Category Archive: 2) Swiss and European Macro
A Century Of French And Italian Economic Decline
Italy overtook Japan with the worst real GDP growth of all advanced economies since 1991 (0.79% per year, an amazing and sad distinction). Italians and French are clearly getting tired of austerity.
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The ABC of stock selection
In this video Alexandre Tavazzi, Head of Equity Research, explains the 3 key fundamentals driving efficient and rational stock selection.
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Das beeindruckende Comeback Berlusconis.
Wir sind beeindruckt von dem Leitartikel der Weltwoche, der doch ganz unserem Gedankengut entsprochen hat. Der deutsche Kanzlerkandidat Steinbrück hat der deutschen Demokratieverachtung und EU-treuen Überheblichkeit dann noch das i-Tüpfelchen hinzugefügt. “Zwei Clowns haben gewonnen.“ Von Roger Köppel, Die Weltwoche Demokratie ist, wenn es anders herauskommt, als Meinungsführer, Journalisten und tonangebende Politiker gedacht...
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Über die Arroganz und Demokratiefeindlichkeit der deutschen und Schweizer Medien
Deutsche und Schweizer Medien sind oft vereint mit den Europäischen Leadern, Deutschen Exporteuren und den Finanzmärkten im Kampf gegen den gemeinsamen Feind, Silvio Berlusconi, das Enfant Terrible, das Gegenteil der Schweizer Bescheidenheit- und “Bloss nicht zu laut”-Etikette. Berlusconi soll Schuld sein am Abstieg Italiens seit den 90igern, obwohl auch die Linke mit Romani Prodi zweimal …
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Italy: A Sustained US Recovery Will Make a Eurozone Split Up Possible
We reckon that a sustained US recovery will make it possible that the eurozone splits up. Today's Italian elections are maybe the start of an upcoming Italian euro exit.
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Heiner Flassbeck – Flassbeck Economics (Interview)
Stelle jetzt Deine Fragen an kommende Interviewpartner: http://www.tombosphere.de/?view=spam ————————————————– http://www.tombosphere.de http://www.facebook.com/tombosphere Tweets by Tombosphere Jetzt auch bei http://www.videogold.de/?s=tombosphere
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Heiner Flassbeck: Inclusion and Participation: a New Agenda for the Globalised Economy
This Globalisation Lecture was given by Heiner Flassbeck (Director on Globalization and Development Strategies, UNCTAD) at SOAS, University of London on 1 February 2012 Heiner Flassbeck obtained a Ph.D. in Economics from the Free University, Berlin in July 1987, and was appointed honorary professor at the University of Hamburg in 2005. He worked successively at …
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Switzerland’s Slow Way to Inflation
UPDATE February 2013 inflation data: The inflation figures for February showed the upwards movement we expected. On monthly basis inflation rose by 0.3%. The Swiss CPI is getting closer and closer to the one of the euro zone. We explain the January 2013 data on Swiss inflation and indicate which components drive the consumer …
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Target2 Balances and SNB Currency Reserves: Same Concept, Update February 2013
We show that Target2 imbalances and the SNB currency reserves represent the same issues, namely current account surpluses/deficits and capital flight. Therefore it makes sense to compare them, in total and by inhabitant.
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Bad News for SNB: While Target2 Imbalances Diminish, SNB Reserves Remain the Same
As we explain here, , Target2 balances and SNB currency reserves represent the same concept, namely capital flight (in a positive and negative sense) and current account imbalances. While Target2 numbers for Germany and Northern Europe go down, SNB reserves remain the same, only 3 billion CHF away from record highs.
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Bofinger: Keine guten Perspektiven für deutsche Wirtsc
Im Rahmen des Fondskongress 2013 sprach Prof. Dr. Peter Bofinger mit DAF-Moderator Christoph Damm über die konjunkturelle Lage in Deutschland. Sowohl der Gfk- als auch der Ifo-Index wiesen positive Tendenzen für die deutsche Wirtschaft aus. Außerdem wird über die Situation auf dem amerikanischen Markt diskutiert, hier zieht das Thema Fiscal Cliff noch immer negative Effekte …
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Frank Schäffler – Rede zum Altersvorsorge-Verbesserungsgesetz (31.01.2013)
Frank Schäffler spricht vor dem Deutschen Bundestag in der Debatte zur Verbesserung der steuerlichen Förderung der privaten Altersvorsorge (Altersvorsorge-Verbesserungsgesetz).
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Comparing Trade Balances with FX Rates: Will the European Miracle End?
Eurostat recently published the European exports, imports and trade balance for the first ten months of 2012 compared to 2011. These show heavy improvements for the Southern member states but also a strong dependency on a weak euro.
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Deflationary Risks? Comparing Swiss, Swedish and Norwegian Inflation and Exchange Rates
When the Swiss National Bank introduced the 1.20 lower limit, it wanted to eliminate the deflationary risks for Switzerland. For a certain period, namely when a global recession was looming in Autumn 2011, and the Swiss franc was hovering around 1.10, this risk was really present. In this post we would like to know if …
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Pictet on the sudden EUR/CHF Appreciation
While we blamed FX traders, that were waiting months for some good European news to push down the CHF, Pictet finds some more explanations.
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German Currency and Gold Reserves and the German Trade Surplus
During the Bretton Woods system, Germany managed to obtain current account surpluses. They converted these surpluses into gold. At the time they bought it at 35$ per ounce at a relatively cheap price – at the end of the 1960s the price was augmented to 42$. At the end of the 1960 and with …
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