SNB & CHF

Whining and complaining about inequality is a growth industry. Thomas Piketty’s book (or perhaps a large virtue-signaling paperweight), about how the rich are getting richer, achieved bestseller status and is now a movie. Understanding the flaws in the wealth inequality argument is increasingly important, because the communist wing of the Democratic Party is now openly advocating a wealth tax. In this article I will explain why measures of wealth inequality...

(Disclosure: Some of the links below may be affiliate links) When you are investing, you want to minimize your investing fees. It is something most people already realize. But what most people do not realize is how expensive fees can be in the long-term. In this article, we are going to see precisely how much investing fees are hurting you! Not only will we see that they are more expensive than they seem. We will also see that investing fees have a significant...

Here they are again, seemingly at odds over how to proceed. Reminiscent of prior battles over whether to revive the economy or just let it go where it will, it appears as if China is in for Xi vs. Li Round 2. Or is it all just clever politics? Li Keqiang may be nominally the Chinese Premier but he’s a very distant second on every list of power players. Xi Jinping holds all the top spots, including a 2017-18 consolidation of power that left Xi rivaling only Mao in...

APN Lodge Brand Content Writer Anna Mason is back again as host of #TeamTuesday! This week she's joined by Social Media Specialist Keith Weiner! Keith is the man behind the scenes of the All Points North Lodge social media content and marketing. We're taking a peek at Keith's life before APN Lodge and the path that led him to join our high caliber team of talented and dedicated health care professionals. Did you know Keith got his start in Los Angeles working in television!? Devour all the...

APN Lodge Brand Content Writer Anna Mason is back again as host of #TeamTuesday! This week she's joined by Social Media Specialist Keith Weiner! Keith is the man behind the scenes of the All Points North Lodge social media content and marketing. We're taking a peek at Keith's life before APN Lodge and the path that led him to join our high caliber team of talented and dedicated health care professionals. Did you know Keith got his start in Los Angeles working in television!? Devour all the...

Achiko says its Cayman issues only came to light after listing in Switzerland. Keystone / Georgios Kefalas Cayman Islands fintech company Achiko has run into “compliance issues” just months after listing on the Swiss stock exchange. The firm has called a meeting of shareholders this week to approve a plan to create a Swiss company and re-list the shares from this entity. But some shareholders are upset that they will not be able to cast their votes the annual general...

Swiss Franc The Euro has fallen by 0.39% to 1.0704 EUR/CHF and USD/CHF, June 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Shortly after the US stock market opened sharply lower, the Federal Reserve announced that it’s Main Street facility was up and running. US stocks never looked back. After the S&P 500 recouped its full decline, the Fed announced it would begin buying corporate bonds. Up until now,...

15.06.2020 – In 2019, supplementary accommodation posted a total of 16.7 million overnight stays, i.e. an increase of 0.7% compared with 2018. With 11.4 million units, Swiss visitors represented more than two-thirds of demand (68.6%), i.e. a rise of 2.4%. Foreign visitors registered a 2.8% decrease with 5.2 million units. With 4.4 million overnight stays (-3.8%), European visitors accounted for the majority of stays by foreign guests. These are the final results from...

Jerome Powell Market volatility has suddenly spiked in recent days came after the Federal Reserve vowed last Wednesday to keep its benchmark rate near zero through 2022. That’s an unusually long period for the Fed to be projecting rate policy. It reflects the fact that it will take many months and perhaps years for the tens of millions of jobs that were recently lost to return. During his press conference, Chairman Powell stumbled and stammered his way into stating...

Printing Until the Cows Come Home… It started out with Jay Powell planting a happy little money tree in 2019 to keep the repo market from suffering a terminal seizure. This essentially led to a restoration of the status quo ante “QT” (the mythical beast known as “quantitative tightening” that was briefly glimpsed in 2018/19). Thus the roach motel theory of QE was confirmed: once a central bank resorts to QE, a return to “standard monetary policy” becomes...