Finally somebody that talks some sense.
What’s to happen now after the Swiss blind side?
Last week was a crazy week for the global market lead by the SNB’s strike on the FX market. Swiss Finance Minister Eveline Widmer-Schlumpf reassures everyone they'll be fine. Last Thursday’s event, described by some as a ‘black swan’, caused huge losses for traders, hedge funds and banks. Personally, I don’t think the SNB’s decision is a ‘black swan’ event as the consequences itself were fairly predictable. The Swiss Central Bank couldn’t bind their currency with the falling Euro forever. In this light in 2015, will we witness other similar events that may cause huge volatility? The information in ... (full story)