financial crisis money poured into the franc. The franc rose about 25% against the euro which was a massive threat to the swiss economy. The Swiss National Bank began it's own monetary easing of selling francs and buying euros. It was about that time that the European Central Bank began to create it's own stimulus. The ECB set aside over a trillion euros to buy bonds from European financial markets. Releasing its tie to the euro will make the franc less attractive so they will be able to print francs and release to the market over time. There is a reality in Switzerland that is unusual to us here, it's deflation. To push people away from the franc they dropped rates into the negative range. If someone wants to deposit money into the bank they have to pay up to 1.25% interest. And yet the franc and the Swiss bank are still getting plenty of investors. This is shocking enough but there is another side to this currency coin. If you search the internet you will find plenty of compelling articles detailing the coming demise of the U.S. Dollar. It is clear that there is no end in sight to the U.S. deficit among other countless issues that threaten the dollars integrity. However, over the last few months the dollar has soared over 18% against the euro and nearly 12% against the pound. The dollar index is up almost 15% against world currencies over the last few months. Despite the shape of our balance sheets, the U.S. still looks to be in less danger than the Europeans finances, most of which can't hold up their debts without help from each other and the European Central Bank. It does not look like anything will change this course anytime soon which would push the U.S. dollar higher. Greece and other European issues will only push the dollar higher and if the Fed raises rates it could push the dollar further into the spotlight. Matt Golab Cheif Advisor at Aaron Matthews Financial Resources More about Matt: Matt Golab was recruited to write a chapter in Tom Hopkins recent book, Victory which became a National Best Seller. Matt also received the Editors Choice Award for his contribution to Victory, not every contributor is selected for this high honor. Matt is an authority on creating innovative tax and investment solutions to help his clients succeed in their retirement years. The strategies Matt Golab has established and passed on through successful financial planning with hundreds of clients over the years has launched him into the national spotlight. He is often featured in Retirement Advisor Magazine, a publication which attracts the top financial planners in the country. Matt has been featured in newspapers around the country passing on the principals for a successful retirement. Golab is often asked by national websites that focus on the education of consumers to present his knowledge on the areas of retirement and retirement income plans. Matt is frequently featured in The Wall Street Journal, CNBC, MSN Money, The San Francisco Chronicle, Newsweek, TheSmartRetiree, Burlington County Times and appeared nationwide on ABC, CBS, Fox, and NBC as well as USA Today. Matt has a weekly radio show where he discusses all aspects of retirement planning, total wealth management, and estate strategies. Through his relationship with Retirement Radio Network experts such as David Walker former Comptroller General of the United States, Harry Dent of the H.S. Dent Foundation, John Bogle of the Vanguard Funds and many more have been heard on his show Income Forever. Golab is the Author of The Consumer's Guide to Planning Your Retirement: Your Guide to Mental Peace and Financial Well Being. Matt Golab continues to expand the geographic reach of his audience and desires to bring his expertise to a nationwide television audience. Matt emphatically states his mission, “I want to change the way Americans view their retirement. They can succeed (stay retired) regardless of what happens in the market". Contact information for Matt is available at his website, http://www.aaronmatthewsfinancial.com/ Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. End
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