“In the looking-glass world of negative-interest rates, the Swiss are in a special category.” – by Stephen Mihm
Switzerland
Switzerland Is Held Captive By Its Big Neighbor (Bloomberg)
“With the ECB set to cut rates, the Swiss will have little choice but to go even deeper into negative territory. The SNB is a price-taker, not a price-maker.” – by Marcus Ashworth
European Alternatives Industry Hits €1.62 Trillion in Assets (CIO)
“Despite the European macroeconomic picture being “muted” for the past two years, last year saw record activity in most alternative asset classes. European alternative asset fund managers held €1.62 trillion ($1.82 trillion) in assets as of June 2018, up €300 billion in three years” – by Michael Katz
Blood Moons, Animal Spirits and Hunting Knives

H2 2019 Europe Update
Investor trepidation towards Europe in today’s markets is understandable. Regional macro data remain anemic. Europe continues to produce weak data, Euro-Area economic sentiment saw its worst losing streak in a decade and low interest rates are set to continue throughout the medium term. Meanwhile, the Fed has raised rates nine times since December 2015, taking […]
Swiss battery maker Leclanché announces debt restructuring
Leclanché announces debt-to-equity swap converting CHF 24 million of debt into equity issued to major shareholder FEFAM