Tag Archives: Switzerland

This is an extract and summary from “New Gold Pool at the BIS Basle, Switzerland: Part 1” which was first published on the BullionStar.com website in mid-May. Part 2 of the series titled “New Gold Pool at the BIS Basle: Part 2 – Pool vs Gold for Oil” is also posted now on the BullionStar.com website. “In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday,...

The Credit Suisse economists are leaving their quarterly growth forecast for the Swiss economy in 2017 unchanged at 1.5 percent. For 2018 they expect growth to accelerate slightly to 1.7 percent, according to the latest issue of "Monitor Switzerland." Inflation is likely to be 0.5 percent in both years....

On VoxEU, Stefan Gerlach reviews the case for tilting Phillips curves in Switzerland. Previous research had suggested that the Swiss Phillips curve had steepened in the second half of the 20th century. Gerlach estimates a Phillips curve model that includes lagged inflation, an output gap measure, and a measure of import price inflation. His model suggests several structural breaks: The first structural break occurs in 1936-37. The estimated Phillips curves indicate that inflation became...

The Economist reports about a study by Annette Alstadsæter, Niels Johannesen and Gabriel Zucman who matched leaked information from Swiss banks and Panamanian shell companies with Scandinavian wealth records. Their findings: Tax evasion is progressive. The average / top 1% / top 0.01% Scandinavian household paid 3% / 10% / 30% fewer taxes than it should. Accordingly, estimates of wealth inequality (based on tax data) likely underestimate the degree of inequality.

In the NZZ, Hansueli Schöchli reports about further steps by UBS, the Swiss bank, to prepare for the next financial crisis. In the future, a legally independent service unit—UBS Business Solutions AG—provides other business units with critical internal services, including payments, trading systems as well as legal services. A “Master Service Agreement” specifies that the service unit remains operative even if other business units fail. Die UBS vollzieht nun einen weiteren Schritt. Sie...

In the United States, a crazed racist is currently facing murder charges for stabbing multiple men who attempted to stop him from harassing two teenage girls. In a court appearance, he justified his murder of two Americans, one a military veteran, by citing “free speech.” On the other end of the spectrum, in Switzerland, a man was just convicted of liking Facebook comments that implied the plaintiff was racist,...

Whether or not San Francisco Fed President John Williams is right about US inflation and employment being about as close to the central bank’s targets as investors have seen – as he told CNBC two days ago – is irrelevant: The central bank is going to raise interest rates two more times this year no matter what happens to consumer prices, says Credit Suisse Chief Investment Officer for Switzerland Burkhard Varnholt....

In the NZZ, Christian Speicher summarizes expected consequences of climate change for Switzerland by 2050–2060. Mean temperatures exceed the 1980–2009 average by 1.6–2.9 degrees Celsius. The temperature increase is more pronounced in Summer than in Winter. But ski resorts below 2000m are no longer competitive. Less precipitation in Summer, maybe more in Winter. More extreme weather events. Increased need for water storage and conservation.

Authored by Carey Wedler via TheAntiMedia.org, In the United States, a crazed racist is currently facing murder charges for stabbing multiple men who attempted to stop him from harassing two teenage girls. In a court appearance, he justified his murder of two Americans, one a military veteran, by citing “free speech.” On the other end of the spectrum, in Switzerland, a man was just convicted of liking Facebook comments that implied the plaintiff was racist, highlighting the...

Our new brochure illustrates how Credit Suisse has been committed to Switzerland in a variety of ways for 161 years.  Switzerland is a model of economic, political and social success. The new Credit Suisse (Switzerland) Ltd., a subsidiary of Credit Suisse, demonstrates our strong commitment to our...