Publications | Hanna family office

24 Apr It is time for the SNB to pull the handbrake

Posted at 10:14h in Non classé by sitehfamilyoffice 0 Comments

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When central banks intervene in the currency market, by making it known in the media, it is almost always to buy their national currency on the foreign exchange market, and prevent it from rapid and violent falls. Regarding the Swiss National Bank (SNB), since the beginning of this century at least, it intervenes always on the contrary, by selling Swiss francs, making it known or not, to slow the rise in its parity to other currencies. Apart from the abrupt, irresponsible and unforgivable abandonment of the fixed parity vis-à-vis the EURO at 1.20 in 2015, which has caused an uncontrollable rise in the franc of around 30% in a few days, the policy of the SNB is generally applauded.

22 Mar There is still time to a fair economic response

Posted at 09:00h in Non classé by sitehfamilyoffice 0 Comments

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The Public authorities cannot provide free money, to replace the turnover and wages for a large part of the world economy for several months.

05 Sep The inflation is dead, it should be buried

Posted at 12:23h in Non classé by Elie Hanna 2 Comments

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The presence of inflation, up to 2% per annum, reassures economists and central banks, since the generalized rise in prices indicates, on the one hand that demand is greater than supply, and on the other hand that consumption and money supply in circulation are kept at high levels.

04 Sep The dictatorship of statistics

Posted at 11:44h in Non classé by Elie Hanna 0 Comments

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When they run out of arguments, and this was often the case lately, bank economists who are forced to lay forecasts every quarter, turn to statistics in order to find and match their expectations with what happened in the past since the economy is cyclical.

31 Aug Raymond Eddé tells the birth of his baby: The Lebanese banking secrecy

Posted at 22:22h in Non classé by Elie Hanna 1 Comment

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Before writing this article, I searched the Internet for references to the chronology of the Lebanese banking secrecy birth, but I did not find anything about the period that preceded the tabling of the bill in parliament in 1954. To date I have not Read anything about it, surprisingly.

31 Aug Welcome to Switzerland

Posted at 15:37h in Non classé by Elie Hanna 0 Comments

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Since 1959 Switzerland has been governed by what is called a “Magic Formula”, according to which the four largest parties in the country rule together. It is not a government of national unity but of national agreement (Entente Nationale). The right parties have the majority.

24 Jul Beware of wills

Posted at 22:59h in Non classé by Elie Hanna 0 Comments

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Today, the customer who wants to transfer a large sum receives a phone call from two people of his bank, according to a procedure called "call-back". Not only to make sure that it is the client who is behind the instruction, but also to understand the economic background of the transaction. The bank asks questions, many questions.