Swiss Time Is Running Out
"When it all was over, we had to find another place / Swiss time was running out, it seemed that we would lose the race." -- Deep Purple, "Smoke on the Water"
The Swiss National Bank has to find another place, any place, to dump the massive amount of euros it's been purchasing. The SNB reported second-quarter earnings Tuesday, and announced that 60% of the central bank's currency reserves are now held in euros, an increase from 51% at the end of the first quarter....531 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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