Tag Archive: newsletter

What Is the Good Entrepreneur to Do?

2020-04-06

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2020-04-06

In a January 2020 Forbes Magazine article titled “Why Doing Good Is Good For Business” clearly left out critical information: who is the good or bad entrepreneur? According to the author, good entrepreneurs are doing good if their primary objective is not to make a profit. And bad entrepreneurs are doing bad if their primary objective is to make a profit.

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ETF Investments Q&A mit Finanzfluss ?

2020-04-06

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2020-04-06

Seit nun mehr als einem Jahr mache ich regelmässig jede Woche Livestreams auf YouTube und Instagram. Für die ein oder anderen die diesen Blog länger verfolgen, ist das vielleicht etwas neues, weil ihr nur auf dem Blog unterwegs seid. Livestream jeden Sonntag um 18:00 UhrAktuell habe ich zwei fixe Livestream Slots den Dividenden Dienstag um 18:00 Uhr zusammen mit Johannes Lortz.

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Swiss watch exports predicted to fall by 25 percent in 2020

2020-04-05

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2020-04-05

The closure of shops caused by the spread of the coronavirus worldwide will cost Swiss watch firms dear, but exports are expected to rebound next year. “The Swiss watch industry will experience the largest decline in the past 50 years,” says a study published by private bank Vontobel on Wednesday.

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Helping people to breathe

2020-04-05

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2020-04-05

Production has been stepped up at a company in eastern Switzerland that makes breathing machines, as health services struggle to help a growing number of coronavirus patients. Switzerland is one of the countries most affected by the virus, with more than 17,800 positive tests and more than 488 deaths.

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When Bulls Are Over-Anxious to Catch the Rocketship Higher, This Isn’t the Bottom

2020-04-05

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2020-04-05

Apple operating income, 2006-2019
Everyone with any position in today's market will be able to say they lived through a real Bear Market. In the echo chamber of a Bull Market, there's always a reason to get bullish: the consumer is spending, housing is strong, the Fed has our back, multiples are expanding, earnings are higher, stock buybacks will push valuations up, and so on, in an essentially endless parade of self-referential reasons to buy, buy, buy and ride the rocketship...

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The Bureaucrats Can’t Fix This

2020-04-05

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2020-04-05

In the midst of the emerging economic chaos triggered by the COVID-19 coronavirus, individuals are seeking answers from governments as to how to prevent the emerging economic disaster. Most economic experts are sympathetic to this and are urging the authorities to push massive injections of money. Thus in the US the central bank has embarked on a $2 trillion stimulus.

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FINMA veröffentlicht Geschäftsbericht 2019

2020-04-04

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2020-04-04

Die Eidgenössische Finanzmarktaufsicht FINMA veröffentlicht heute ihren Geschäftsbericht 2019. Dieser umfasst neben dem rückblickenden Jahresbericht auch die Jahresrechnung. Weiter stellt die FINMA ab heute neu Angaben zu den Enforcementfällen in einer Datenbank sowie Statistiken als Excel-Dokument auf ihrer Webseite zur Verfügung.

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Around 20,000 healthcare workers seek partial unemployment benefits

2020-04-04

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2020-04-04

With the ban on non-emergency surgeries and other procedures, some hospitals and medical practices are applying for partial unemployment support for at least 20,000 healthcare workers. On Thursday, the German language paper TagesAnzeiger reported that due to the social distancing restrictions and ban on non-urgent medical procedures in response to the Covid-19 pandemic, some doctors and other healthcare professionals don’t have enough work.

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Swiss commodities sector grapples with Covid-19 turbulence

2020-04-04

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2020-04-04

The strategic importance of commodities and experience in handling fluctuations has helped commodity firms weather the coronavirus storm better than most. swissinfo.ch caught up with Florence Schurch, general secretary of The Swiss Trading and Shipping Association (STSA), to find out how the commodities sector is handling the crisis and what it means for Switzerland.

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Swiss regulator cracks down on fraudulent crypto activities

2020-04-04

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2020-04-04

Switzerland’s financial regulator brought charges against eight “initial coin offering” (ICO) blockchain projects for breaching anti-money laundering rules last year. ICOs raise money from the public by selling digital tokens that promise to hold future value for the consumer.

