Stefan Kreuzkamp, Chef-Anlagestratege der Deutschen AM. Stefan Kreuzkamp, Chef-Anlagestratege der Deutschen Asset Management, sagt, dass die Deutsche AM ihre Erwartungen an Wirtschaftswachstum und Kapitalmarkterträge für 2017 nicht allzu hoch hängen würde. Eine Rezession in den grossen Wirtschaftsregionen befürchte man allerdings auch nicht. Optimistisch, aber nicht euphorisch – so...
Read More »Former CEO Of UBS And Credit Suisse: “Central Banks Are Past The Point Of No Return, It Will All End In A Crash”
Remember when bashing central banks and predicting financial collapse as a result of monetary manipulation and intervention was considered “fake news” within the “serious” financial community, disseminated by fringe blogs? Good times. In an interview with Swiss Sonntags Blick titled appropriately enough “A Recession Is Sometimes Necessary“, the former CEO of UBS and Credit Suisse, Oswald Grübel, lashed out by...
Read More »Trumpflation Takes A Breather As Global Stocks Rise, Oil Jumps On Renewed OPEC “Deal Optimism”
With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; Italian equities underperformed ahead of the Italian referendum; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro....
Read More »Former CEO Of UBS And Credit Suisse: “Central Banks Are Past The Point Of No Return, It Will All End In A Crash”
Remember when bashing central banks and predicting financial collapse as a result of monetary manipulation and intervention was considered "fake news" within the "serious" financial community, disseminated by fringe blogs? Good times. In an interview with Swiss Sonntags Blick titled appropriately enough "A Recession Is Sometimes Necessary", the former CEO of UBS and Credit Suisse, Oswald Grübel, lashed out by criticizing the growing strength of central banks and their ‘supremacy over the...
Read More »FX Daily, November 07: Dollar Stabilizing After Bounce
Comment on Swiss Franc by George Dorgan My articles About meMy booksFollow on:TwitterFacebookGoogle +YoutubeSeeking AlphaCFA SocietyLinkedINEconomicBlogs Swiss Franc EUR/CHF - Euro Swiss Franc, November 07 (see more posts on EUR/CHF, ). - Click to enlarge FX Rates The DAX also gapped lower before the weekend and gapped higher today. It is stalling just ahead of the earlier gap from last week...
Read More »UBS reports drop in wealth profit as Ermotti lowers costs
© Hai Huy Ton That | Dreamstime.com - Click to enlarge UBS Group AG Chief Executive Officer Sergio Ermotti pledged to continue cost cuts after profit at the wealth-management business fell and the securities unit was hurt by a slump in equities trading. Pretax profit rose 11 percent to 877 million Swiss francs ($883 million) from 788 million francs a year earlier on lower expenses, the Zurich-based bank said in a...
Read More »FX Daily, October 27: Rising Yields Continue to be the Main Driver
Swiss Franc EUR/CHF - Euro Swiss Franc, October 27(see more posts on EUR/CHF, ). - Click to enlarge GBP/CHF rates have levelled out over the past couple of weeks following some heavy losses earlier this month. The Pound crashed following UK Prime Minister Theresa May’s comments regarding the triggering of Article 50 early next year. Whilst we knew this was coming the timeline was shrouded in uncertainty and the...
Read More »Great Graphic: Italian Banks and a German Bank
Summary: DB and Italian bank stocks have been moving in tandem. They suffer from fundamentally different problems. The euro has been selling off as the bank shares rebound. European banks may not be the main driver of the investment climate, but their challenges are not resolved. Investors have focused on two country’s banks recently. Germany’s Deutsche Bank and Italian banks more generally. This Great...
Read More »A Looming Banking Crisis – Is a Perfect Storm About to Hit?
Andy Duncan Interviews Claudio Grass Andy Duncan of FinLingo.com has interviewed our friend Claudio Grass, managing director of Global Gold in Switzerland. Below is a transcript excerpting the main parts of the first section of the interview on the problems in the European banking system and what measures might be taken if push were to come to shove. Andy Duncan of FinLingo.com (left) and Claudio Grass of Global...
Read More »A Looming Banking Crisis – Is a Perfect Storm About to Hit?
Andy Duncan Interviews Claudio Grass Andy Duncan of FinLingo.com has interviewed our friend Claudio Grass, managing director of Global Gold in Switzerland. Below is a transcript excerpting the main parts of the first section of the interview on the problems in the European banking system and what measures might be taken if push were to come to shove. Andy Duncan of FinLingo.com (left) and Claudio Grass of Global...
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