Tuesday, August 9, 2011

HOT: Dollar Down 5% Against Swiss Franc...

...following Fed statement on monetary policy and Fed stated intention to keep rates low into mid-2013.

The stock market players don't get it yet, but Fed policy is very inflationary.
at 3:24:00 PM

3 comments:

  1. NathanielAugust 9, 2011 at 4:10 PM

    They apparently figured it out...

    ReplyDelete
  2. silent noiseAugust 9, 2011 at 8:05 PM

    and the franc is backed by what?
    same joke as all currencies

    ReplyDelete
  3. AnonymousAugust 10, 2011 at 12:03 AM

    Seen this? The price of a Big Mac is now $17.19 in Zurich (although I hear it's down to about $11US now -- just the sandwich).

    ReplyDelete

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