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FX Daily, April 03: Oil Firm, Greenback Extends Gains

2020-04-03

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2020-04-03

Overview:  Global equities are finishing the week on a soggy tone despite the 2%+ gains seen in the US yesterday. The extension of shutdowns, rising contagion and fatality rate, and imploding economies weigh on prices. In Asia, Korea and Indonesia bucked the trend to most minor gains.  Europe is giving back yesterday's gains, and the Dow Jones Stoxx 600 is nearly flat on the week.

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GBPCHF Strengthens on News That COVID-19 Spread Appears to Be Slowing

2020-04-03

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2020-04-03

The pound continued to strengthen against the Swiss franc yesterday following the news that the UK’s current lockdown situation appears to be slowing the spread of COVID-19, causing a 0.85% movement in GBPCHF exchange rates throughout the day.

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Coronavirus: Swiss tourism expected to lose 6.4 billion francs

2020-04-03

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2020-04-03

Tourism is one of the sectors hardest hit by the coronavirus and the response to it. Figures from a study by HES-SO Valais published by the newspaper Blick suggest the industry will see revenues in Switzerland drop 18%, or CHF 6.4 billion, in 2020.

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Businesses reach out to people at home

2020-04-03

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2020-04-03

While most businesses have temporarily shut down, others are starting up or finding new ways to reach the public in their homes. Some Swiss farm shops, like Thierry Miauton'sexternal link in Oleyres, canton Fribourg, are delivering local produce to people’s doorsteps, so the clients don’t have to risk possible contact with virus-contaminated shoppers in supermarkets.

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April Monthly

2020-04-03

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2020-04-03

In March,  the G10 and many emerging market countries, governments, and central banks unveiled large emergency measures.  The motivation is to blunt the economic impact of the novel coronavirus that has seen more than two billion people around the world have their movement restricted. Large swathes of the world's economy have shut down. 

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Banks Or (euro)Dollars? That Is The (only) Question

2020-04-03

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2020-04-03

UST Yields & Money Alternates, 2007-2009
It used to be that at each quarter’s end the repo rate would rise often quite far. You may recall the end of 2018, following a wave of global liquidations and curve collapsing when the GC rate (UST) skyrocketed to 5.149%, nearly 300 bps above the RRP “floor.” Chalked up to nothing more than 2a7 or “too many” Treasuries, it was to be ignored as the Fed at that point was still forecasting inflation and rate hikes.

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Dollar Bid as Market Sentiment Worsens

2020-04-03

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2020-04-03

The virus news stream out of Europe has improved a bit. The US is already taking about the next relief bill; the Fed continues to roll out measures to address dollar funding issues. ADP and ISM manufacturing PMI are the US data highlights. Regulators across Europe are asking banks to stop paying dividends; eurozone and UK reported final manufacturing PMIs.

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The Crisis Has Exposed the Damage Done By Government Regulations

2020-04-03

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2020-04-03

As we watch in real-time how governments respond to the novel coronavirus pandemic, some of the most predictable forms of state overreach—from restrictions on the freedom of assembly to the suppression of regular commerce—have been rolled out. Thankfully, there is no unified world government, so there exist various examples of how certain countries are dealing with the crisis that we can closely examine and learn from.

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FX Daily, April 2: Optimism on Oil Deal Steadies Risk Appetites…for the Moment

2020-04-02

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2020-04-02

Overview: After US stocks dropped more than 4% yesterday, investor sentiment has improved, apparently sparked by ideas that the pain will force oil producers to find a way to reduce supply. Oil prices have surged, with the May WTI contract rallying around 7%. Asia Pacific equities were mostly higher, with Japan and Australia the notable exceptions.

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Swiss Consumer Price Index in March 2020: -0.5 percent YoY, +0.1 percent MoM

2020-04-02

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2020-04-02

Switzerland Consumer Price Index (CPI) YoY, March 2020
02.04.2020 - The consumer price index (CPI) increased by 0.1% in March 2020 compared with the previous month, reaching 101.7 points (December 2015 = 100). Inflation was –0.5% compared with the same month of the previous year. These are the results of the Federal Statistical Office (FSO).

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