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At the point everybody goes stampeding out of the Swiss Franc it's going to fall and if it falls low enough¹ it exposes Swiss companies to the predators.

Unless the Swiss National Bank has accumulated enough foreign reserves. But I guess your point is that it's impossible for the SNB to accumulate enough reserves to counter the possibility of massive naked short selling of its currency in the international FX market.

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Tue Aug 16th, 2011 at 08:39:50 AM EST
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