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.

3 comments:

  1. They apparently figured it out...

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

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  3. 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).

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