Tag Archive: newsletter

City rent prices leap despite Swiss-wide vacancies rising

2020-01-28

by

2020-01-28

Rental prices in Swiss cities became markedly more expensive last year even though vacancy rates are increasing in Switzerland. The latest study from real estate portal Homegate.ch reveals the disparity between urban and rural areas.

Read More »

After November Surge, Money Supply Growth Slows in December

2020-01-28

by

2020-01-28

YoY Change in money supply, 1998-2019
The money supply growth rate rose in December slowed after a November surge of nearly six percent. During December 2019, year-over-year growth in the money supply was at 5.53 percent. That's down from November's rate of 5.9 percent, but was up from December 2018's rate of 3.90 percent. The increase in money-supply growth in December continues a sizable reversal of the trend we saw for most of 2019.

Read More »

Restructuring at Philip Morris to hit 265 jobs

2020-01-27

by

2020-01-27

Tobacco giant Philip Morris says 265 jobs in Switzerland will be affected by restructuring plans, of which almost two-thirds of posts may be transferred to other European sites. After much uncertainty and news speculation, Philip Morris (PMI) confirmed on Monday its restructuring plans at operational centres in Lausanne and Neuchâtel in French-speaking western Switzerland.

Read More »

Sharp Sell-Off on Virus Concerns

2020-01-27

by

2020-01-27

Oil and Gold Divergence, 2017-2019
Global stocks lower on virus fears, yen appreciates, and yield curves flatten. Oil prices continue to fall while gold rises. Italian assets outperform on favorable election results for ruling coalition. German IFO survey disappoints, trimming nascent green shoots.

Read More »

EM Preview for the Week Ahead

2020-01-27

by

2020-01-27

The spread of the coronavirus continues and is likely to weigh on risk assets and EM.  Most markets in Emerging Asia are closed for all or part of this week due to the Lunar New Year holiday.  China has extended the holiday until February 2 as it struggles to contain the virus. 

Read More »

Swiss Economics Minister wants to move US trade deal forward

2020-01-27

by

2020-01-27

Talks with US President Donald Trump this week at WEF were useful, says Swiss Economics Minister Guy Parmelin, who is cautiously optimistic about moving trade negotiations forward. “Trump had questions for me. He asked me about trade,” said Parmelin in an interview with the Sonntagszeitung newspaper. “I also informed him about Swiss investments in the United States.

Read More »

FX Weekly Preview: The Week Ahead and Why the FOMC Meeting may not be the Most Interesting

2020-01-27

by

2020-01-27

The week ahead is arguably the most important here at the start of 2020.  The Federal Reserve and the Bank of England meet. The US and the eurozone report initial estimates of Q4 19 GDP.  The eurozone also reports its preliminary estimate of January CPI.  China returns from the extended Lunar New Year celebration and reports its official PMI.  Japan will report December retail sales and industrial production. 

Read More »

Tether Launches Gold-Backed Stablecoin, Begins Trading On Bitfinex

2020-01-27

by

2020-01-27

Tether is now supporting a gold-backed stablecoin, Tether Gold (XAU₮), according to a Jan. 23 press release. One token represents ownership of one troy fine ounce of physical gold, currently worth approximately $1,550.

Read More »

Sollen Zentralbanken Klimapolitik betreiben?

2020-01-26

by

2020-01-26

Warum die Forderung nach einer klimafreundlichen Anlagepolitik schwierig bis gar nicht umzusetzen ist. Aufgrund ihrer extrem expansiven Geldpolitik sind sowohl die EZB als auch andere wichtige europäische Zentralbanken wie die SNB zu Grossinvestoren auf Anleihenmärkten und teilweise auch an Börsen geworden.

Read More »

Federer and world’s smallest gold coin go up for sale 

2020-01-26

by

2020-01-26

Another 37,000 coins featuring tennis star Roger Federer – the first living person to receive that honor – went on sale on Thursday, according to Swissmint. Also up for grabs is the “smallest gold coin in the world” inspired by Albert Einstein and a bimetallic coin featuring the European hare.

Read More »

“All You Need To Do Is Own Gold and Silver” To Make Money In 2020

2020-01-26

by

2020-01-26

If you want to make money from investing, it’s simple: find a bull market and go long. And in 2020 gold and silver are in a bull market. by Dominic Frisby via the UK’s best-selling financial magazine Money Week I ran into Jim Mellon at a party at the weekend, and we soon got talking about markets. One of his comments – stated with surety and simplicity – has stuck in my mind.

