Switzerland is renowned for watches, knives and chocolates. How about bazookas? A showdown between Switzerland's central bank and investors bullish toward the Swiss franc appears inevitable as the euro sinks ever closer toward a 1.20 franc trading floor officials set last September. That means the deflation-fearing Swiss National Bank will likely find itself with no choice but to deploy maximum firepower by intervening heavily to sell its own currency, known commonly as the Swissie, versus the euro. Swissie bulls, who had pressed the currency to record highs against the euro and the U.S. dollar last summer, stampeded ... (full story)