SNB & CHF

Tax havens link up with a network of financial advisors and banks in numerous countries to funnel assets around the world. Copyright 2019 The Associated Press. All Rights Reserved. A new set of leaked documents, dubbed the Pandora Papers, has again exposed the role of Swiss lawyers, accountants and consultants in managing the wealth of powerful clients. The International Consortium of Investigative Journalists (ICIJ) has revealed the contents of 11.9 million tax...

Throughout the next weeks, we will regularly feature the keynote speeches held by our distinguished experts at this year’s digital Free Market Road Show.  The times we are living in – the pandemic – are times when our fundamental values are threatened maybe more than ever in modern times. More than ever in modern times because we are living not in a time of containment, with an Iron Curtain, or a Bamboo Curtain, dividing the world in two as in the Cold...

04.10.2021 – Turnover adjusted for sales days and holidays rose in the retail sector by 0.2% in nominal terms in August 2021 compared with the previous year. Seasonally adjusted, nominal turnover rose by 1.4% compared with the previous month. These are provisional findings from the Federal Statistical Office (FSO). Real turnover adjusted for sales days and holidays rose in the retail sector by 0.5% in August 2021 compared with the previous year. Real growth takes...

04.10.2021 – The consumer price index (CPI) remained stable in September 2021 compared with the previous month, remaining at 101.3 points (December 2020 = 100). Inflation was +0.9%. compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).The stability of the index compared with the previous month is the result of opposing trends that counterbalanced each other overall. Prices for clothing and footwear...

How often do you check your brokerage account? There is a famous economics paper from 1997, written by some of the giants in behavioral finance (Thaler, Kahnemann, Tversky & Schwartz), that tested what is known as myopic loss aversion. What they found was that investors who check their performance less frequently are more willing to take risk and experience higher returns. Investors who check their results frequently take less risk and perform worse. And that...

The dollar's strong upside momentum, which accelerated after the FOMC meeting, stalled in recent days.  If interest rate considerations were the key driver, the Fed funds futures strip appears to have made the necessary adjustment.  By our calculations, the September contract has a 25 bp hike fully discounted, and about a fifth of a second hike priced into the December contract.  Meanwhile, the weekly initial jobless claims have risen for three weeks through...

The Swiss Pavilion has a mirrored front and a 700-square-metre red carpet to welcome visitors Keystone / Sebstien Crettaz After eight years of planning and billions of dollars in spending, the Middle East’s first World Fair has opened in Dubai. Switzerland is participating at Expo 2020 with its own pavilion. This offers visitors “a memorable experience and showcases our country in all its diversity: from the beauty of the Swiss Alps to Switzerland’s role as a leading...

Knowledge of the effects of government interference with market prices makes us comprehend the economic causes of a momentous historical event, the decline of ancient civilization. It may be left undecided whether or not it is correct to call the economic organization of the Roman Empire capitalism. At any rate it is certain that the Roman Empire in the 2nd century, the age of the Antonines, the “good” emperors, had reached a high stage of the social division of...

Are you looking for information regarding NFT Ethereum Gas Fees? Do you want to know more about Ethereum gas fees hidden costs? Would you like to know how to avoid hidden costs while buying NFTs? Since the inception of NFTs or Non-Fungible Tokens, people are always looking forward to investing in them. Especially, after some celebrity tweets in favour of NFTs, they have got mass popularity in the USA and the other parts of the world. While the artists and collectors...

The inventory saga, planetary in its reach. As you’ve heard, American demand for goods supercharged by the federal government’s helicopter combined with a much more limited capacity to rebound in the logistics of the goods economy left a nightmare for supply chains. As we’ve been writing lately, a highly unusual maybe unprecedented inventory cycle resulted (creating “inflation”). The worse the shipping snafus, the more was ordered and piled into it – if for no...