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SNB & CHF

Alchemy Rediscovered by Research Scientist, Report 1 April

“The Medievals were smarter than most people think,” says Dr. Michael Mus. “I mean, sure, they tortured people for believing that the sun was the center of our solar system, and they burned witches at the stake. But they knew a thing or two about gold.” Picture of Dr. Michael Mus Dr. Mus is working to perfect a method of turning lead and other base metals into gold. He says he is so close, that he will only need one more grant from the King government. Then he says,...

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FX Daily, April 1: Hemorrhaging Resumes

Swiss Franc The Euro has fallen by 0.29% to 1.0566 EUR/CHF and USD/CHF, April 1(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: There is no reprieve for investors. Equities are falling sharply. Nearly all the Asia Pacific markets slumped but Australia. Chinese markets fared better than most, but the Nikkei was off 4.5%, and India was down almost as much in late dealings. Europe’s Dow Jones Stoxx 600 is off more...

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FINMA-Aufsichtsmitteilung: Befristete Erleichterungen für Banken infolge der COVID-19-Krise

Mit der FINMA-Aufsichtsmitteilung 02/2020 gibt die Eidgenössische Finanzmarktaufsicht FINMA den Banken Präzisierungen zur Behandlung der bundesgarantierten COVID-19-Kredite im Rahmen der Eigenmittel- und Liquiditätsvorschriften, zu befristeten Erleichterungen bei der Leverage Ratio und bei den Risikoverteilungsvorschriften. Ferner informiert die FINMA zum Expected-Credit-Loss-Ansatz nach IFRS 9 und dessen Anwendung im Kontext der COVID-19-Krise. Ausschüttung von...

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UBS: Does Anyone Know What Is Happening?

Does anyone know what is happening? Economic data is likely to become increasingly unreliable as a result of the coronavirus lockdown. We know the global economy will be bad. We will not know, with much accuracy, just how bad. Annualizing data is absurd in the current climate. What happens in the second quarter is not going to be repeated for the rest  of the year. Time to stop annualizing numbers. Most economic data is survey based. Industrial production, some...

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Coronavirus: deciding who gets a ventilator

© Sudok1 | Dreamstime.com By 31 March 2020, there were around 326 Covid-19 patients in intensive care and 228 on ventilators in Switzerland. It is estimated that there are around 750 ventilators across the country. If the health system reaches overload, medical professionals in Switzerland might be forced to make the kinds of difficult decisions being made in neighbouring France and Italy. According to RTS, some patients have been transferred to Switzerland from...

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