By Bruce Krasting (Guest Post)
Whenever something of significance happens in the financial world I struggle to answer the question, “Why now?” There can be clues to markets if that question is answered accurately. If nothing else, it puts things in their proper perspective. I’ve been wondering about the timing of the big move by the SNB all day. It’s not often a major central bank devalues the currency by 10%. It’s not as if this development is not without significant risks to the Swiss people and in particular, the SNB. It’s been suggested to me that the SNB has no risk; that they can print…
***This is a preview. Please click on the post title or go to http://www.econmatters.com for full content. ****
