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A Curious Swiss Victory

March 20th, 2015 · Comments Off on A Curious Swiss Victory

The Swiss central bank took everybody by surprise, but unlike Peter Schiff, we don’t see much ‘victory’ in their decision to stop pegging the franc against the euro. It’s not the ‘regime change’ that is needed as it’s only likely to reinforce deflationary forces in Switzerland itself. Other things being equal, it leads to further […]

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Tags: currencies