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2010-06-08 Europe

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Posted by tipper 2010-06-08 20:40|| || Front Page|| [6 views ] Top

#1 Sticking feathers up your butt does not make you a chicken.
-Tyler Durdan

Posted by swksvolFF 2010-06-08 21:17|| 2010-06-08 21:17|| Front Page Top

#2 "The first rule of Fight Club is we don't mention the E/CHF!"

Posted by Frank G 2010-06-08 21:23|| 2010-06-08 21:23|| Front Page Top

#3 "The Swiss National Bank came into the FX market again today after the E/CHF broke another critical milestone of 1.38"

Can anybody explain this?

(I did get the part about 1/3 of their GDP.)

Posted by Barbara Skolaut 2010-06-08 21:55|| 2010-06-08 21:55|| Front Page Top

#4 Here's a little help - "E/CHF" refers to the Euro-Swiss Franc exchange rate - CHF symbolizing the Swiss Franc.

W/o reading the article, it seems the Swiss are trying to preserve a certain level of that exchange, but it seems to be failing.

All that said, I need to figure out who's weaker here - I suspect it's the Euro that's failing, which adversely affects Swiss exports.

Posted by Halliburton - Mysterious Conspiracy Division 2010-06-08 22:10|| 2010-06-08 22:10|| Front Page Top

#5 Barb,

It should have said annual GDP.

If the Swiss annual GDP is 300 billion Swiss Franc, then they have sold 100 billion Swiss Franc to buy the Euro equivalent of 100B Swiss Franc.

Posted by phil_b 2010-06-09 00:02|| 2010-06-09 00:02|| Front Page Top

00:02 phil_b
23:54 gorb
23:42 chris
23:09 CrazyFool
23:02 Frank G
22:45 Frank G
22:39 Thing From Snowy Mountain
22:14 Procopius2k
22:13 Charles
22:13 M. Murcek
22:10 Halliburton - Mysterious Conspiracy Division
21:56 Frank G
21:55 Barbara Skolaut
21:54 Frank G
21:50 JosephMendiola
21:44 SteveS
21:43 JosephMendiola
21:33 JosephMendiola
21:23 Frank G
21:21 swksvolFF
21:17 swksvolFF
20:58 Alaska Paul
20:55 linker
20:50 JosephMendiola