Today brings an opportunity to look at a consequence of several economic themes. The opening one is related to the way that in both economic and currency terms the Euro is something of a super massive black hole. 1,216 more words
Tags » Swiss National Bank
The odd thing is one of the main purposes of central banking is to pay for war.
Switzerland doesn’t do war. So who gets the money and what do they do with it? 572 more words
There’s been no shortage of discussion about the Swiss National Bank over the past couple of weeks.
I don’t want to turn this into an FX post, but long story short, they’re probably pretty pleased with the euro’s relentless appreciation against the franc, as the higher EURCHF climbs, the less they have to worry about intervening. 344 more words