Tag Archives: Finance

The current monetary environment in Switzerland is as far from ordinary as can be imagined: negative interest rates (from -0.75% in the short term to -0.25% for 50Y govt bonds) and oceans of liquidity (M0 has grown to 50% of M3 from pre-crises levels of around 8%). The Swiss National Bank faces criticism because it is seen as contributing to this state of affairs. Both the critique and the counter-arguments have many facets. Let us pick just one of them: is the SNB...

(If you want to read this text in English, please use www.deepl.com – a great translation tool that uses language semantics.) Menschen werden durch unterschiedliche Motive angetrieben. Die einen sehen das höchste Glück in der Ansammlung von materiellen Werten, und andere sind von geistigen Werten angetrieben. Eine Idee kann genauso wie eine Rolex Glücksgefühle und Ansporn auslösen. Mich persönliche treiben Ideen an. Meine Ideen basieren auf Prinzipien und Werten,...

(If you want to read this text in English, please use www.deepl.com – a great translation tool that uses language semantics.) Menschen werden durch unterschiedliche Motive angetrieben. Die einen sehen das höchste Glück in der Ansammlung von materiellen Werten, und andere sind von geistigen Werten angetrieben. Eine Idee kann genauso wie eine Rolex Glücksgefühle und Ansporn auslösen. Mich persönliche treiben Ideen an. Meine Ideen basieren auf Prinzipien und Werten, welche jedem das...

Over the last few months, gold’s performance has been remarkable. Many market observers and mainstream analysts have pointed to various geopolitical developments in their efforts to explain away the bullishness as a reaction to whatever happens to be in the headlines at the time. The Trump impeachment, the US-China trade war, more recently the tensions with Iran, are all among the reasons that have been put forward so far to justify the current gold rush. And yet, while all these...

Over the last few months, gold’s performance has been remarkable. Many market observers and mainstream analysts have pointed to various geopolitical developments in their efforts to explain away the bullishness as a reaction to whatever happens to be in the headlines at the time. The Trump impeachment, the US-China trade war, more recently the tensions with Iran, are all among the reasons that have been put forward so far to justify the current gold rush. And yet,...

Interview with Christian Zulliger I have long been fascinated by the far-reaching consequences and the great potential of the wave of new technologies and ideas that emerged with the crypto revolution. While most of us first came into contact with these concepts in 2017, this tectonic shift that is only just beginning has been in the making for nearly a decade. Now, we begin to see the basic ideas and tools take shape and give rise to endless exciting possibilities...

Interview with Christian Zulliger I have long been fascinated by the far-reaching consequences and the great potential of the wave of new technologies and ideas that emerged with the crypto revolution. While most of us first came into contact with these concepts in 2017, this tectonic shift that is only just beginning has been in the making for nearly a decade. Now, we begin to see the basic ideas and tools take shape and give rise to endless exciting possibilities that can affect...

Interview with Godfrey Bloom The latest election in the UK promised to bring about a long-overdue end to the Brexit story. Getting out the EU has been a long and winding road for Britain and the multiple delays and setbacks have both infuriated and disappointed the millions of citizens who voted to Leave, by now three times already. Ever since the referendum, all (at least, foreign) eyes have been fixed on the latest Brexit updates, however, there have been other important shifts...

Christine Lagarde. Photo Credit: European Parliament On December 12, Christine Lagarde introduced her goals and vision in her first rate-setting meeting as the new President of the ECB. On the actual policy front, there were no surprises. She remained committed to the path set by her predecessor, Mario Draghi, and kept the current monetary stimulus unchanged. The central bank kept its deposit rate at the present record-low -0.5%, and pledged to continue its €20...

On December 12, Christine Lagarde introduced her goals and vision in her first rate-setting meeting as the new President of the ECB. On the actual policy front, there were no surprises. She remained committed to the path set by her predecessor, Mario Draghi, and kept the current monetary stimulus unchanged. The central bank kept its deposit rate at the present record-low -0.5%, and pledged to continue its €20 billion bond purchases every month, to the chagrin of its many critics who...