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Switzerland is becoming a large hedge fund with a small country attached, writes James Saft,...

Switzerland is becoming a large hedge fund with a small country attached, writes James Saft, reacting to a 50% rise in fx reserves last quarter that has taken the total to 62% of GDP. In doing so, the SNB - a massive stash of euros and running out of places to put them - has put a big target on its back. Of course, owning a printing press helps.
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Comments (3)
  • remurraymd
    , contributor
    Comments (2287) | Send Message
     
    Nothing new Switzerland has always been the 'fortress" country
    in times of world trouble of financial or military nature for centuries.
    Singapore the "Switzerland" of Asia is coming on strong though.
    2 Aug 2012, 07:42 AM Reply Like
  • mjk0259
    , contributor
    Comments (838) | Send Message
     
    Even an article this small, you completely miss the point of.
    2 Aug 2012, 09:31 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    This will come back to haunt them though...you just can´t fool with mother nature....and they are trying to...
    2 Aug 2012, 08:25 AM Reply Like
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