Wednesday, August 2, 2017

Swiss Central Bank has Accumulated Multi-Billion Dollar Positions in US Stocks Including Apple, Amazon and Facebook

 As part of its efforts to weaken the franc, the Swiss central bank has amassed $750 billion in stocks, bonds and cash.

From The Wall Street Journal:

It should be noted that the Swiss central bank is printing francs out of thin air to make these purchases, They print the francs, exchange them for dollars and make the purchases.


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