Tuesday, December 27, 2011

The Swiss National Bank has been wrong several times in the past few years

Jim Rogers : The Swiss National Bank has been wrong several times in the past few years. I don’t worry too much about central banks. One of the things I learned in my career is that usually if you go against the central banks, you are probably going to be very successful. The Swiss Bank did knock down the Swiss franc a few weeks ago but they have done it a few times and in the end the market has more money than any central bank.- in The Street.com

2 comments:

  1. Markus PeekDecember 27, 2011 at 6:10 PM

    Jim,

    What's your analysis of the central banks in Australia and New Zealand? Do you think those countries would be a better place to raise english-speaking kids? I'm not willing to make the jump to mandarin quite yet.

    Thank You,

    Markus

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  2. AnonymousJanuary 2, 2012 at 6:43 AM

    Thing is though, the SNB can print as much money as it wants so the only limiting factor is whether they want to devalue their currency that much. So the idea that they have limited funds is only partly true.

    Also, the factors which are causing the 'flight to safety' into the swiss franc are not permanent or long term. Once the euro crisis subsides somewhat the pressure on the franc will disappear.

    Anyway. Just my theories, might be wrong or right :-)

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