Rogers said it will work for a period of time, but in the end the SNB will eat a huge loss.
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could they then peg the euro to oil, instead of usd ?
too volatile drummerboy….what would hapen when oil goes from $150 to $10 ?
They should peg it to $AAPL.
@drummerboy,
you know that would be insane. anything to volatile will cause conversion headaches and problems for corporations when calculating earnings…
look around,no one can get a job anymore,who wants to borrow a dime in this time in life right now. i think we should look back at what mr. thaler said,or was it AB.60 dollar oil could be in the future.here we are,back to the future,with oil higher than it should be,considering production in goods around the world is meandering. and the financial system on life support. how do we know whether or not there is a plan to debase,my god every fucking oligarch in the euro zone already thinks the american consumer pays too little for gas, vs them. last time i checked,you cant squeeze blood from a rock. but they will try anyway