Dislikedhttp://snbchf.com/2012/06/the-other-...yields-double/
This old article calls SNB's current policy a suicide:
http://snbchf.com/2012/06/a-central-...n-august-2011/
So if you say that giving up the peg is suicide and this article says that continuing the peg is suicide, then SNB committed suicide in the past already.
The end of pegging could come when the Year-on-Year inflation gets clean of the pegging artefact in Sept...Ignored
Too bad he never forecasted well...he was in short but not anymore...
And he was already forecasted inflation for the summer, see monthly cpi data.
Maybe he's a bit like Rubini, theres a point in his talk, but the market goes opposite way...