The SNB (the "Zimbabwe of the Alps" according to Jim Grant, now speaking on Bloomberg) finds...

|By:, SA News Editor

The SNB (the "Zimbabwe of the Alps" according to Jim Grant, now speaking on Bloomberg) finds itself with a lot of cash to invest after reserves rose 50% in 4 months to $380B. The surge is the result of the floor it placed under the euro/franc cross, necessitating the bank to print francs with which to purchase euros no one else seems to want.