"Were they tipped off by Draghi about coming QE? Did someone have a vendetta against Nick Hayek (he of Swiss watchmakers’ fame) or did SNB boss Thomas Jordan have a grudge against Christian Lagarde (who complained that no one had told her or anyone at the IMF)? The truth is probably less prosaic. Since 2011 the SNB has spent €100bn buying over-priced euros."Read more about the Swiss National Bank, and their decision to remove the Swiss franc’s peg to the euro right now in this week's installment of the Hume Capital Investment Diary.
Wednesday 21 January 2015
Hume Capital Investment Diary - 21st January 2015
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