Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Back To ZIRP!
We're back to ZIRP. In Switzerland.
Swiss monetary policy's somewhat eccentric. They aim for price
The Swiss currency has not been upset since the Sonderburg civil war in 1847 and since that time appreciated against Sterling by more than 100 times. My numbers could be off as id did my study 30+ years ago before the euro, when I spoke in Switzerland against it. They and Norway aggressively said no. Were they right? Yes? Not if you owned a Swiss hotel.
https://fred.stlouisfed.org/series/AEXSZUS
Wow!
always appreciate and welcome the international coverage…with ROW appearing to have figured Trump out international interventions, actions, and statements will likely have more overall relevance during these “challenging” times…
Mr Banjo – you are right my business – once FX Concepts – basically disappeared after 2011-2912, when the U.S. obliterated the EURO, UK and Japan. Biden\ even kept the US on top – Trump 2.0 is destroying the US as an investment destination and we have just begun. The picture looks like minus 20% for the dollar this year. Since the end of 2024 the dollar index is down 7% so the US is not pretty and there is a 2 way picture. .
Although the average annual dollar decline against the Swiss is over 5% per annum since 1971, our rates in the 3% cash are too low US is a bad place for cash,
I Thanks for the chart. It was nostalgic. You can see that there a temporary top in the CHF in the late 70s which stood for 8 years or so. On a futures chart, the very top was marked by an island reversal.
I proudly boasted to friends, family and colleagues that I was one side of that trade. They seemed to assume that I was claiming to be the seller. Why else would I be crowing about it? But I always corrected them – I was the BUYER, the greatest fool in a greater fool market. I was disappointed when the franc surpassed that level in 1987.