Tag Archive: Swiss real estate

Swiss Franc History 1986-1996: Swiss real estate Boom and Bust

chf dem jpy usd
A critical Swiss franc history: This chapter describes the most controversial episode in the Swiss monetary history: How the Swiss National Bank helped to wreck the Swiss real estate market in the 1990s.

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Swiss Franc History: From Bretton Woods until the Swiss real estate crisis

UBS Export-weighted exchange rate CHF


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Swiss Franc History: The long-term view and the comparison with gold

long-term usd/chf
We establish a long-term view and history of the Swiss franc. We compare the franc with gold.

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Update 2014: Swiss home price to income ratio small in historic and global comparison

2014-04-15

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2014-04-15

UBS Swiss Bubble Index Q4 2013
Based on four different data sources, we prove  that Swiss the home price to income ratio is small in global comparison and in a historic perspective. Combined with another decade of near zero interest rates, reason enough to think that the Swiss real estate boom should continue for another decade.

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Swiss Yearly Inflation Rate Overtakes First Eurozone Countries

2014-04-11

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2014-04-11

swiss consumer price index, eurozone hicp harmonized consumer price index
  According to Swiss Statistics the yearly inflation rate is at 0.0%, and the monthly rate is +0.4%. The Spanish CPI is already under zero at -0.2%, and the Italian one is at +0.3%, not to speak about severe Cyprus or Greek deflation . Still in February 2012, the difference between the Swiss and Euro …

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The IMF Assessment for Switzerland 2014 and our critique

international monetary fund
In the 2014 assessment for Switzerland by the International Monetary Fund, several sentences sparked in our eyes; we will contrast them with our recent critique.

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Swiss Yes to Referendum Against Mass Immigration is a Yes to Higher Salaries and Higher Inflation

change residence switzerland, bith surplus net migration


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SNB’s Jordan Responds to the Critique from the Peterson Institute: What They Forgot to Ask Him …

Jordan in the ECO interview
SNB's Jordan Responds to the Critique from the Peterson Institute: What They Forgot to Ask...

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No SNB Intervention: Massive Swiss M0 Increase due to Post Finance Transformation into a Bank

2013-09-01

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2013-09-01

Money Printing M0 FX Purchases
SNB did not intervene. Deposits of Swiss Post Finance had been reclassified from other sight liabilities to deposits of domestic banks.

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A Nationalization of Swiss Foreign Assets? SNB Owns 56% of Swiss Net International Investment Position

Net International Invest Position Switzerland
The SNB currently owns 56% of the Swiss net international investment position (“NIIP”). In the year 2007 this number was only 12%. Is the central bank implicitly nationalizing the Swiss international companies?

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Our Detailed Estimate of SNB Q2 Results: 17 Billion Francs Loss, The Reality 18 Billion

2013-07-30

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2013-07-30

Swiss National Bank
UPDATE: July 30th, 2013: Our estimate for the quarterly loss missed the reality by 1 billion francs. The quarter results: 18.3 billion francs loss. The loss for H1 was 7.3 billion CHF. July 1st 2013: We estimate that the Swiss National Bank (SNB) obtained a loss of 17.3 billion francs in the second quarter 2013. … Continue reading »

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The End of Swiss Deflation

2013-07-05

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2013-07-05

Swiss CPI Eurozone Comparison June 2013
The yearly change of the Swiss consumer price index has risen from -0.5% to -0.1%, the end of deflation is near. Swiss inflation measured with the European standard HICP has even improved to +0.2% y/y. Details

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Excessive Money Supply: Switzerland Could Follow in Spain’s and Ireland’s Footsteps

swiss m3 and lending growth 1995 2013
In the Euro zone bank lending is contracting, M3 is rising very slowly. As opposed to that, Swiss bank lending is currently rising by 4.4% per year, M3 is increasing by 10% per year.

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Swiss home price to income ratio small in historic and global comparison

Swiss US UK Germany Home Price to Income a
Based on four different data source, we find out that Swiss home price to income ratio is small in global comparison. Therefore we wonder why the SNB must contain home price rises, but the Fed must artificially increase them.

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Explaining Richard Koo to Paul Krugman, to Austrian Economists and the SNB



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SNB’s Danthine: Credit – is the sky the limit?

Jean Pierre Danthine Swiss National Bank SNB


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SNB to Follow the Bank of Japan? Part1

2013-06-04

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2013-06-04

ISM Manufacturing Non-Manufacturing May 2013 YoY
Questions to George Dorgan Is there any chance that the SNB or other central banks could follow the BOJ and just depreciate the currency? George Dorgan: What did the BoJ do? Monetary easing and talk down the yen in a mercantilist style. A central bank is able to talk down a currency only if there … Continue reading »

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