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One Response
If the market drops, Trump is going to order the SNB to buy the dip or tariffs on Rolexes. The Swiss will comply, we are a lackey country now. A couple of years ago the US threatened to put Switzerland on the list of currency manipulators : The Swiss don’t like the Swiss franc to rise against the USD because of the export economy, so the SNB tend to buy USD and sell CHF. Instead of currency trades to manage the value of the CHF vs the USD they started to buy US stocks and everybody was happy. But effectively if there is a problem in the market, the SNB will again have a big problem.