Category Archive: 3) Zurich

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Saudi Billionaires Scramble To Move Cash Offshore, Escape Asset Freeze

2017-11-16

Over the weekend, Saudi King Salman shocked the world by abruptly announcing the arrests of 11 senior princes and some 38 ministers, including Prince Al-Waleed bin Talal, the world’s sixty-first richest man and the largest shareholder in Citi, News Corp. and Twitter.

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Here Are The Cities Of The World Where “The Rent Is Too Damn High”

2017-10-01

by Tyler Durden

2017-10-01

In ancient times, like as far back as the 1990s, housing prices grew roughly inline with inflation rates because they were generally set by supply and demand forces determined by a market where buyers mostly just bought houses so they could live in them. Back in those ancient days, a more practical group of world citizens saw their homes as a place to raise a family rather that just another asset class that should be day traded to satisfy their...

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The Global Housing Bubble Is Biggest In These Cities

2017-09-30

by Tyler Durden

2017-09-30

Two years ago, when UBS looked at the world's most expensive housing markets, it found that London and Hong Kong were the only two areas exposed to bubble risk.What a difference just a couple of years makes, because in the latest report by UBS wealth Management, which compiles the bank's Global Real Estate Bubble Index, it found that eight of the world's largest cities are now subject to a massive speculative housing bubble.

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How Much Space Does $1,500 Rent In The World’s ‘Most Magnetic’ Cities?

2017-09-28

by Tyler Durden

2017-09-28

How Much Space Does $1,500 Rent In The World's 'Most Magnetic' Cities?

New Yorkers who wince every time they slip a $1,500 rent check under their super’s door should consider moving to Shanghai, or maybe Berlin. According to a new study published on RentCafe, $1,500 will buy you three times more space in Shanghai than in Los Angeles and twice as much in Frankfurt. Meanwhile, rents per square foot are five times higher in San Francisco than they are in Berlin.

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Talking Global Macro Investing With A 25-Year Market Veteran

2017-08-29

by Chris MacIntosh

2017-08-29

If you were rich, successful, and intelligent - which often, not always, go hand in hand together - where would you live?The last time I was in the Rockies, I remember thinking to myself. You know what, if it weren't for the fact it's so damn far from the beach I could actually live here. It's really quite lovely.

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Negative Rates: The New Gold Rush… For Gold Vaults

2017-06-09

by Tyler Durden

2017-06-09

Negative interest rates and the populist uprising that spurred the UK to vote for Brexit and Americans to elect Trump has helped reignite a rush into physical safe haven assets like gold and silver, which however has led to a shortage of safe venues where to store the precious metals (unlike bitcoin, gold actually has a physical dimension).

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These Are The Most Expensive (And Best) Cities Around The World

2017-05-06

by Tyler Durden

2017-05-06

Every year Deutsche Bank releases its fascinating index of real-time prices around the world which looks at the cost of goods and services from a purchase-price parity basis, to determine the most expensive - and in this year's edition, best - cities. As have done on several occasions in the past, we traditionally focus on one specific subindex: the cost of & cheap dates in the world's top cities.

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Digital Gold – For Now Caveat Emptor

2017-03-20

by GoldCore

2017-03-20

Bitcoin surpasses gold price - a psychological and arbitrary headline. Royal Mint blockchain gold asks you to trust in the UK government. Royal Canadian Mint and GoldMoney blockchain product asks you to trust in government and the technology, servers, websites etc of the providers. Invest in a gold mine using cryptocurrency - but wait until 2022 for your gold and trust the miners that it is there. Blockchain and gold will likely make a "good...

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CS and UBS Tell Wealthy Retail Clients To Buy Stocks…”Here, Can You Please Hold This Bag”

2017-03-17

by Tyler Durden

2017-03-17

Warren Buffett has frequently advised aspiring investors to take a contrarian view on markets and "be fearful when others are greedy and be greedy when others are fearful." In fact, being dismissive of the wall street 'herd mentality' has resulted in some of Buffett's most successful trades over the years including his decision to load up on bank stocks during the 'great recession'.

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Switzerland: Chocolate, Watches, And Jihad

2017-02-04

by Judith Bergman

2017-02-04

Swiss authorities are currently investigating 480 suspected jihadists in the country. "Radical imams always preached in the An-Nur Mosque... Those responsible are fanatics. It is no coincidence that so many young people from Winterthur wanted to do jihad." — Saïda Keller-Messahli, president of Forum for a Progressive Islam.

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While Davos Elites Address Populism, Just “Eight Men Own Same Wealth As Half The World”

2017-01-17

by Joseph Jankowski

2017-01-17

As political and business elite gather at the Swiss ski resort of Davos, a new report is shining light on the shocking reality of the wealth gap between the very rich and poor that is “pull our societies apart.” A report by Oxfam released ahead the World Economic Forum in Davos shows the gap between the ultra-wealthy and the poorest half of the global population is starker than previously thought, with just eight men owning as much wealth as 3.6...

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Who Has To Work The Longest To Afford An iPhone?

2016-12-13

by Tyler Durden

2016-12-13

How many hours must you work to buy a new iPhone? It varies dramatically around the world, reflecting disparities in productivity and purchasing power. According to a recent report by UBS that aims to measure well-being by estimating how many minutes workers in various countries must work to afford either an iphone, a Big Mac, a kilo of bread or a kilo of rice, the average worker in Zurich or New York can buy an iPhone 6 in under three working days.

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The Swiss Begin To Hoard Cash

2016-10-17

by Tyler Durden

2016-10-17

While subtle, the general public loss of faith in central banking has been obvious to anyone who has simply kept their eyes open: it started in Japan where in February hardware stores were reported that consumers were hoarding cash, as confirmed by t...

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