Author name: DamjanCsiba

Personal Saving Rate is well below the historical average in the US. #us #macro #consumer #slowdown

If the three-month average unemployment rate reaches 4.2% for the period July-September, according to the Sahm rule, the US will enter a recession. The likelihood of this is increasing.   #macroeconomy #recession #us

This week has been an extraordinary journey at the World Economic Forum. Engaging in thought-provoking discussions, meeting global leaders, and exchanging ideas with some of the brightest minds from around the world has been a truly enriching experience. The energy in Davos is palpable, as leaders and innovators come together to address the world’s most

I am sorry to hear about the passing of Charlie Munger, one of the most influential investors and thinkers of our time. He was a remarkable human being and professional who kept his excellent reputation and integrity for his whole life. He once said, “Remember that reputation and integrity are your most valuable assets and

The delinquency rate on credit card loans is at levels not seen since the first quarter of 2012.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development  jointly released estimates indicating that sales of new single-family houses reached a seasonally adjusted annual rate of 679,000. This figure reflects a 5.6 percent decrease (with a margin of error of ±12.3 percent) from the revised September rate of 719,000. However, it

Seven years – many say you become essentially a new person after this time period. Reflecting on my journey, it seems like life has its own version of this cycle. Seven years ago in November 2016, I hung up my football boots after a grueling battle with Achilles inflammation that left me relying on steroid

Last night, in the beautiful city of Geneva, I had the honor of attending the CFA Society Switzerland Award Ceremony & Annual Dinner, a momentous occasion that marked not just an achievement but the culmination of years of dedication and hard work. Reflecting on the event, I am filled with immense gratitude and pride. The

The graph shows a reduction in average weekly working hours and is consistent with the figures before Covid. Given that the unemployment rate has risen from 3.4% to 3.9%, this points to a softening of job market and a slowing economy. The pivotal question revolves around the sustainability of this trend. It’s worth noting that

UBS reported a $785 million net loss in the first full quarter after its Credit Suisse rescue deal, attributed to $2 billion in related costs. Nevertheless, the bank attracted $33 billion in net new deposits, with $22 billion going to its global wealth management, including Credit Suisse’s unit. Investors responded positively, pushing UBS’s shares up