I don’t think I’ve ever been more nervous watching golf than I was watching Tiger tee off on 18 in the final round of the Masters this past weekend.

The S&P 500 registered yet another all-time high* on Friday.

US President Donald Trump renewed his criticism of the Federal Reserve this weekend by tweeting that “if the Fed had done its job properly, which it has not, the stock market would have been up 5000 to 10,000 additional points”.

This week scientists unveiled the first ever picture of a black hole.

The actively managed ETF market in the US currently consists of over 260 ETFs that combine for roughly USD 77bn in assets.

* Central bank independence is in focus again. US President Trump suggested that Fed policy had cost the US equity market 5,000 to 10,000 points of gains (presumably using the thirty stocks of the Dow Jones Industrial Average). Over 40% of that index is tech and industrial companies. These sectors suffer from the increasing burden […]

In the two business segments Private and Small-Business Customers and Corporate Clients, the Bank offers a comprehensive portfolio of financial services which is precisely aligned to its clients’ needs.

* Over the past forty years, inflation in developed economies went from high and unstable to low and stable. This was not due to technology (which changes relative prices, not inflation). This was not due to globalization (which raised inflation a little). This was due to central bank independence. * Central bank independence is even […]

Today the Fed released minutes of the 20 March FOMC meeting.

In a significant milestone for the commercialization of space, the Falcon Heavy rocket delivered its first paid payload to orbit on 11 April.