Monthly Archives: June 2015

Swiss National Bank

SNB is buying euros to weaken its own currency, the Swiss Franc, is so huge quantities that she has currently the biggest balance sheet (by far) among the major western central banks !

banques centrales


The nasty equity market rout continues: the Shanghai Composite gave up over 7% yesterday, down 19% since June-11th.


China’s FX reserves fell by $113bn in Q1 of this year.



More evidence is emerging that Greece stands on its own when it comes to euro area exit risks. Unlike in the 2011/12 period, capital outflows are not an issue elsewhere in the Eurozone periphery. Whether now or in six months, the troika leadership is increasingly more comfortable to let Greece go should other options are exhausted.

capital exodus