tag:blogger.com,1999:blog-32841798.post2349610714010771902..comments2024-03-28T22:45:51.014+00:00Comments on Capitalists@Work: Swiss can get free ride bonus on International FX speculationCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-32841798.post-55761098567387545692011-08-05T08:34:51.093+01:002011-08-05T08:34:51.093+01:00GDM and that would have been a lot cheaper, £60+mi...GDM and that would have been a lot cheaper, £60+million, touble is they managed to lose a lot more than that with more coming out of the woodwork (still).John Thomasnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-35882562745409615952011-08-05T07:34:17.133+01:002011-08-05T07:34:17.133+01:00Something similar was mooted here at the time of t...Something similar was mooted here at the time of the bank bailouts - ie instead of giving billions to the banks to waste again, why not not give every Brit say 1,000,000 smackers to spend how they liked. That would have refinanced the banks and boosted the economy at the same time. Rather more than 2 birds with one brick?Gimme Da Munninoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-30429047236885738562011-08-04T19:33:44.111+01:002011-08-04T19:33:44.111+01:00Anon - shame to hear it is not permitted under the...Anon - shame to hear it is not permitted under the Swiss Constitution.<br /><br />other anon - The Swissie is too strong though, everyone else is drunk and they are the only sober driver - why not charge a fare for the ride as the price of abstemiousness?CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-76775997367065105112011-08-04T17:17:06.488+01:002011-08-04T17:17:06.488+01:00CU, I think you are have point QE (for that is wha...CU, I think you are have point QE (for that is what it is), but from a position of strength NOT from a position of weakness as the USA and UK have done, the speculators cannot complain can they?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-55602868721563364442011-08-04T15:21:22.285+01:002011-08-04T15:21:22.285+01:00The solution you propose is not permitted under th...The solution you propose is not permitted under the Swiss constitution. Playing those sorts of games with the currency is not permitted, that is what makes the Swiss Franc so attractive - it is (almost) as good as gold at a time when other nations are printing cash like it was going out of fashion.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-47247903386024151982011-08-04T13:59:15.910+01:002011-08-04T13:59:15.910+01:00Switzerland prides itself on stability, it can'...Switzerland prides itself on stability, it can't jerk around with monetary policy just because its neighbours went mad with the Single Currency or start getting funny ideas like QE. Because that's why the Franc is so strong, it is really the weakness of other countries and little to do with the Swiss.<br /><br />They can respond, yes but can they really manage their exchange rate given they're bordered by the likes of France, Germany and Italy, each with very unique takes on financial policy?Jackson Rodrigueznoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-55408624328273109092011-08-04T13:54:26.512+01:002011-08-04T13:54:26.512+01:00Probably a neater solution than by taxing imports ...Probably a neater solution than by taxing imports of cash, which people would just work around.Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.com