SNB & CHF

Remax-Schweiz-Chef Rainer Jöhl ordnet im Interview ein, was der Zinsentscheid der SNB für den Immobilienmarkt bedeutet. Wie werden sich die Preise für Schweizer Wohneigentum entwickeln, nachdem die Schweizerische Nationalbank (SNB) am Donnerstag die Zinsen erhöhte? Rainer Jöhl: Wohneigentum ist ein Investitionsgut und es muss langfristig beurteilt werden. Vier Punkte sind wichtig. Erstens: Die Geldpolitik der Nationalbank hat während der letzten Jahrzehnte zu einer...

At his last press conference, Federal Reserve Chairman Jay Powell made a bunch of unsubstantiated claims, none of which were called out or even questioned by the assembled reporters. These rituals are designed to project authority not conduct inquiry, and this one was perhaps the best representation of that intent. Powell’s job is to put the current predicament in the best possible light, starting by downplaying the current predicament. From there, to try to get the...

One day prior to the Federal Reserve raising its policy rate by a *bananas* big 75-basis point the Eurodollar Futures market moved its yield curve inversion into the next four quarters. As fast as the Fed is hiking, the market is betting it will 'imminently-ish' be cutting. Market contempt! ----EP. 251 REFERENCES---- More Data And Markets To The Idea Something (big) Changed A Couple Months Ago:...

The dramatic moves in the money market were investors discounting the acceleration of the tightening cycle among the major economies. Japan is the outlier as the central bank clings to the idea that the rise in price pressures will not be sustained. Other central bankers can talk about being data dependent, but some data are more important than others. Price data and inflation expectation measures are more important than real sector reports. Even after news of the...

According to the June 1, 2022, Financial Times, Janet Yellen, the US Treasury secretary conceded she was wrong last year about the path inflation would take. Yellen told CNN: There have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that I didn’t fully understand, but we recognize that now. To be able to say something meaningful about inflation, it is necessary to...

Senator Elizabeth Warren and President Joe Biden claim that inflation[i] is caused by greedy corporations. And they propose to solve this problem by making the corporations pay. Whether it’s extracting a “windfall profits” tax, crushing them under even more regulation, or attacking them with antitrust enforcement, the idea is the same. They propose to harm the corporations which produce the things we need such as energy and food, which will somehow cause prices to...

Huobi, eine der größten Crypto-Börsen im asiatischen Raum, wurde die Lizenz in Thailand entzogen. Huobi ist auch außerhalb Asiens eine der größeren Börsen. Die Ursache für den Lizenzentzug sind Verstöße gegen staatliche Regulierungen. Crypto News: Huobi wird Lizenz in Thailand entzogenDer Status der Börse wurde mit sofortiger Wirkung auf „nicht autorisierte“ Plattform für den Handel digitaler Assets gesetzt. Der Schritt kommt nicht vollkommen überraschend, da die...

This week we had the pleasure of welcoming Jeff Snider (Head of Global Investment Research at Alhambra Investments) and Emil Kalinowski (enterprising investor, author and host of both a talk radio show and a podcast). Together, they co-host Eurodollar University podcast and shed light on the complexities of the global monetary system. Our conversation included: - Back to basics – how the global currency and monetary systems actually work - The origins of the Eurodollar system -...

What if we told you that you could predict the future? For today’s guest, this is certainly the case when it comes to future market events. He hasn’t got a crystal ball, instead, he has nearly 300 years of historical analysis and models that have led him to the conclusion that markets operate in clear, predictable cycles. For Charles Nenner there is little point in trying to explain why something happened because it did happen and it will happen again. Charles Nenner...

Thank you very much for the invitation. I am delighted to have the opportunity to share some thoughts with you on a topic I am very much interested in and that I believe is of the utmost importance to people around the globe—and that is “the digital future of markets and money.” So let us dive right in! When I was your age, dear students, there were no cell phones, no internet, no Google, no Amazon, no Facebook, no Twitter, no TikTok, no YouTube. People did not have...