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The SNB is holding at zero. The more interesting question is: for how much longer?
Read more: The SNB is holding at zero. The more interesting question is: for how much longer?The Swiss National Bank has left its policy rate unchanged at 0%. That was hardly a surprise. What matters more is what is changing beneath the headline rate. Inflation stood at 0.8% in August. The SNB now expects inflation of 0.7% in 2026 and 0.8% in both 2027 and 2028. At the same time, the…
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Liquidity beats ownership
Read more: Liquidity beats ownershipOwnership is not a value in itself. It is tied-up capital that expects to be respected.In many Swiss SMEs, the phrase “we own it” still stands for solidity. That is historically understandable and emotionally relatable. From a business perspective, however, it is becoming increasingly expensive.Every franc tied up in a machine is a franc that…
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Energy efficiency protects margins
Read more: Energy efficiency protects marginsEnergy efficiency has a marketing problem. It is too often presented only as a climate issue.For a company, it begins with something simpler: cost management.In September 2026, SECO continued to identify high energy prices as a significant risk to the Swiss economy. SECOThe Swiss Federal Office of Energy also points out that economically attractive efficiency…
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Investing without the reflex to own
Read more: Investing without the reflex to ownDoing nothing is also an investment decision. Just without a return.One sentence has been heard remarkably often in meetings this year: “We will wait a little longer.” It sounds prudent. Most of the time, it is an unspoken bet that uncertainty is a temporary condition rather than the operating temperature of the coming decade.The reasons…
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Preparing for uncertain times
Read more: Preparing for uncertain timesTechnology accelerator Y Combinator (early investor in Stripe, Dropbox, AirBnB and many more) sent a message to all companies in their portfolio last year. The advice can be adopted for most companies this year as well. Greetings YC Founders, During this week we’ve done office hours with a large number of YC companies. They reached…