Thursday, February 14, 2013

Prices surge in this stable economy

Swiss Property Bubble Concern Seen Prompting Tightening

Switzerland’s central bank has a message for lenders: act now to stem surging credit growth or face further restrictions. “The measure is a warning shot at banks that were overgenerous with their credit lending,” said Janwillem Acket, chief economist at Julius Baer Group Ltd. in Zurich. “The government and the SNB want to tell banks to be more restrictive or we’ll tighten the reins further.”

Posted by alan @ 11:55 AM (1119 views)
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One thought on “Prices surge in this stable economy

  • This is code for, “The Euro peg is over”.

    Go long Swiss Dollar. Its been pegged to the Euro for a few years, and broke the peg to the downside a few weeks ago. If they tighten even a little, it will soar. Switzerland was on a gold standard right up to 2000, so is the most reputable currency in the world. That, combined with weakening in Europe, mean that the currency wars are on.

    They may even be forced out of the World Trade Organization to protect their economy.

    World War III to follow, but as said before, Swizerland will not be affected:

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