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Old 18.04.2011, 17:31
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Re: OECD - Franc overvalued by 39% against US$ and 32% v. Euro

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Reality is that the dollar has been going down against the CHF since exchange rates were floated.

When I first came here in '82, it was 2.3, when I moved here in '86, it was 1.9, now it's half that. In another 20 years, it'll be worth 5 centesimi.

Tom
Reminds me of the old Lira Italiana ! Apparently the LIRA AMERICANA
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Old 18.04.2011, 17:34
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Re: OECD - Franc overvalued by 39% against US$ and 32% v. Euro

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oh really? so what would the FX rate be today without the SNB free money give-away?
Without the interventions, the Euro would now be CHF -.50
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