Interview «The Period of Abundance Is Over» Jeffrey Gundlach, CEO of DoubleLine, worries that the Federal Reserve is overreacting in the fight against inflation. He expects a severe slowdown of the economy and says how investors can navigate today’s challenging market environment. A conversation with the Bond King.
English The Swiss National Bank Must Raise Interest Rates By a Lot Inflation is much above the SNB’s objective of 0-2%. As the Swiss economy can easily withstand tighter monetary policy, the SNB should focus squarely on restoring price stability. An end-of-year level of 2%, or perhaps even more, is justifiable given the economic outlook.
Interview «It’s Likely Going to Be a Fairly Hard Landing» The risk of a severe recession is rising, financial markets are going crazy. Stephen Kane and Bryan Whalen, Co-Chief Investment Officers at US bond giant TCW, share what risk indicators they’re monitoring in today’s unpredictable environment and how they’re positioning their portfolio for an economic downturn.
Interview Nestlé-CEO: «We Are Ready to Make Acquisitions in Any of Our Business Lines» Mark Schneider, CEO of the world's largest food and beverage company, talks about inflationary pressures, his growth strategy and explains why the long-term momentum in businesses such as coffee and pet care is unbroken.
English The Unfortunate Non-Use of the SNB Money The Swiss national bank made a huge mistake: it didn’t reduce its portfolio risk in time, but remained exposed to stocks until capital gains evaporated and profit distributions are now compromised. This hedge fund style of investing is not responsible.
Interview «The US and China Have Now Moved into a Full-Blown Economic War» Jonathan Goldberg, Partner at Snowcloud Capital and Founder of D2D Advisory, talks about the recent escalation in the tech standoff between the US and China, explains what it means for the Chinese semiconductor industry, what strategic role Taiwan plays, and what it all implies for the outlook on the semiconductor sector.
English The Dollar and the Euro: Let’s not Confuse Exchange Rates with Currency Status The rise and fall of G7 currencies on the foreign exchange market is often confused with their global influence. However, these currencies are mainly paying for inflation and central banks that were slower to hike rates than in emerging markets.
Meinung The SNB Must Align its Investments Strictly With Monetary Policy Instruments The Swiss National Bank’s disastrous result has little to do with its monetary policy but is a consequence of its investment strategy. It must create transparency in this regard and draw organizational consequences.