Tag Archive: newsletter

SNB belässt Leitzins unverändert und stärkt die Banken

2020-03-22

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2020-03-22

Die Schweizerische Nationalbank (SNB) belässt ihren Leitzins sowie den Zins auf Sichtguthaben bei -0,75%, wie sie am Donnerstag im Rahmen der geldpolitischen Lagebeurteilung mitteilte. Sie interveniert verstärkt am Devisenmarkt, um zur Stabilisierung der Lage beizutragen.

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Coronavirus: estimating the death toll in Switzerland

2020-03-22

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2020-03-22

COVID-19 has hit the world fast and we are racing to understand it, while struggling to come to terms with its deadly impact. When trying to estimate the impact, it is tempting to take the current number of deaths and divide it by the number of reported cases. However, the resulting percentage is meaningless.

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‘We will come through this together’

2020-03-22

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2020-03-22

The upheaval caused by the coronavirus, Covid-19, is all around us. And I know many are anxious, worried and confused. That’s absolutely natural. We are facing a health threat unlike any other in our lifetimes. Meanwhile, the virus is spreading, the danger is growing, and our health systems, economies and day-to-day lives are being severely tested.

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No, Technology Shocks Aren’t Behind Recurring Business Cycles

2020-03-22

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2020-03-22

Economic fluctuations, also known as business cycles, are seen as being driven by mysterious forces that are difficult to identify. Finn Kydland and Edward C. Prescott (KP), the 2004 Nobel laureates in economics, decided to attempt to find out what these forces were.1 They hypothesized that technology shocks are a major factor behind economic fluctuations and demonstrated that a technology-induced shock can explain 70 percent of the fluctuations in...

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Swiss central bank resists temptation to reduce interest rates

2020-03-21

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2020-03-21

The Swiss National Bank (SNB) has kept interest rates unchanged at -0.75% but is easing the burden on commercial banks. The SNB said on Thursday that it is also intervening on the foreign exchange markets to keep the franc from appreciating too far, too fast.

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Shortage of hospital beds in Ticino as virus toll rises

2020-03-21

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2020-03-21

The Swiss health authorities have raised alarm over the limited care facilities in one of its regions hardest hit by the coronavirus epidemic. “The situation in Ticino is dramatic,” said Daniel Koch of the Federal Office of Public Health at a news conference on Thursday.

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Banks lobby regulators to relax post-crisis rules

2020-03-21

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2020-03-21

The global banking industry is demanding regulators relax or delay a raft of post-crisis rules on everything from capital and liquidity to accounting and climate change, which they argue are hampering their ability to respond to the coronavirus crisis.

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Stagnation Never Looked So Good: A Peak Ahead

2020-03-21

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2020-03-21

Germany ZEW Financial Market Survey, 2006-2020
Forward-looking data is starting to trickle in. Germany has been a main area of interest for us right from the beginning, and by beginning I mean Euro$ #4 rather than just COVID-19. What has happened to the German economy has ended up happening everywhere else, a true bellwether especially manufacturing and industry.

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Auf einmal habe gefühlt alle Investoren ihre Eier verloren? ??

2020-03-21

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2020-03-21

An der Börse wirds heiss und die Panik verbreitet sich, Panikverkäufe sind mittlerweile an der Tagesordnung. Wir können bereits von einem Crash sprechen, ausgelöst vom Coronavirus. Es ist für viele so auch mich der erste Crash den wir aktiv investiert miterleben. Wir müssen diese Situation nutzen um möglichst viel zu lernen. Was ist mit den Investoren los?

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A crisis is a terrible thing to waste – Part I

2020-03-21

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2020-03-21

“You never want a serious crisis to go to waste. And what I mean by that, it’s an opportunity to do things you think you could not do before.” -Rahm Emanuel, Barack Obama’s Chief of Staff from 2009 to 2010. Only a couple of weeks ago, if anyone told you that your entire country would be basically shutting down, that events and public gatherings would be outlawed, that you’d be looking at empty shelves in your local supermarket and that the global...

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Monetary policy assessment of 19 March 2020

2020-03-20

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2020-03-20

SNB Switzerland Conditional Inflation Forecast, March 2020
Swiss National Bank maintains expansionary monetary policy, raises negative interest exemption threshold, and is examining additional steps. Coronavirus is posing exceptionally large challenges for Switzerland, both socially and economically. Uncertainty has risen considerably worldwide, and the outlook both for the global economy and for Switzerland has worsened markedly.

