down we go again, the snb still have some hundred billions of eur to get rid of 
- #6,405
- May 2, 2012 2:28am May 2, 2012 2:28am
Tic.. toc.. tic.. toc...
Time is finishing
...tic, toc, tic for another 2 years and then bong Speculation converts one man's capital into another man's income
- #6,406
- May 2, 2012 2:30am May 2, 2012 2:30am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
In the last month, time was finished every day
- #6,412
- May 2, 2012 2:44am May 2, 2012 2:44am
so you think this will remain at 1.2015 for the next 2 years, good..
...if we don't see bad Swiss economic data or very good news coming from EU zone, we will stay in this range for long time.
Speculation converts one man's capital into another man's income
- #6,413
- May 2, 2012 2:45am May 2, 2012 2:45am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
I was joking saying 2 years
Don't expect 2 years no volatility ... 
Tons of market transactions have happened before the floor is put in place.... and if SNB does unlimited buying they will have hyperinflation...
Gresham's law will come into picture.....
"When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation."
Tons of market transactions have happened before the floor is put in place.... and if SNB does unlimited buying they will have hyperinflation...
Gresham's law will come into picture.....
"When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation."
- #6,416
- May 2, 2012 4:07am May 2, 2012 4:07am
Don't expect 2 years no volatility ...
Tons of market transactions have happened before the floor is put in place.... and if SNB does unlimited buying they will have hyperinflation...
Gresham's law will come into picture.....
"When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation."
so the EUR as an undervalued currency will disappear from circulation beacuse of that
?
Don't expect 2 years no volatility ...
Tons of market transactions have happened before the floor is put in place.... and if SNB does unlimited buying they will have hyperinflation...
Gresham's law will come into picture.....
"When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation."
So far they didn't buy unlimited EUROs.
In fact they reduced their EURO reserves.