Read More »

Peaceful Market Exchange—Not Politics—Harnesses the Value of Diversity

2020-01-26

by

2020-01-26

That there are inherent benefits in diversity is a common article of faith in our democratic/populist times. We hear it in and about universities, businesses, politics, entertainment, etc. Typically, though, we hear about it in terms of forcing more diversity on those whose diversity in a particular dimension doesn’t measure up to someone else’s arbitrary standard.

Read More »

Wdh Devisen: Euro fällt nach EZB zu Dollar und Franken

2020-01-25

by

2020-01-25

Auch zum Franken schwächte sich die Einheitswährung ab und notierte zuletzt bei 1,0707 nach 1,0733 am Morgen. Das Währungspaar USD/CHF stieg auf 0,9699 von 0,9684 Franken. SNB-Chef Thomas Jordan hatte einmal mehr seine Position zu Negativzinsen wiederholt. Diese seien in der Schweiz eine Notwendigkeit, sagte er in einem Interview mit CNBC am Rande des Weltwirtschaftsforums in Davos.

Read More »

Swiss businesses and start-ups set record in 2019

2020-01-25

by

2020-01-25

Entrepreneurs are thriving in Switzerland, with a record number of companies launched in 2019 and unprecedented investment pumped into start-ups. Switzerland saw 44,482 companies founded last year, the highest number to date and a 3% increase on 2018, according to the Swiss Official Gazette of Commerce. Investments in start-ups also grew strongly in 2019, topping CHF2 billion ($2.06 billion) for the first time.

Read More »

Jeff Deist: The Tom Woods Interview

2020-01-25

by

2020-01-25

TOM WOODS: This is the Tom Woods Show, and today I welcome Jeff Deist. Everybody wants to know the sheer nuts and bolts of how somebody becomes Ron Paul’s chief of staff. I’ll tell a little story most people don’t know. About ten years ago, Dr. Paul was approached about doing an autobiography; he would have gotten a huge advance. There was big demand for it!

Read More »

Why “One Man, One Vote” Doesn’t Work

2020-01-25

by

2020-01-25

The US Senate is increasingly targeted by left-wing think tanks and legislators for the fact it is based on "voter inequality." According to critics, the Senate ensures small states are "overrepresented,"and the body favors voters in smaller and more sparsely populated states. In contrast,  reformers  hold up the concept of "one man, one vote" as an ideal and a solution.

Read More »

The Future of What’s Called “Capitalism”

2020-01-25

by

2020-01-25

The psychotic instability will resolve itself when the illusory officially sanctioned "capitalism" implodes. Whatever definition of capitalism you use, the current system isn't it so let's call it "capitalism" in quotes to indicate it's called "capitalism" but isn't actually classical capitalism.

Read More »

Swiss watchdog bans former bank CEO over insider trading

2020-01-24

by

2020-01-24

The Swiss Financial Market Supervisory Authority (FINMA) has banned the former chief executive officer of a Swiss bank from financial activities over a “serious case of insider trading”. FINMA also ordered the confiscation of CHF730,000 ($752,000) of “unlawfully generated profits” from the ex-CEO, whom FINMA did not name.

Read More »

FX Daily, January 24: Coronavirus Hits Asia Hardest, Europe and the US Resilient

2020-01-24

by

2020-01-24

Overview: The new coronavirus in China has moved into the vacuum left by the US-China trade agreement and clear indications that the Bank of Japan, the European Central Bank, and the Federal Reserve are on hold as investors searched for new drivers. The World Health Organization refrained from calling it a public health emergency even though China has dramatically stepped up its efforts to contain the new virus.

Read More »

Devisen: Euro bewegt sich kaum – Warten auf EZB-Entscheidungen

2020-01-24

by

2020-01-24

Auch zum Franken waren die Veränderungen zuletzt gering. Das Währungspaar EUR/CHF notierte am Mittag bei 1,0745 (Morgen: 1,0733), bei USD/CHF waren es 0,9685 (0,9684). SNB-Chef Thomas Jordan wiederholte derweil einmal mehr seine Position zu Negativzinsen. Diese seien in der Schweiz eine Notwendigkeit, sagte er in einem Interview mit CNBC am Rande des Weltwirtschaftsforums in Davos.

Read More »