1984 - where did I learn that date?
So borrow in USD to buy non US assets ?
Anyone here also shorting Delta for today earnings? Apart from obvious Canadian lead cancellations exposure, I think people will try to avoid going to a country where you can land instead in N.Y. - in El Salvador.
What a volatile market!
Nowhere to hide these days⊠except CHF cash, RE CH and gold.
Seems like negative interest rate will come back soon here! If the crisis really worsen how low could it get?
Finally 10y confederation bond at 1% was a real bargain.
Having the lowest interest rate in the world sounds good but with such a difference with peers is so crazy 
Maybe overspending and create a bit of debt for infrastructure is reasonable?
Apart from hiding, which is perfectly fine evolutionally response - equivalent of freeze⊠Why not to take this as an opportunity?
One of the issue with the current situation is the US treasury is one of the cornerstone of the financial system. Drastic actions could really blow things up.
With treasury yields going up + stock crashing I wonder if there will be a Liz Truss moment for the Trump administratino.
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How would I know that? I knew it on November 2024, but I also know that orange will lie and use any means to his end - including illegal, which is not strange considering that he is a felon - by law.
Edit: currency trading is extreme way of masochism.
But how those tariff really shows? What if I buy something on aliexpress today and use a VPN to buy it from an US address? I donât see how they apply those tariff
The physical item will reach your home, thus crossing the borders and incurring the tariff. Well known peculiarity for everyone living in Switzerland 
ah right. So the poor american ppl ordering from Aliexpress theyâll get nice friendly letters together with their packages.
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Thatâs clear for USD in cash. What about non-UCITS ETFs in USD? Thoughts on how this great re-shuffling is going to affect prices? Anyone?
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That would be interesting to actually know.
Indeed, when my IB account was in CHF and I was buying US stock or any other instrument - IB was creating a temporarily CHF.USD position to cover the USD price. Then when selling - the sold amount was added to USD, not CHF.
So you see, that in those cases the currency exposure can add significantly to your profit - lost totals.
Could someone elaborate?
Agreed. Looks like people are losing trust on US dollar and US economy.
This would be a disaster and not sure if this is driven by fear of Trump going after foreign assets and foreigners selling?
Is there a way to know who is selling ?
It will be disastrous on US economy.
For any other economy, especially for EU - this might be literal gift from heaven (well.. - in this case from idiocrasy)
I have the feeling that Europe today is where US was when Marshall plan was rolling - 85 years ago.
If the US loses its place, what will happen to VT? They should slowly rebalance and maybe some companies will relocate elsewhere, but will VT worth survive somehow? I suspect money get shifted elsewhere, but not all that money really exists and might get destroyed with the US economy.
Unless thereâs financial borders being erected all over, not much would change, itâs still a market cap weighted global index.
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Letâs doomsday scenario a bit:
Do you (or anyone) knows whatâs happening in the scenario where US (or any other) stocks become illiquid (like Russia, for instance) to non-US investors/funds? Do the funds (any funds, US, IE, LU, NLâŠwhatever domicile) basically sell at market value and return you the money?
What I read happened with Russia was the Russian stock prices could no longer be determined as they were not traded anywhere, so funds returned what they could liquidate to investors, but often a small fraction of even the last traded price (~10%, so 90% loss for US stocks, and ~60% NAV loss for all-world ETFs?).
The weight will change, but the value? instead of being 104 or whatever it is, it might go to 50 from what I know. Itâs not that the money magically moves from Apple to Mobilezone.
And am I correct in assuming that:
- if one remains willing to maintain exposure to the world economy, not a specific region; and
- notwithstanding tax implications;
there is nothing to be gained in shifting from VT to a comparable UCITS fund (or mix of funds) OR moving to an EUR or CHF denominated fund? At the end of the day the main holdings of all total world funds remain US companies.
Only alternative would be a CHF or EUR hedged fund, but if I understand correctly the price of hedging eats away at profits and defies the purpose.