(Still) No V-shaped recovery in sight
Is the belief of investors that central banks can achieve a robust V-shaped economic recovery with expansive monetary policy only an illusion? What can be learned from trade flows and what does the new inflation target mean? In the following, we will examine what central banks can achieve…
Asset Allocation a little different
Black Swans It seems that “black swans” (Nassim Taleb) do appear more frequently than in the past (financial crisis, Corona). Since our time is getting faster and faster, this should not be as surprising as the fact that such events are not supposed to be predictable. Taleb himself has…
World with COVID-19
The long-term impact of the pandemic on the economy, financial markets and society is difficult to assess. We ask some questions and try to answer them to the best of our knowledge. Along the way, you will learn what the abbreviations SRSSI mean. Question 1: Will the virus remain a constant…
Dictionary of Equity Market Terms
Given the corona and holiday season, some humour with a serious background is probably more appropriate than a theoretical discourse. The following selection of terms for the letters of the alphabet is not entirely arbitrary but is intended to entertain. Alpha: Price gain or loss thanks to…
Economic and Real Estate Outlook Switzerland
We provide a brief overview of how Swiss real estate is affected by the Corona crisis. While residential real estate should be less affected, office real estate and shopping centers will come under pressure. Legal uncertainty prevails about owed rents for premises that were not allowed to be used…
The dilemma of health versus economy
The emergency phase of the COVID 19 pandemic is slowly coming to an end. No government was prepared for it, and too many failed in the initial assessment but did what they could afterwards. In the current second phase, however, any mistakes will not be easy to excuse. The authorities must better…