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SNB Vice-Chairman Jordan expresses concern about the sharp rise in the swiss franc and threatens...

SNB Vice-Chairman Jordan expresses concern about the sharp rise in the swiss franc and threatens action if necessary. "The central bank is neither powerless nor unable to act." Markets yawn, having taken the SNB to the cleaners for billions when it intervened in 2010. FXF +1.4%.
Comments (2)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "The central bank is neither powerless nor unable to act."
    -- Andrew Jackson

     

    Markets yawn, having taken the SNB to the cleaners for billions when it intervened in 2010.

     

    I missed that one. There's nothing I wouldn't rather do than take the SNB to the cleaners.
    13 Jul 2011, 03:14 PM Reply Like
  • kmi
    , contributor
    Comments (3984) | Send Message
     
    I'd rather take SNB to the bar and have a few drinks first...
    13 Jul 2011, 04:25 PM Reply Like
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