The win for Greece's pro-bailout parties was no victory for the SNB as the country saw another...


The win for Greece's pro-bailout parties was no victory for the SNB as the country saw another $16.7B in inflows in the week since and pressure continues on the bank's euro/franc floor of CHF 1.20. Government efforts to talk down the economy, the country's banks, and future inflation risks last week were totally overlooked by cash seeking a safe haven.

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  • Brian Bobbitt
    , contributor
    Comments (2083) | Send Message
     
    People are getting the idea that one cannot spend more than you earn for ever. It hurts the cash flow to the government so the NGM's can't make welfare payments...

     

    If the whole world owes money and is broke, where did the money go?

     

    I dunno.
    not to me

     

    Capt. Brian
    The Lost Navigator
    25 Jun 2012, 04:49 PM Reply Like
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