Swiss bank notes

Negative interest rates, deflation and strong currency make people’s mattress the preferred savings vehicle. Greeks and others from the Eurozone collecting Swiss franc notes are adding to the demand. A safety deposit box in Zurich can be rented without opening a bank account.

1000 chf

China

Turning to China, Credit Suisse shows us which nations are most impacted by China’s devaluation – both as competitors as well as exporters to China.

China

Here is why some argue China will not go through with a significant devaluation. A weaker yuan increases the debt burden on China’s firms who borrowed in dollars.

China debts