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Geldpolitik – Trotz Corona-Krise: Schweizerische Nationalbank lässt Leitzins unverändert

2020-03-20

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2020-03-20

Die Schweizerische Nationalbank belässt den Leitzins auf dem seit mehr fünf Jahren geltenden Rekordtief von minus 0,75 Prozent. Das gab die SNB am Donnerstag nach ihrer geldpolitischen Lagebeurteilung bekannt. Das dreiköpfige SNB-Direktorium um Notenbankchef Thomas Jordan setzt neben den Negativzinsen auf Eingriffe am Devisenmarkt, um einer starken Aufwertung des Franken entgegenzusteuern. Auf diese Interventionen will die SNB verstärkt...

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SNB hat 2019 wieder stärker am Devisenmarkt interveniert

2020-03-20

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2020-03-20

Die SNB hat 2019 wieder mehr Fremdwährungen gekauft.Die Schweizerische Nationalbank (SNB) hat im vergangen Jahr Fremdwährungen im Gegenwert von insgesamt 13,2 Mrd. Franken gekauft, wie sie in ihrem am Donnerstag veröffentlichten Geschäftsbericht 2019 schreibt. Das ist eine deutliche Zunahme gegenüber dem Vorjahr, in dem lediglich 2,3 Mrd. Franken für Devisenkäufe aufgewendet wurden.

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Aplanando la economía «por el virus»

2020-03-20

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2020-03-20

Escribo esto el 18 de marzo, después de haber visto un cambio de 180 grados en la forma de pensar sobre las enfermedades contagiosas. Anteriormente, poníamos a los enfermos en cuarentena y respetamos el derecho de los sanos a seguir con sus vidas. Ahora estamos al borde de la ley marcial. En nuestro afán por combatir el coronavirus, estamos cerrando los viajes, las reuniones públicas, los restaurantes, etc.

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Coronavirus catches managers off guard

2020-03-20

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2020-03-20

The coronavirus has laid bare the fragilities and complex dependencies generated by globalisation. American-Swiss professor Suzanne de Treville, a specialist in helping firms relocate their industrial activities to the west, hopes that this crisis will trigger some major soul-searching.

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Dollar Firm, Markets Unsettled Despite Aggressive Policy Responses Worldwide

2020-03-20

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2020-03-20

Credit Risk Rising, 2019-2020
Markets remain unsettled even as policymakers worldwide continue to take aggressive emergency measures; the dollar continues to power higher. Fed rolled out another crisis-era program last night; US Senate passed the House virus relief bill by a 90-8 vote. ECB held an emergency call last night and announced an additional bond purchase program to the tune of €750 bln that now includes commercial paper.

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Government Is No Match for the Coronavirus

2020-03-20

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2020-03-20

The coronavirus is reminding everyone that you cannot rely on government and that ultimately it is the private sector that will provide the solutions. Many nonmedical government officials and members of the media are predicting massive cases of COVID-19 and death, when in fact no one can predict the outcome.

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FX Daily, March 19: ECB’s Bazooka Support Bonds but not the Euro

2020-03-19

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2020-03-19

Overview: It is not just that the dollar soared while stocks and bonds continued to plunge. The dollar's strength is, in effect, a powerful short-covering rally. It was used to fund a great part of the global circuit of capital. The circuit of capital is in reverse now, and the funding currency is being bought back. The dollar's strength is a function of the sell-off of other assets.

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Kauf von Omega Healthcare Investors – Im Aktien Crash fröhlich Einkaufen ? ?

2020-03-19

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2020-03-19

Es geht weiter bergab im Depot und am Aktienmarkt. Ich kaufe regelmässig nach, komme was wolle. Ich nutze die Gelegenheit, um Omega Healthcare Investors günstig aufzustocken und habe mir 100 Aktien gekauft. Jetzt besitze ich insgesamt 200 Stück. Hier geht’s übrigens zum letzten Aktien Kauf Swiss Re. Kauf von Omega Healthcare InvestorsIch lasse mich von der Marktlage nicht von meiner Strategie abbringen.

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