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Old 14.07.2015, 10:44
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Strong CHF is hurting Swiss companies

Well this no doubt will be the first of many, I can see like for ex pats being less rosy.

http://finance.yahoo.com/news/swiss-...072537887.html
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Old 14.07.2015, 11:02
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Re: Strong CHF is hurting Swiss companies

The alternative would be another 50bln subsidy by SNB to the exporters. Policies only can do so much.

And of course, exporters with their ever-increasing volume (esp. relative to imports) are part of the problem as the service balance surplus creates part of the demand for CHF that lifts the currency. Reduced export volumes will "automatically" reduce that demand and thereby upward pressure on the CHF.
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Old 14.07.2015, 11:09
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Re: Strong CHF is hurting Swiss companies

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Well this no doubt will be the first of many, I can see like for ex pats being less rosy.

http://finance.yahoo.com/news/swiss-...072537887.html


Diethelm Keller Siber-Hegner, is also selling Glycine Watches. We'll see who buys. The three companies started in 1865 as a Group but in the meantime have become a powerful Company. I can imagine that Nick Hayek moves in
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Old 14.07.2015, 11:13
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Re: Strong CHF is hurting Swiss companies

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Well this no doubt will be the first of many, I can see like for ex pats being less rosy.

http://finance.yahoo.com/news/swiss-...072537887.html
The high value of the Swiss Franc to the euro is making my life very rosy indeed. Long may it continue.
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Old 14.07.2015, 11:14
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Re: Strong CHF is hurting Swiss companies

Maybe they should take all their money earnt in the past when the Swiss economy was not fantastic like now but, well, whatever is better than fantastic....and have a holiday and enjoy the fan... Ahh great buying power of the CHF in less fortunate states.

In the 11 or so years I have been here the rest of the world gets it in the neck and Switzerland relatively speaking is cruising along. I see the Gemeinde doing unreal stuff like putting up pot plants on the light poles etc. Fantastic to see and be a part of. What an incredibly and fantasticaly lucky country we live in.



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Old 14.07.2015, 11:14
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Re: Strong CHF is hurting Swiss companies

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The alternative would be another 50bln subsidy by SNB to the exporters. Policies only can do so much.

And of course, exporters with their ever-increasing volume (esp. relative to imports) are part of the problem as the service balance surplus creates part of the demand for CHF that lifts the currency. Reduced export volumes will "automatically" reduce that demand and thereby upward pressure on the CHF.

The only alternative is to re-start a PEG , for example at 1.07


The Project of a subsidy to exporters died before it started as it is difficult to find a method to distribute
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Old 14.07.2015, 11:21
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Re: Strong CHF is hurting Swiss companies

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Maybe they should take all their money earnt in the past when the Swiss economy was not fantastic like now but, well, whatever is better than fantastic....and have a holiday and enjoy the fan... Ahh great buying power of the CHF in less fortunate states.

In the 11 or so years I have been here the rest of the world gets it in the neck and Switzerland relatively speaking is cruising along. I see the Gemeinde doing unreal stuff like putting up pot plants on the light poles etc. Fantastic to see and be a part of. What an incredibly and fantasticaly lucky country we live in.



The longer I live here, the more I appreciate what an amazing country this is.
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Old 14.07.2015, 11:52
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Re: Strong CHF is hurting Swiss companies

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The only alternative is to re-start a PEG , for example at 1.07


The Project of a subsidy to exporters died before it started as it is difficult to find a method to distribute
It's less than a year ago that you thought the PEG would rise to 1.30 IIRC, you really have no idea. Swiss companies will have to increase efficiency if they wish to keep their profits level.
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Old 14.07.2015, 12:01
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Re: Strong CHF is hurting Swiss companies

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The alternative would be another 50bln subsidy by SNB to the exporters. Policies only can do so much.

And of course, exporters with their ever-increasing volume (esp. relative to imports) are part of the problem as the service balance surplus creates part of the demand for CHF that lifts the currency. Reduced export volumes will "automatically" reduce that demand and thereby upward pressure on the CHF.
they should have taken the snb money and given it to everyone to go on holiday until the whole thing blows over
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Old 14.07.2015, 12:22
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Re: Strong CHF is hurting Swiss companies

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The only alternative is to re-start a PEG , for example at 1.07


The Project of a subsidy to exporters died before it started as it is difficult to find a method to distribute
The economy as it is has a built-in autocorrection, it's called floating exchange rates. Sooner or later the overhang for the exports will be reduced, and that will automatically reduce a big part of the upwards pressure.

Let things auto-correct themselves, tThere's exactly zero need for statist intervention.
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Old 14.07.2015, 13:31
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Re: Strong CHF is hurting Swiss companies

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The economy as it is has a built-in autocorrection, it's called floating exchange rates. Sooner or later the overhang for the exports will be reduced, and that will automatically reduce a big part of the upwards pressure.

Let things auto-correct themselves, tThere's exactly zero need for statist intervention.


The problem is NOT an "overhang" of the exports but the fact that financial people in many countries try to rescue their stuff into secure countries. Interesting however is that the professionals at DKSH sell to luxury brands. Brands who probably were too expensive for quite a while and now have passed the sound barrier. It is what Nick Hayek said about two years ago. That some luxury brands in Switzerland in the longer term are no longer meeting the market. Yes, IF he buys, he will totally re-structure the two snobbery companies


Why do I speak about Nick Hayek ? Because he is Zürich/St.Gallen educated like the members of the Diethelm / Siber-Hegner clans
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