Monthly Archive: January 2013

Yearly Swiss Doomsaying and Swissmem’s Control over the Swiss National Bank

2013-01-11

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2013-01-11

Structure of the Swiss economy
  The same as every year in December/January: Swiss media and economists are doomsaying. This time they claim that the banking industry and the UBS job losses will bring Switzerland into trouble. Once again they do not understand that the Great Recession was only to a small part a banking crisis, but it was mostly a … Continue reading »

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ZKB may introduce negative interest rates for ordinary savers

2013-01-11

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2013-01-11

ZKB negative interest rate
After UBS and CS introduced negative interest rates for big clearing accounts, ZKB changes general conditions for a potential introduction of negative rates even for ordinary savers. Time to get in contact with Geneva cash storing warehouses? More about the ZKB move on

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Nokia investment provides SNB 10 million profit

2013-01-11

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2013-01-11

Nokia Connecting people
Recently we reported on SNB losses of 1.85 bil. CHF in just one day and on our estimate of 5 bil. CHF loss in Q4/2012. But now good news:  the SNB made a profit of 10 million on Nokia - i.e. 0.2% of the Q4 loss reversed. More on

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Swiss Public Discussion Switched from Floor to Housing Bubble

2013-01-10

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2013-01-10

Swiss real estate bubble since 2002
Why there is no real estate bubble in Switzerland yet and why the SNB will help to create one   With the current recovery in the United States the discussion in Switzerland switched from a discussion about the EUR/CHF floor to the Swiss real estate boom, the so-called “housing bubble”. It seems that the Swiss …

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Will Switzerland finally get hit by eurozone woes?

2013-01-04

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2013-01-04

Guardian Ambrose Evans-Pritchard
Switzerland and Japan are currently the leaders in currency manipulation, now even in front of the Fed and far ahead of the leader until 2009, China. Hear the interview with Guardian's Ambrose Evans-Pritchard on World Radio Switzerland.

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