SNB in a Pickle

by Bruce Krasting, Benzinga Contributor

September 26, 2012 9:28 AM | 24 seconds read | Make a Comment

An absolutely wonderful story came out today. The issue is the Swiss National Bank (SNB), its policy of pegging the Swiss Franc to the Euro at 1.200 and the huge reserve increase this has caused. More broadly, this is a story of Central Banks, their inventions in the markets, and the negative blow back [...]

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