Michael Casey's FX Horizons: Switzerland's ‘Katrina moment' looms
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Michael Casey's FX Horizons: Switzerland's ‘Katrina moment' looms

Zurich : Switzerland | Jun 13, 2012 at 8:43 AM PDT
Source: MarketWatch
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In times of crisis, it's useful to think of international capital flows as floodwaters, or as mudslides. Just as Hurricane Katrina's storm surge overwhelmed the levees protecting New Orleans, there is a point when the flood of capital is so strong that central banks can no longer protect their local... FULL ARTICLE AT MarketWatch
 
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