02.02.2015 - The Swiss Currency Shock Explained
Will the global economy remain global? Are we about to see the global economy fracture into smaller pieces as it was in the past? The latter possibility might sound outlandish at the moment, but it could become a reality at least to a certain extent. The key is to listen to the messages the markets are sending. One clear message was recently sent by the Swiss National Bank after it scrapped its three-year currency cap of 1.20 francs per euro. That message: We’re not sure the euro is sustainable, and just in case it’s not, we don’t want to be there when it collapses...............................................Full Article: Source
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