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Tag Archives: newsletter

Federer to auction clothes, rackets and other gear for charity

Top gear: The items up for auction were worn or used during important matches Keystone / Ennio Leanza Millions of Roger Federer fans around the world might be salivating at the prospect of owning some mementos of the Swiss great’s incredible career after he announced he is auctioning off a collection of personal items this summer. The 20-time Grand Slam champion, regarded by many as the greatest player ever to wield a tennis racket, is putting various items under the...

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Swiss Financial Accounts: Household wealth in 2020 and focus article

Financial and real estate wealth of households increases The Swiss National Bank is today publishing data on Q4 2020 as part of the financial accounts. Thus, household wealth data are now also available for the full year. Overall, financial assets held by households increased by CHF 108 billion to CHF 2,851 billion (up 3.9%) in 2020. High capital losses in Q1 2020 due to falling stock market prices were followed by a recovery during the remainder of the year. Both...

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“Read My Lips…” – FedSpeak Exposed

“Read my lips: No New Taxes” Bush Sr said in his acceptance speech for his nomination in 1988 when he promised no tax rises. As most politicians, he didn’t keep his word. In the 1992 campaign Clinton made a devastating attack on Bush’s pledge and the rest is history. The simple rule is: Don’t listen to WHAT people say, but HOW they say it. Already 50 years ago the Mehrabian model concluded that words only convey 7% of a message, body language accounts for 55% and...

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Astrid Frey appointed new SNB delegate for regional economic relations for Central Switzerland

With effect from 1 May 2021, Astrid Frey will take on the function of Swiss National Bank delegate for regional economic relations for the Central Switzerland region. She succeedsGregor Bäurle, who assumed the posit ion of Head of the SNB’s Regional Economic Relations unit on 1 January 2021. After concluding her studies at the University of St. Gallen, Astrid Frei worked as an economist at Bank Sarasin & Cie, after which she joined the KOF Swiss Economic...

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FX Daily, April 29: US GDP: The V

Swiss Franc The Euro has risen by 0.05% to 1.1031 EUR/CHF and USD/CHF, April 29 Source: markets.ft.com - Click to enlarge FX Rates Overview:  The market’s initial reaction to the Federal Reserve statement and the press conference was that it was dovish: the 10-year yield slipped, and the dollar was sold to new lows.  In fact, the two countries that appear to be ahead of the curve among high-income countries, Canada and Norway, saw their currencies rally to new...

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Credit Suisse plots comeback after ‘costly mistakes’ took it to the brink

Credit Suisse has recently been in the spotlight for all the wrong reasons Keystone / Peter Klaunzer As Credit Suisse executives finalised an emergency $1.9 billion (CHF1.75 billion) fundraising from investors last week, a group of the bank’s prized super-rich clients from across Europe and Asia were on a separate Zoom call hosted by law firm Boies Schiller Flexner to plot a class-action suit against the lender. The clients had been persuaded by Credit Suisse to...

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The 13 Steps of My Monthly Personal Finance Routine

(Disclosure: Some of the links below may be affiliate links) Having a personal finance routine can help save time and money! For a lot of people, having a strict routine will help them remember essential things. It is the case for me. Each month, I am following the same personal finance routine for my budget. In this article, I am going to describe the steps I am doing every month. It is great to have a routine. It helps you get more efficient, and like this, you do...

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AEC Announces Austrian Economics Conference in Vienna

10th International Conference “The Austrian School of Economics in the 21st Century” will be held in Vienna (Austria) on November 4 and 5, 2021, organized by the Austrian Economics Center and Fundación Internacional Bases. Born in the city of Rosario, Argentina, in 2006, the Conference has become a must attend event for all those interested in the Austrian School of Economics, free trade, an open economy, and a social order favorable to entrepreneurship and...

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FX Daily, April 28: Biden and Powell are Center Stage

Swiss Franc The Euro has fallen by 0.02% to 1.104 EUR/CHF and USD/CHF, April 28(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: It appears that the backing up of US yields is giving the dollar a better tone and challenging the Eurosystem, which has stepped up its bond purchases. The US 10-year yield is around 1.65%, roughly a two-week high and back above the 20-day moving average. European yields are mostly 2-4...

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The Battle Royale: Stocks vs. Bonds (Which Is Right?)

The Battle Royale: Stocks vs. Bonds. The S&P 500 is at valuations higher than those in 1929 and rival those of 1999. Despite a recession, the index is 25% above where it was trading before the pandemic. The equity stampede is undoubtedly bullish about corporate earnings prospects and, by default, economic growth. As the stock bulls party, bond investors are glum about future economic prospects. Bond yields are below where they were before the pandemic started....

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