Posts Tagged ‘ JAPANESE YEN ’

So much for the Surge in the Swiss Franc

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By John Galt August 17, 2011 – 06:55 ET The Bloomberg headline and story says it all: Franc Gains as Switzerland Stops Short of Peg Apparently the Swiss National Bank has not been in consultations with the Japanese Central Bank. The one year chart for the Swiss Franc speaks volumes on the failure of intervention by central banks and the inability to control daily, weekly, or monthly fluctuations. The addition of liquidity to dilute the Franc is akin to wasting one’s time by asking Bernanke…

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7/31 6 p.m. ET: Let’s Chow Down on some Deathburgers

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By John Galt July 31, 2011 If we are all going to die due to going bankrupt, we might as well consume as much of the earth’s resources and beef on the way down to oblivion as it appears the administration and our morons in the House and Senate are still wrangling before the Asian and U.S. futures markets open. Gee, wonder how that will work out since the House is now in recess until Monday. Meanwhile back in the markets…. (Chart snap shots from…

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