Showing posts with label Swiss National Bank. Show all posts
Showing posts with label Swiss National Bank. Show all posts

Wednesday, January 9, 2013

Tuesday, September 4, 2012

Swiss bank vows to hold franc down

In a central bank world gone mad, even the traditionally staid Swiss National Bank is devaluating their currency, the Swiss franc.  Yes, it's a quick-fix for exporters to remain competitive, but this race-to-the-bottom currency war will ultimately destroy citizens' purchasing power and standard of living, because of higher prices for imports.

http://www.ft.com/intl/cms/s/0/23278860-f5df-11e1-bf76-00144feabdc0.html#axzz25UEuG5zZ