SNB & CHF

The Václav Klaus Institute urging the Czech Government to reject the dangerous Ursula von der Leyen´s plan It is rather rare that I share articles on my channel that are not from my own pen. The following article is therefore an exception and for good reason. It is written by none other than the former President of the Czech Republic Václav Klaus, with whom I have a long-standing relationship, based on great respect and many shared values. The arguments he presents...

Swiss Franc The Euro has risen by 0.32% to 1.0698 EUR/CHF and USD/CHF, June 12(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The nearly three-month rally in risk assets ended with high drama with a stomach-churning almost 6% slide in the S&P 500 yesterday. Follow-through selling was seen in the Asia Pacific region, but most markets recovered from their lows, and although losses were still recorded, the...

Even with big sales, prices on Zurich’s Bahnhofstrasse are still some of the highest in the world © Keystone / Walter Bieri Three Swiss cities – Zurich, Bern and Geneva – are among the ten most expensive in the world for expatriates, according to the annual Cost of Living survey by consultants Mercer. Hong Kong remains at the top of the list of 209 countries for the third year in a row. Six of the top ten are in Asia, three in Switzerland and one in the United...

(Disclosure: Some of the links below may be affiliate links) Having a side hustle is a great thing to increase your income. But you need to be careful about doing it legally. If your side hustle is getting serious, you need to make sure you are respecting the law. If you are just selling a few things you do not need anymore, you probably will not have any problem. But if you have a side hustle that generating a more serious amount of money, you need to do it right....

Today’s risk off price action appears to have been triggered by profit-taking; the dollar has gotten some traction The Fed expanded its Main Street Loan Program to include more businesses; the jobs rebound has removed a sense of urgency regarding the next round of fiscal stimulus Some minor US data will be seen today; Mexico reports May CPI Germany reported weak April trade and current account data; there were two important developments in Turkey today Japan reported...

Have we entered a new bull market? Was the 35% pullback in the S&P 500 in March the fastest bear market in history? Or is this just a continuation of the bull market that started in 2009, interrupted by a rather large correction? Bull markets and bear markets are about behavior, about the human emotions of fear and greed. While we got a brief bout of fear in March, greed has since overwhelmed all sense, common and otherwise. What we’re seeing in the casino…er,...

Key Takeaways and Actionable Insights Innovation is one of the keys to business success. The world is changing at such a pace, and your customers’ preferences are changing so fast, that your business has to change at the same speed, or even faster. How to keep up is a part of the entrepreneurial challenge. Mark Packard has a big insight about how entrepreneurs manage innovation. Producers don’t innovate. Customers do. That may sound a little odd, but Mark’s Value...

Since the beginning of the year, the corona crisis has monopolized news coverage to the extent that a lot of very important stories and developments either went underreported or were ignored altogether. One such example was the very surprising ruling that came out of the German Constitutional Court in early May, which challenged the actions and remit of the European Central Bank (ECB). In essence, the court’s decision made it clear that the ECB’s quantitative easing...