Nice piece. It’s like a slow motion car crash with the investor in front of the car. It’s bad , you know it will be bad but the only place to jump is in front of another car.
Any thoughts on the CHF? Small economy, but maybe less open to political manipulation of monetary policy
Thanks Mash! Let me think about it, Switz is definitely going through transformations and adjustments right now as their traditional banking-secrecy model is being threatened.
Not only due to the war in Ukraine and broader geopolitical developments but because of broader competition. We saw what happened to CS.
Meanwhile the SNB has been intervening in their FX for a long long time on/off - to keep it from not strengthening even over.
By and large it doesn't feel like the time I would look to profiteer from buying CHF. 🦉
Great article.
Thanks Stocki! 👍👍🦉
Nice piece. It’s like a slow motion car crash with the investor in front of the car. It’s bad , you know it will be bad but the only place to jump is in front of another car.
Any thoughts on the CHF? Small economy, but maybe less open to political manipulation of monetary policy
Thanks Mash! Let me think about it, Switz is definitely going through transformations and adjustments right now as their traditional banking-secrecy model is being threatened.
Not only due to the war in Ukraine and broader geopolitical developments but because of broader competition. We saw what happened to CS.
Meanwhile the SNB has been intervening in their FX for a long long time on/off - to keep it from not strengthening even over.
By and large it doesn't feel like the time I would look to profiteer from buying CHF. 🦉