MarketThoughts.com Home Page
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups  StatisticsStatistics   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
Switzerland
Goto page Previous  1, 2, 3, 4
 
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The Europe Board
View previous topic :: View next topic  
Author Switzerland
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11742
Location: Los Angeles, California
PostPosted: Thu Nov 06, 2008 7:04 am    Post subject: Switzerland Reply with quote
The Swiss National Bank (unexpectedly) cuts its 3-month LIBOR target from 2.5% to 2.0%. This should be seen as a relief to those who have been engaged in the Swiss carry trade over the last five to six years:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aMtlOmoqXZpI&refer=home
Back to top
View user's profile Send private message Send e-mail Visit poster's website
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The Europe Board
Author Switzerland Replies
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
PostPosted: Fri Mar 13, 2009 8:55 am    Post subject: Reply with quote
Swiss Govt. buying of euros may do more to help E.Europe than anything EU can cobble together:


Quote:
Meanwhile, the FT is full of nonsense about "currency wars" following the SNB's action to intervene in EUR/CHF yesterday. Switzerland intervening to weaken its currency is one thing; Japan or another large, closed economy (China?) doign so is something else. After all, Switzerland doesn't face much competition for its cuckoo clock exports. Moreover, given the huge stock of CHF liabilities in Eastern Europe, one could argue that the SNB has now done more for Mrs. Gabor and Mr. Bukowski than the European Union ever has. CHF/HUF is now down 10% from its recent highs, which should take a bit of the sting out6 of the next mortgage payment.


http://macro-man.blogspot.com/
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
PostPosted: Fri Mar 13, 2009 6:51 am    Post subject: Reply with quote
Switzerland surrenders?

http://biz.yahoo.com/ap/090313/eu_switzerland_banking_secrecy.html

Now maybe Sarkosy will be able to concentrate on something meaningful for the G-20.
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
PostPosted: Thu Mar 05, 2009 12:51 am    Post subject: Reply with quote
The tribunal:

http://www.c-span.org/Watch/watch.aspx?MediaId=HP-R-16004
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
PostPosted: Wed Mar 04, 2009 12:39 pm    Post subject: Reply with quote
Because that's where the money is. All out war on taxhavens:

http://www.bloomberg.com/apps/news?pid=20601087&sid=ao4l9vyug6.c&refer=home

This started back with the Russian money laundering through Bank of New York, accelerated after 9/11 and pursuing gambling tax. While implicit govt. policy encouraged corporate sitings "to level the playing field of international competition" the offshore world got huge. Movies, software... all big users of tax-free cash piggybanks for money never meant to be repatriated. UBS was the gateway and Sanford is the moral highground.

And bugs, your gold in swiss "depository receipts"? that means you. And you thought you were getting away from big govt. Shocked
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
PostPosted: Mon Feb 23, 2009 3:01 pm    Post subject: Reply with quote
Swiss are fed up; take off the gloves:

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSTHO15017420090221
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
PostPosted: Fri Feb 06, 2009 9:42 pm    Post subject: Reply with quote
There's a lotta punch to this land of cows, trains and filthy rich:

http://ftalphaville.ft.com/blog/2009/02/06/52175/a-financial-black-hole-in-geneva/
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
PostPosted: Thu Dec 11, 2008 9:10 pm    Post subject: Reply with quote
http://www.ft.com/cms/s/0/ca8bc3aa-c0dc-11dd-b0a8-000077b07658.html?nclick_check=1

Quote:
Swiss on a roll

Switzerland has been put out by being described as a "rogue nation" along with a list of other so-called tax havens by other industrialised countries.

Its critics are using global economic difficulties to take another crack at what they consider dodgy financial centres, and trying to loosen rigid Swiss bank secrecy.

The Swiss have had their fair share of financial problems, not least the subprime hits suffered by the country's two largest banks, UBS and Credit Suisse.

Making matters worse, UBS is under investigation by the US authorities for allegedly helping rich US clients evade taxes.

How reassuring, then, for the Swiss to see China and Abu Dhabi give the country's private banking system a resounding double vote of confidence.

First the Bank of China announced last Friday that it was the first Chinese financial institution to set up its own Swiss private bank in Geneva. This week it was the turn of the Aabar Investments group of Abu Dhabi to acquire AIG's private bank based in Zurich.

Who says tax havens risk going out of business?

_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
PostPosted: Tue Dec 02, 2008 11:59 am    Post subject: Reply with quote
UBS, turncoat bankers to tax authorities, the emergence of E. Europe have all conspired to challenge Schweitz identity:


http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAd7rF18UuX4

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLXP9DJhPyhQ
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11742
Location: Los Angeles, California
PostPosted: Tue Dec 02, 2008 1:41 am    Post subject: Reply with quote
Swiss National Bank now close to "zero bound." Next meeting is scheduled for the 11th - where the Swiss National Bank will most likely discuss further unconventional monetary policy to deal with the Swiss slowdown and the current financial crisis:

http://www.bloomberg.com/apps/news?pid=20601068&sid=aYrMqy8ILvFw&refer=economy
Back to top
View user's profile Send private message Send e-mail Visit poster's website

Please log in to view without the ad banners
Display posts from previous:   
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The Europe Board All times are GMT - 6 Hours
Goto page Previous  1, 2, 3, 4
Page 4 of 4

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB