Doug’s latest is not so far from Martin Armstrong’s most recent post.
the Swiss National Bank (SBN) with the stroke of a press release essentially destroyed the Swiss franc’s long-held safe haven status in the marketplace
— the unconventional toolb…
To understand why the euro is failing and the Swiss Franc peg is a sand castle that will dissolve in a rising tide, we must start with a historical context and the crisis of global Capitalism.
The recent 40th anniversary of President Nixon withdraw…
The Swiss franc tumbled, dropping the most ever against the euro, after the nation’s central bank set a minimum exchange rate of 1.20 per euro and said it will defend the target with the “utmost determination” if needed.
Switzerland’s curren…
Aug 12, 2011
2008 is here again
By Scott B MacDonald
NEW YORK – No one can blame investors for feeling like 2008 is back. After all, there has been a return to acute market volatility, financial and industrial stocks have been beaten up, and the VI…
It is fascinating that most currencies have fallen against the dollar and gold has jumped so much in the last few days. Except for the Swiss Franc most have weakened against the USD. The premium on the Canadian dollar has totally evaporated.
Since early 2009 (when the U.S. stock bull market began), the U.S. dollar has collapsed. The Brazilian real is up 56%, from 41 cents to 64 cents. The Canadian dollar is up 35%, from 78 cents to $1.05. The Swiss franc has also risen 35%, from 85 cents t…
The latest on the greenback..
Long seen as a place of safety in times of turmoil, the dollar may be losing its haven appeal.
Soaring oil prices, driven by upheaval in the Middle East, falling equities and elevated volatility have all made investors u…
