Monthly Archive: March 2022

Blockchain heavyweights leverage Swiss start-ups for growth

2022-03-21

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2022-03-21

Switzerland is anchoring the European and Middle East expansion of one of the world’s fastest growing cryptocurrency exchanges. The Bermuda-based FTX group is building its regional headquarters on the foundations of a small, yet successful, Swiss company that was established just two years ago. Like many projects I encounter in “Crypto Nation” SwitzerlandExternal link, Digital Assets came together in rapid time, surfing on the rising value of...

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Wolters Kluwer Partners NYDIG to Roll Out Bitcoin Regulatory Risk Assessment

2022-03-20

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2022-03-20

Wolters Kluwer Compliance Solutions has collaborated with Bitcoin company NYDIG to launch the Bitcoin Risk Assessment. The Risk Assessment evaluates a financial institution’s control environment related to its participation in the NYDIG Bitcoin platform.

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The West’s Russia Sanctions Could Lead to Many Unpredictable and Unpleasant Outcomes

2022-03-20

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2022-03-20

Global supply shocks are historically rare events. All the more extraordinary to have two such shocks in quick succession—the second arriving even before the first has entirely faded away. That is what the world now experiences in the form of the Great Pandemic followed by the Great West-Russia economic war. The most visible symptom of the supply disruption is the sky-high price of energy and a range of other commodities.

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‘Swiss neutrality is one of the foundations of our partnership with NATO’

2022-03-20

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2022-03-20

Against the backdrop of the war in Ukraine, the Swiss ambassador to NATO, Philippe Brandt, explains the importance of Switzerland’s partnership with the alliance, which he views as perfectly compatible with Swiss neutrality.

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Baby Boomer Retirement at Risk

2022-03-20

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2022-03-20

The seven deadliest words in the English language—We’ve never done it this way before. And that certainly applies to Baby Boomers whose prospects for retirement are different than any preceding generation.

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Binance in Ontario nicht mehr verfügbar

2022-03-19

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2022-03-19

Allerdings hat es nichts mit dem Freedom Convoy zu tun, der Kanada zuletzt auf die Titelseiten brachte. Die kanadische Provinz Ontario hatte schon letztes Jahr neue Regulierungen angekündigt, die auch Crypto-Börsen betreffen. Nun hat Binance veröffentlicht, diese Regulierungen nicht erfüllen zu können; stattdessen zieht man sich komplett aus der Provinz zurück.

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Governments “Sanction” Their Own Citizens Every Day. The Russia Sanctions Are Just a Natural Evolution.

2022-03-19

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2022-03-19

Russian president Vladimir Putin’s invasion of Ukraine in the last week of February 2022 was the culmination of decades of transnational statist expansion.

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Swiss Institute in New York appoints new director

2022-03-19

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2022-03-19

German-born Stefanie Hessler, 35, will head the Swiss art space starting in May. Her appointment is part of several rearrangements in institutions run by the pharma billionaire Maja Hoffmann.

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Stell dir vor, Russland führt Krieg gegen die Ukraine und Ludwig von Mises lebte noch in Lemberg/Lwiw

2022-03-19

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2022-03-19

Stell dir vor, Ludwig von Mises wäre nicht Jahrgang 1881, sondern Jahrgang 1981. Er wäre dann nicht vor 140 Jahren am 29. September 1881, sondern erst vor 40 Jahren am 29. September 1981 geboren worden – zehn Jahre vor dem Ende der Sowjetunion. Seine Geburtsstadt hieße dann nicht Lemberg, sondern Lwiw, und sein Geburtsland hieße dann nicht Österreichisch-Ungarische Monarchie, sondern Ukrainische Sozialistische Sowjetrepublik.

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Trading with the Enemy: An American Tradition

2022-03-19

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2022-03-19

During the French and Indian War (1754–1763), Americans continued the great tradition of trading with the enemy, and even more readily than before. As in King George's War, Newport took the lead; other vital centers were New York and Philadelphia.

