Swiss Franc Decoupled Euro; Screams Ensue

By ending the practice of pegging the Swiss franc to the Euro, the Swiss National Bank have enraged our financial elites. The New York Sun published a nice succinct editorial on Friday about the Swiss National Bank’s decision to de-peg their currency from the Euro. An excerpt: All other virtues of this drama aside, what a paroxysm of panic it has produced at the Financial Times, which has declared that “Thursday’s action in the Swiss franc defies the reach of hyperbole.” We haven’t Read more […]