Another day is gone and you’re probably tired after all the wild swings in some currencies, especially the Swiss Franc. Here are some good reads you should look at:
- Desperate Swiss eye euro peg to repel safe-haven flood (Telegraph)
- Desperate Measures (Bruce Krasting)
- Irony Alert: If This is 72 Hours of Central Bankers Trying to Save the World, What Would Abject Capitulation Look Like? (naked capitalism)
- The euro crisis reaches the core (Vox)
- Financial Turmoil Evokes Comparison to 2008 Crisis (NY Times)
- Hedge Funds Get Unfamiliar Taste of Losing (NY Times)
- Swiss Central Bank Ponders “Temporary” Peg to Euro; Franc Trades Sharply Lower; This a Bluff? What Does it Take to Maintain a Peg? “Temporary” Defined (Mish’s GETA)
- Two Headed Monster (The Big Picture)
- Swiss Franc Plunges By 600 Pips On Peg Speculation; Will It Succeed? (ZeroHedge)
- Europe Considers Ban on Short Selling (NY Times)
Enjoy
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