Thursday, December 11, 2008

spreads like a virus all because of a housing boom!!! They said it would never happen!!

Swiss Central Bank Cuts Rate to 0.5%, Recession Looms

The Swiss central bank cut its interest rate to a four-year low of 0.5 percent and said further measures are possible as the economy faces a recession that may be the worst since 1982.

Posted by mark @ 11:55 AM (757 views)
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3 thoughts on “spreads like a virus all because of a housing boom!!! They said it would never happen!!

  • Whither the Swiss Frank?

    I did a chart of CHF against a basket of other currencies since 1990 recently (see end of this post). It’s now at the very top of its trading range for the past 18 years, and with interest rates like that, I don’t see much point in piling in.

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  • Cheers mark

    How about buying Swiss watches with Euros – just a thought !

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  • Mark, Don’t know where you got your stats from but you haven’t got it for NZD as well have you ?

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