When I was a kid I watched the first 10 minutes of this film and was traumatised for literal years. It took me a good 5-6 years to watch as a teenager and not shit myself. And I’m not the only one, several friends from different countries had the first section of this film as the scariest thing they’ve ever watched.
On holiday next week, maybe I’ll make a film thread.
Edit: but yeah I want to buy the new dip as I got too greedy in the previous one and missed it 
I think it’s not CHF rising . It’s USD falling. EUR is also up against USD
DXY is down about 1.76% which tracks dollar index against major currencies.
The key question is why is USD falling and if SNB can do anything about it
I’m no economist but my money would be on “USD are good to buy things in the US. If things in the US are more expensive than elsewhere, because tariffs, then it is less interesting to hold USD”.
Unbelievable, I got out of equities to loose even more money holding USD. How to explain CHF appreciating so much ? Where are the CHF buyers coming from ?
so what are the odds we’re finally going to get 1:1 CHF:GBP before this is over? I think we’re approximately at Truss levels now.
FML. Why did this not happen 2 weeks ago?
It‘s both. CHF is also 1.5% up against €
Forex market is predicting it to happen in two years. I.e. today you can lock in your 1:1 exchange rate for a date two years in the future. But of course, markets are not oracles.
The markets probably overreact re. The CHF… meaning that GBP and EUR should mid term still be ok. But the Market certainly no longer considers the USD as the leading reserve currency. There may be quite a bitvof fallout and re-shaping of power when we over the next 12-18 months move away from a USD centric trade system. What currency comes next? How about CHF?
One thing is that you need to issue enough debt (because that’s the key component of a lot of financial engineering).
Which is why it was such a big deal when the EU recently announced they’d start issuing EUR debt to finance defense programs (before that it was mostly individual countries issuing debt)
Trump asked the supreme court the power to fire the Fed chair 
if this happens the US are going the Turkey way. This is really concerning.
USDCHF is at 10Y low, the lowest since Frankenschock.
Crazy times. What happened? I was gone for a couple of hours.
That would not be good for ohr export centered economy.
It‘s already spellinh trouble amd SNB needs to be very careful right now.
Seriously, this is bad. Do you have a source?
CHF is simply not big enough. I think only credible one that comes closure is EURO
As far as I know SNB doesn’t care about nominal foreign exchange rate. They care about REER. Not sure how is that at the moment.
But if USD goes down due to bad policies, SNB cannot do much. However what they need to avoid is overbought situation as it can also reverse very quickly
It’s not exactly that, but the Chief Justice of SCOTUS temporarily blocked the reinstating of two heads of agencies nobody’s heard of who Trump is trying to fire, after lower courts ordered their reinstatement.
In plain English the underlying point is that conservative bootlickers want to push for an autocracy and overturn provisions and precedents which shield independent agency heads from being fired unless it’s proven that they were incompetent and malicious.
He’s appointed JPow, who appears to be considered to have done a good job, but I’m not qualified to say. I also think JPow is in too high a position to be meddled with by bootlickers, but this is Trump we’re talking about.
That’s not what the article says:
The court will decide what next steps to take in the case after hearing from lawyers for the two ousted officials.
They just haven’t upheld the temporary stay, they still need to hear the case and make a decision.
