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View Poll Results: How long will the CHF peg hold?
Less than a day 1 0.64%
Less than a week 17 10.90%
Less than a month 24 15.38%
Until the end of the year 43 27.56%
Longer 71 45.51%
Voters: 156. You may not vote on this poll

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  #41  
Old 06.09.2011, 12:33
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Re: How long will the CHF peg hold?

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Since it's a political decision and nothing else as long as the fools think they are getting good ratings from the media etc. the peg will hold. I voted to the end of the year but that is only a wild guess.
Setting the Franc to the Euro means that the Swiss currency is condemned to going down the tubes according to the (political not economic) decisions of the Eurokrats.
This is a disaster for Switzerland. Let's just hope the Germans wise up and get out of the Euro and reinstate the D-Mark. Then the Swiss Franc will have a partner worth holding hands with.
It can get very serious, eg if the market deems the Eurozone problems unsolvable, then effectively the SNB will be indirectly buying eurozone soveriegn bonds with no hope of ever getting paid, in which case its the Swiss economy which will be paying for the PIGIS debt!
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  #42  
Old 06.09.2011, 12:34
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Re: How long will the CHF peg hold? And what's your game plan?

when they run out of paper for the printing press?
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  #43  
Old 06.09.2011, 12:36
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Re: How long will the CHF peg hold? And what's your game plan?

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when they run out of paper for the printing press?
Is your furniture made of wood? Better hide it away
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  #44  
Old 06.09.2011, 12:36
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Re: How long will the CHF peg hold?

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what time do the septics wake up?
What, like septic peg?!
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  #45  
Old 06.09.2011, 12:37
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Re: How long will the CHF peg hold?

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What, like septic peg?!
Septic tank, Danny
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  #46  
Old 06.09.2011, 12:38
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Re: SNB Pegs CHF to the EUR!!!

Well, they just painted a target on their chest and the forex traders are ready to play. This can't possibly end well... Not for SNB and not for CH

Who the f4ck ever says 'unlimited'? DUH!
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  #47  
Old 06.09.2011, 12:40
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Re: How long will the CHF peg hold? And what's your game plan?

as long as the SNB buys at 1.2, there's no reason for the peg to break, is there? What prevents the SNB from printing CHF to buy EUR? That could last forever. So far the traders were testing the SNB and since the Bank hadn't taken real action, the short EUR kept going. But now, who's going to buy CHF below 1.20 knowing that the SNB can turn the market in 5mn? Some short EUR will have a painful report to managment to make tonight...
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  #48  
Old 06.09.2011, 12:44
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Re: How long will the CHF peg hold? And what's your game plan?

Tomorrow the German Constitutional Court is deciding whether the big bail outs for the Greeks et al are ok or not. If not, expect more fun and games tomorrow.
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  #49  
Old 06.09.2011, 12:45
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Re: How long will the CHF peg hold? And what's your game plan?

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Tomorrow the German Constitutional Court is deciding whether the big bail outs for the Greeks et al are ok or not. If not expect more fun and games tomorrow.
Its ok cos they don`t need to worry anymore cos the SNB will underwrite the whole debt.
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Old 06.09.2011, 12:48
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Re: How long will the CHF peg hold? And what's your game plan?

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Its ok cos they don`t need to worry anymore cos the SNB will underwrite the whole debt.
Actually my "thanks" was a positive groan. LOL
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  #51  
Old 06.09.2011, 12:49
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Re: How long will the CHF peg hold? And what's your game plan?

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Tomorrow the German Constitutional Court is deciding whether the big bail outs for the Greeks et al are ok or not. If not, expect more fun and games tomorrow.
yup. another strike for stupid timing. but switzerland has now probably bought enough EURs to be a significant bailout donor.

i wonder if a politician came and said that switzerland will bail out the PIIGS by buying up soon to be worthless EURs and that this would be funded by depreciating the value of CHF (i.e. everybody pays a psuedo-levy) if this would have been a vote-winner?
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  #52  
Old 06.09.2011, 12:52
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Re: How long will the CHF peg hold? And what's your game plan?

Who managed to buy EUR this morning at yesterday's rate of 111?
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  #53  
Old 06.09.2011, 12:53
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Re: How long will the CHF peg hold? And what's your game plan?

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Who managed to buy EUR this morning at yesterday's rate of 111?
are you saying you did ?
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  #54  
Old 06.09.2011, 12:53
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Re: How long will the CHF peg hold? And what's your game plan?

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Who managed to buy EUR this morning at yesterday's rate of 111?
i don't know, but i'm still planning on buying EURs for around 1.01 CHFs towards the end of this month
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  #55  
Old 06.09.2011, 12:54
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Re: How long will the CHF peg hold?

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market tells me most traders didnt expect this at all and taken some rather large "negative revenues" today
You should have heard the collective shout of "oh 5hit" from the forex desk as my place.......
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  #56  
Old 06.09.2011, 12:54
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Re: How long will the CHF peg hold? And what's your game plan?

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are you saying you did ?
Many did. Postfinance "allegedly" had yesterday's rate until 11am.
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  #57  
Old 06.09.2011, 13:00
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Re: How long will the CHF peg hold? And what's your game plan?

Now I'm wishing I held some gold.

Anyway. I would guess that pretty soon the SNB will back down on the peg, but not before enough inflationary damage has been done.

I think I will diversify a bit away from CHF into NOK. Overall, I'm expecting my mortgage debt to be inflated away by this action.

Ideas of where to move/use your CHFs before inflation takes hold?
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  #58  
Old 06.09.2011, 13:03
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Re: How long will the CHF peg hold? And what's your game plan?

Now that we basically own Brussels, can we instill a Swiss Government in Belgium as they are still rather devoid of a ruling authority?

The first act would be to ban Belgian chocolates, thereby boosting Lindt & Sprüngli shares in a heartbeat. I see the cunning plan playing out in front of me.
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Old 06.09.2011, 13:05
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Re: SNB Pegs CHF to the EUR!!!

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Was the alternative any better?
Depends what the alternative is/was....

July Swiss exports were up 3% by value so it was not all bad news.
Some industries are suffering but the luxury industries seem to be doing well.
Hotel bed occupancy was down.
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  #60  
Old 06.09.2011, 13:08
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Re: How long will the CHF peg hold? And what's your game plan?

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The first act would be to ban Belgian chocolates, thereby boosting Lindt & Sprüngli shares in a heartbeat. I see the cunning plan playing out in front of me.
Just don't ban Belgian beer OK? The Swiss really cannot fill this gap.
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