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Media Attention All Over FOMC, Market Attention Totally Elsewhere

2022-03-19

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2022-03-19

The Federal Reserve did something today, or actually announced today that it will do something as of tomorrow. And since we’re all conditioned to believe this is the biggest thing ever, I’ll have to add my own $0.02 (in eurodollars, of course, can’t be bank reserves) frustratingly contributing to the very ritual I’m committed to seeing end.We shouldn’t care much about the Fed.

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Patents, Legal Monopolies, and the High Prices for Drugs

2022-03-18

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2022-03-18

Currently, 63 percent of American adults are on prescription drugs, according to a 2021 survey. Of this 63 percent of Americans, 26 percent say they have difficulty affording their prescriptions. Despite the prices of prescription drugs falling in recent years, an increasing number of Americans are concerned about high drug costs and demanding action be taken, 88 percent saying they want it to be easier for generic drugs to enter the market.

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Swiss companies’ balancing act with Russia

2022-03-18

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2022-03-18

Big consumer brands are leaving Russia in droves but for many Swiss companies untangling ties isn’t that easy.  Jessica covers the good, the bad, and the ugly when it comes to big global companies and their impact in Switzerland and abroad. She’s always looking for a Swiss connection with her native San Francisco and will happily discuss why her hometown has produced some of the greatest innovations but can’t seem to solve its housing crisis.

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There Is An Absolutely Solid Collateral Case For What’s Driving Curve Inversion(s) [Part 2]

2022-03-18

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2022-03-18

Securities lending as standard practice is incredibly complicated, and for many the process can be counterintuitive. With numerous different players contributing various pieces across a wide array of financial possibilities, not to mention the whole expanse of global geography, collateral for collateral swaps have gone largely unnoticed by even mainstream Economics and central banking.

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Swiss Trade Balance February 2022: chemicals-pharma propels exports to a record level

2022-03-18

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2022-03-18

Switzerland Trade Balance, February 2022
In February 2022, seasonally adjusted exports jumped 15.4% – after their setback in the previous two months – while imports fell 2.9%. The output boom was driven by the strength of chemicals and pharmaceuticals. For the first time, the trade balance surplus passed the 5 billion franc mark.

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The Fed Has No Idea What’s Coming Next!

2022-03-18

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2022-03-18

We will let you know what we are doing once we know what we are doing was the message from the Federal Reserve statement and Chair Powell’s press conference that followed.

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Indien kündigt digitale Rupie für 2022/2023 an

2022-03-17

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2022-03-17

Indien ist schon des Öfteren in die Schlagzeilen geraten, wenn es um Cryptocoins geht. Doch trotz zahlreicher Verbotsankündigungen und Restriktionen blieb der Markt bis jetzt offiziell unreguliert. Dies soll sich nun ändern, während die Regierung gleichzeitig eine digitale Version der nationalen Fiat-Währung angekündigt hat.

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FX Daily, March 17: Investors are Skeptical that the Fed can Achieve a Soft-Landing. Can the BOE do Better?

2022-03-17

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2022-03-17

EUR/CHF and USD/CHF, March 17
Overview:  The markets continue to digest the implications of yesterday's Fed move and Beijing's signals of more economic supportive efforts as the Bank of England's move awaited.  The US 5–10-year curve is straddling inversion and the 2-10 curve has flattened as the Fed moves from one horn of the dilemma (behind the inflation curve) to the other horn (recession fears).  Asia Pacific equities extended yesterday's surge.  The Hang Seng led the...

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How Much is the Gold Cube Worth?

2022-03-17

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2022-03-17

Here at Monetary Metals we love providing investors with A Yield on Gold, Paid in Gold®. So when we heard that German artist Niclas Castello designed a 186 kilogram pure 24-karat gold cube called the “Castello Cube” as an art installation in the middle of Central Park we couldn’t help but start doing a little math on Mr. Castello’s art piece.

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Swiss economic prospects for 2022 dampened but not decimated

2022-03-17

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2022-03-17

The Swiss economics ministry has downgraded its growth forecast for 2022 due to the war in Ukraine. But it still predicts a solid post-pandemic upswing.

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