Tag Archives: newsletter

“You never want a serious crisis to go to waste. And what I mean by that, it’s an opportunity to do things you think you could not do before.” -Rahm Emanuel, Barack Obama’s Chief of Staff from 2009 to 2010. Only a couple of weeks ago, if anyone told you that your entire country would be basically shutting down, that events and public gatherings would be outlawed, that you’d be looking at empty shelves in your local supermarket and that the global stock market would...

Swiss Franc The Euro has fallen by 0.08% to 1.0531 EUR/CHF and USD/CHF, March 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Dramatic price action continues but in the other direction.  Stocks and bonds have rallied strongly, and the US dollar is snapping a strong advance with a sharp and broad setback. The immediate trigger is hard to identify. Some accounts linking it to fears that the California shutdown...

Swiss National Bank maintains expansionary monetary policy, raises negative interest exemption threshold, and is examining additional steps Coronavirus is posing exceptionally large challenges for Switzerland, both socially and economically. Uncertainty has risen considerably worldwide, and the outlook both for the global economy and for Switzerland has worsened markedly. The Swiss franc is even more highly valued, and the world’s financial markets are under strong...

Die Schweizerische Nationalbank belässt den Leitzins auf dem seit mehr fünf Jahren geltenden Rekordtief von minus 0,75 Prozent. Das gab die SNB am Donnerstag nach ihrer geldpolitischen Lagebeurteilung bekannt. Das dreiköpfige SNB-Direktorium um Notenbankchef Thomas Jordan setzt neben den Negativzinsen auf Eingriffe am Devisenmarkt, um einer starken Aufwertung des Franken entgegenzusteuern. Auf diese Interventionen will die SNB verstärkt setzen. Der Franken gilt unter...

Die SNB hat 2019 wieder mehr Fremdwährungen gekauft. Die Schweizerische Nationalbank (SNB) hat im vergangen Jahr Fremdwährungen im Gegenwert von insgesamt 13,2 Mrd. Franken gekauft, wie sie in ihrem am Donnerstag veröffentlichten Geschäftsbericht 2019 schreibt. Das ist eine deutliche Zunahme gegenüber dem Vorjahr, in dem lediglich 2,3 Mrd. Franken für Devisenkäufe aufgewendet wurden. Grund für die verstärkte Intervention war der sich ab Mai 2019 wieder deutlich...

Escribo esto el 18 de marzo, después de haber visto un cambio de 180 grados en la forma de pensar sobre las enfermedades contagiosas. Anteriormente, poníamos a los enfermos en cuarentena y respetamos el derecho de los sanos a seguir con sus vidas. Ahora estamos al borde de la ley marcial. En nuestro afán por combatir el coronavirus, estamos cerrando los viajes, las reuniones públicas, los restaurantes, etc. Así es como se ve un pánico masivo. Sin mencionar que ya...

Last week, the Swiss stock exchanges experienced their worst fall since the financial crisis of 2008 (Keystone / Arne Dedert) The coronavirus has laid bare the fragilities and complex dependencies generated by globalisation. American-Swiss professor Suzanne de Treville, a specialist in helping firms relocate their industrial activities to the west, hopes that this crisis will trigger some major soul-searching. Covid-19 is on the verge of bringing the world economy to...

Markets remain unsettled even as policymakers worldwide continue to take aggressive emergency measures; the dollar continues to power higher Fed rolled out another crisis-era program last night; US Senate passed the House virus relief bill by a 90-8 vote ECB held an emergency call last night and announced an additional bond purchase program to the tune of €750 bln that now includes commercial paper SNB kept rates steady at -0.75% as expected; BOJ continues to flood...

We have just reached a new bear market due to the fears of the coronavirus pandemic. The chances are that this is your first bear market. And the chances are that you are freaking out. Today, I want to cover how to invest in a bear market and what to do when a bear market strikes. But first of all, you should focus on your health with this coronavirus. I hope you and your family are healthy! Money is useless if we are not in good health to enjoy it! Make sure you...

The coronavirus is reminding everyone that you cannot rely on government and that ultimately it is the private sector that will provide the solutions. Many nonmedical government officials and members of the media are predicting massive cases of COVID-19 and death, when in fact no one can predict the outcome. What we do know is that government has created a full-blown national panic, when at this point the normal flu season is far more deadly. Decentralization is...