Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Elroy Jetson who wrote (56917)	12/5/2004 1:42:36 AM
From: Taikun	Read Replies (2) of 74559

What exactly is your point? Switzerland has a population of 7.5m people. US population is 293m. So, the US is 1/39th the size. A comparative number would be 70,840 in lost jobs in the US in 1 month. You have failed at trying to persuade me that somehow Switzerland is somehow immune to the effects of investment pouring into its currency, driving up its value and affecting the economy. The Swiss economy does not seem stronger than the US yet investors switch from USD to SFr (and Euro and Yen) only because they want to diversify out of USD. In Switzerland, partly because the country is so small, the effects of this rotation into the currency affect the economy in a negative fashion. Rotation and diversification of a similar fashion are affecting Canada. I have heard quite a bit of anecdotal evidence that the high SFr hurts the Swiss economy, but you have obviously made up your mind, so there is nothing left to discuss.

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