So we know what US-traded stocks it owns, but this is just a slice of the securities it owns globally.Its portfolio is loaded up with the FANGMAN stocks – Facebook, Amazon, Nvidia, Microsoft, Alphabet, and Netflix – with Apple and Microsoft as its largest positions. From the Swiss point of view, it’s a great scheme — and I pointed out why: buying global assets “at zero cost”. I consider that a cynical investment on the first order.
Relatively speaking, nearly If it starts dropping, they will let it fall for a hot minute or two, until competitive status is once again afforded to their Mittelstand, and they will then act to *stabilize* it. May as well enjoy it.Church of Wolf… then all ad proceeds can be considered tax exempt under whatever religious statute they have.sign me up. we’re probably not going to need to mine much more of it, since all of it is still above ground.. like, hundreds of thousands of tons.
It also holds a number of ADRs, including ADRs of Chinese companies, such was Weibo, Alibaba (16th largest holding), Baozun, ZTO Express Cayman, and Huazhu Group.These are the top 20 holdings by dollar value as of the end of the quarter. (Charles has a wicked-sharp sense of humor at all times, but he’s at his best when skewering economists. The risk of this activity is on the currency… that speculators lose confidence and that its purchasing power gets eaten up by asset-price inflation and consumer-price inflation. This is a baffling topic, because I see so much written on both sides. It all boils down a reckless racket as you correctly say. You’re just mixed up about things in general. It’s never clear whether the FED owns BIS, or BIS owns the FED, but IMHO I think FED created the BIS like UN, just a cover because the guy behind the curtain pulling the levers is a ‘neutral country’.People just didn’t get the message, a few years ago “CHF” was the gold of paper-currency, but then they pulled the rug out and people lost 20% overnight, and now they do Fiat2Infinity just like USA.So CHF ain’t gold anymore, but they’re taking advantage of the situation, like you say, and they’re playing the big-boy HEDGEFUND game just right, looks like a Ray Dalio “All Weather Portfolio” to me.
First mover wins.I’m in awe of how a tiny automaker with less than 1% global market share is a Supernatural Phenomenon and the 7th most valuable US stock.A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.New York City, San Francisco, Honolulu are still down over 80% from a year ago in terms of “seated diners.” Then there is the “LN-shaped” recovery in Pittsburgh.Incomes from wages, interest, and dividends sagged from pre-Pandemic era.
Not unsimilar to Japan Switzerland is by definition a deflationary set up which means that as the global economy collapses salaries, retail prices, property markets etc will all go down in value and this will push the SFr higher not lower.
A central bank that creates its own money can never collapse, and the concept of an actual “loss” does not apply. But the main one is completely simple, and is the real reason why Switzerland is wealthy….When capital isn’t taxed – it has the ability to accumulate. The currency has collapsed due to inflation. 600 bio. :)per Google that’s 1hr and 8minutes/91.6km shortest distanceI’d say close enough for at least a sleep-over any day of the week, possibly a breakfast, lunch, or dinner engagement would be a good possibility too.
The Swiss National Bank is constituted as a special statute joint-stock company. For that markets are just too large (US$ 7 trillion per day)…. Switzerland has 7th largest gold reserves and 8th largest holding of US Treasury bonds (ahead of Belgium). 31 para. as long as i can wear shorts to church!Or you can just look into buying bitcoin, or any other true currency that is anchored to something/anything other than the integrity of a nation’s political class.Nah, bitcoin can be outlawed by a country, one country can’t outlaw another Country. That is dropping fast as the Chinese economy slows down and anyway the Chinese can now make better quality watch components than the Swiss.Just another example of the government inflating this bubble. There has also been a Swiss CB attempt to halt the rise by pegging the franc. The firm owned 104,263 shares of the restaurant operator’s stock after buying an additional 1,800 shares during the quarter. Lux has a higher per capita median income than Switzerland. No electronics on it at all. Whereas the Japanese just buy stuff directly?Maybe the Fed has been talking to the Swiss – running a third nation print and equity pump – sorta like how the CIA outsources torture to Romania/Bulgaria in order to avoid US laws.The Fed can’t legally buy US equity – yet – but they can lean on other countries to do so – and then reimburse them in one way or the other.“Maybe the Fed has been talking to the Swiss – running a third nation print pump” The Fed has been doing this since approx 1972 when it went off the gold standard and jumped into bed with KSA. The company's Dental segment offers consumable products, such as infection control, restorative materials, hand instruments, and sterilization products; basic and advanced technology dental equipment; patient education systems; and office forms and stationery.PNC Financial Services Group Inc. Sells 676 Shares of Waters Co. (NYSE:WAT)PNC Financial Services Group Inc. Lowers Position in Tetra Tech, Inc. (NASDAQ:TTEK)
the snb made a friday announcement reaffirming their commitment to the peg. If the currency goes south, Switzerland can always sell stock or buy more Tesla – which only goes up.What I do not understand is how Swiss-based multinationals like Nestle tolerate their home Central Bank snatching up ostensible global competitors.I turn gold into lasting beauty, say 5 centuries or so, in the bindings of fine antiquarian books and use a very little on my picture frames.