Tag Archives: Featured

In the third quarter of 2020, the current account surplus amounted to CHF 9 billion, CHF 3 billion less than in the same quarter of 2019. This decline was particularly due to the lower receipts surplus in trade in goods and services. In the case of the goods trade, the decline was attributable to gold trading. This decrease was curbed by the expenses surplus for primary and secondary income, which decreased compared to Q3 2019. In the financial account, reported...

Die Initiative gegen die Personenfreizügigkeit verlangt, dass die Schweiz ihre Zuwanderung selbst regelt. Was genau bringen ausländische Arbeitskräfte einem Land? Und welche Risiken sind mit der Zuwanderung verbunden? Die Zuwanderung schadet heute der Schweiz mehr, als dass sie ihr nützt, ist Reiner Eichenberger, Professor für Wirtschaftspolitik an der Universität Freiburg, überzeugt. Die Schweizer Bevölkerung wachse jedes Jahr um etwa ein Prozent. Das bringe noch...

Swiss president Guy Parmelin According to RTS, Guy Parmelin, Switzerland’s president since 1 January 2021, told the newspaper SonntagsBlick, that between July and September the government underestimated the pandemic. “We thought we could contain the virus but in reality we were far from doing so”, he said. Not only politicians but also many specialists were surprised by the sudden and rapid rise of Covid-19 cases. In addition, the president said that coordination...

Wow, it has been a heckuva year! One thought leads to another on this sunny-but-cool January 1. Having watched a few seasons of Forged in Fire, I’ve gained an appreciation of how difficult it is to pound and grind a lump of steel into a blade, even with power tools. There are many ways for it to go wrong. And “wrong” generally means catastrophic failure—a crack in the metal that will cause it to break into pieces when hit. That led to thoughts regarding an...

Over the 4 days to 4 January 2020, Switzerland’s Federal Office of Public Health (FOPH) reported  9,665 new cases and 189 deaths bringing Switzerland’s Covid-19 death toll to 7,831 (confirmed 7,271). On 4 January 2021, Switzerland’s 14-day infection rate was 540 per 100,000. Over the last 4 days, 63,665 tests were conducted with test positivity of 15%. The number of tests conducted over the last 4 days is less than half the number conducted over the prior 4 days....

Former Swiss National Bank Chairman Philipp Hildebrand, who has been nominated to lead the Organisation for Economic Cooperation and Development (OECD), says the Paris-based organisation can play a key role in the area of green investment. In his first wide-ranging interview since the former central bank chairman was nominated as a candidate for the OECD, Hildebrand told SonntagsZeitung that he saw three key priorities for the Paris-based organisation: fighting...

Swiss Franc The Euro has fallen by 0.06% to 1.0821 EUR/CHF and USD/CHF, January 4(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: The first day of the New Year, but it feels a lot like last year. The dollar is under pressure, and equities are higher. Outside of Japan and Malaysia, The MSCI Asia Pacific Index extended last week’s 3.6% gain. It has not rallied for seven consecutive sessions. Led by mining and...

It might not feel like a New Year, as the pandemic continues to ravage most countries. On top of the human toll, the economic fallout will continue to depress activity in the first part of 2021.  However, policymakers throughout the G7 provided more stimulus in late 2020 and extended many emergency facilities well into the New Year.  This will help cushion the blow and help facilitate a stronger recovery later in the year. The two Senate seats in Georgia being...

One of the dishes at the banquet of consequences that will surprise a great many revelers is the systemic failure of the Federal Reserve’s one-size-fits-all “solution” to every spot of bother: print another trillion dollars and give it to rapacious financiers and corporations. Though 2020 is widely perceived as “the worst year ever,” it was only a snack. The real banquet of consequences will be served in 2021. The reason 2020 was only a snack is that systems...

INTERVIEW WITH H.S.H. PRINCE MICHAEL OF LIECHTENSTEIN – Part I of II As we’re preparing to leave 2020 behind, a year that will most likely feature prominently in future history books, it is hard to look back on all that has happened without a sense of apprehension and uncertainty over what lies ahead. A lot has changed, economically, socially and politically, and those changes and challenges are unlikely to subside in the year to come. Whether they have paved the...