Tag Archive: Housing

Credit Suisse Study: Swiss Real Estate Market Needs Higher Rates

2013-03-07

A new study by Credit Suisse claims that the SNB needs to hike interest rates in order to avoid excessive risk taking in real estate markets; in particular around the centers of Geneva and Zurich, but also in the Southern Swiss cantons with lower income, but high real estate prices.

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Debt, the Financial Cycle Determinant between 2011 and 2017

Between 2011 and 2017, the reduction of debt , the hunt on the rich and investment into countries with low debt will become the main rational expectation and the determinant of the next financial cycle.

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The UBS Swiss Real Estate Index in Risk Zone Again

2012-12-17

by George Dorgan

2012-12-17

The UBS Swiss real estate bubble index has reached the risk zone again.More on UBS.

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Warum die SNB nicht Hongkong, sondern Singapur imitieren wird

2012-12-11

by George Dorgan

2012-12-11

Im Gegensatz zu Hongkong mit dem USD/HKD-Peg kann die Schweiz ein Currency Board, einen fixen Kurs zum Euro nicht für Jahre durchhalten. Die Gründe auf snbchf.com

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The Big Swiss Faustian Bargain: Differences between SNB, ECB and Fed Money Printing Explained

2012-09-03

by George Dorgan

2012-09-03

In this post we show that the risks the Fed, the ECB and the Bundesbank incur are far smaller than the one the Swiss SNB takes. The Fed has “just” an inflation risk, that could cost 200 billion US$, 1.2% of US GDP. The ECB and Bundesbank have the risk that the euro zone splits … Continue reading »

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The latest bubble: Real estate in Russia

2012-06-01

by George Dorgan

2012-06-01

Still a draft, From Barnaul, Siberia, Russia Inna, 28, is a high-school teacher, she has one child. Her monthly salary is 8’500 Russian Rubel, about 257 USD. Similarly as many state employees her salary is very low. Recently the state doubled the salary of policemen and soldiers from 20’000 RUB to 40’000 RUB. A main …

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