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Swiss franc's staggering ascent to be felt far and wide

11 Comments
By PAN PYLAS

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11 Comments
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lets not forget that this is a nation (Swiss) which has made a living by (while making trillions) by dealing in currency and being a hub for illigal first and third world money laundering. NOW it is time to pay for pay for some of that sins!

0 ( +3 / -3 )

The Swiss Franc is not to be blamed for this -every other currency is worth less from all the massive fiat printing. ==> Blame your own country (central/private banks) for your currency problem(s).

=Swiss Franc actually moved very little.

3 ( +3 / -0 )

Good move by the Swiss. They finally decided to get out of the race to the bottom. Those shorting Swiss francs got caught with their trousers at their ankles and are now broke.

Some fallacies keep getting recycled by Keynesian scalawags such as : Falling prices may sound good in principle, but when sustained they can choke the life out of an economy by encouraging consumers and businesses to delay spending in the hope of bargains down. ""

0 ( +2 / -2 )

Massive QE or even the threat of it shows how out of kilter the financial system is. The price of pms got a massive bump and I took profit from my gold holdings.....

0 ( +1 / -1 )

2 years ago like most foreigners here, I ditched the collapsing yen and invested in dollars and swiss francs. So this was very pleasing news.

-3 ( +1 / -4 )

Plenty of dopey people living outside of Switzerland who took out loans in Swiss francs are now in trouble.

1 ( +1 / -0 )

MADCOWSJan. 17, 2015 - 08:20AM JST lets not forget that this is a nation (Swiss) which has made a living by (while making trillions) by dealing in currency and being a hub for illigal first and third world money laundering. NOW it is time to pay for pay for some of that sins!

I'm not supporting the kind of "business" you're relating to, but name me one nation who does not...

0 ( +1 / -1 )

Some fallacies keep getting recycled by Keynesian scalawags such as : Falling prices may sound good in principle, but when sustained they can choke the life out of an economy by encouraging consumers and businesses to delay spending in the hope of bargains down. ""

A bit difficult to understand what you mean here, but if it is that deflation is not bad for an economy, I'd have to disagree.

Switzerland and most other European economies have very different bases, not to mention currencies. What we're seeing here is the result of years of badly-timed austerity in the EU zone resulting in predictable deflation, while the insulated Swiss economy chugs ahead. Even America, the most successful of economies at the moment, is struggling to maintain a healthy rate of inflation.

The economic crises of recent years only serve to vindicate Keynesian economics.

-1 ( +0 / -1 )

I am seeing similarities with the current flat printing yen.....

0 ( +1 / -1 )

Mark this as the beginning of the demise of the Euro. And then other QE-inflated currencies. The de-dollarization is not far off, either.

0 ( +0 / -0 )

So umbrella, what's your leverage ratio?

2 ( +2 / -0 )

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