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It seems to me that bloomberg omits fully describing the situation (political and economical) in the '70's and '80's, at least in EU countries there was instabi
by jaclaz 7y ago
It seems to me that bloomberg omits fully describing the situation (political and economical) in the '70's and '80's, at least in EU countries there was instability (petrol crisis, terrorism, among others) that induced many (right or wrong) to fear for the future and use Switzerland as a huge moneybox.
- nwellnhof 7y agoAlso, the article doesn't back up the claim that Switzerland's policy was a failure. To me it seems that things would have gotten even worse without negative interest rates on foreign capital.
- tom_mellior 7y agoAlso, the policy described was a lot more than "let's try mildly negative interest rates". And the oil crisis was probably not Switzerland's fault. The headline is scaremongering.
- TooSmugToFail 7y agoYeah, I was re-reading it, trying to grasp how exactly it got 'ugly', and how were the negative rates to blame.