Epstein Secrets

ingdom Robed Friedman Editor-at-Large, Finance Bloomberg News USA Thomas L. Friedman Columnist, Foreign

aging Director Institute for Leadership and Switzerland Human Resource Management (IFPM) Philipp M. Hildebrand Chairman of the Goveming Board, Swiss National Bank, Switzerland World Economic Forum Annual Meeting 2011 EFTA_R1_02011063 EFTA02686188 Jon Hilsenrath Chief Economic Correspondent The Wall Stree

ingdom Robed Friedman Editor-at-Large, Finance Bloomberg News USA Thomas L. Friedman Columnist, Foreign

aging Director Institute for Leadership and Switzerland Human Resource Management (IFPM) Philipp M. Hildebrand Chairman of the Goveming Board, Swiss National Bank, Switzerland World Economic Forum Annual Meeting 2011 EFTA_R1_02011182 EFTA02686265 Jon Hilsenrath Chief Economic Correspondent The Wall Stree

t angles in financial charts, but you could pretty much cut yourself on this chart of the volatility of the Swiss franc against the euro: Source: Bloomberg (as are the rest) One straightforward takeaway is: Whoa, that volatility is super high! But perhaps a more useful takeaway is: Whoa, it was super

that volatility is super high! But perhaps a more useful takeaway is: Whoa, it was super low for a really long time! This is of course because the Swiss National Bank capped the franc's value against the euro: The SNB wanted a price of no less than CHF 1.20 per euro, and the euro itself wanted a price of no highe