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What In The World Just Happened In Switzerland?
Central banks lie. That is what they do. Not too long ago, the Swiss National Bank promised that it would defend the euro/Swiss franc currency peg with the “utmost determination”. But on Thursday,...
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Swiss Shocker Triggers Gigantic Losses For Banks, Hedge Funds And Currency...
The absolutely stunning decision by the Swiss National Bank to decouple from the euro has triggered billions of dollars worth of losses all over the globe. Citigroup and Deutsche Bank both say that...
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