You better get used to my musings on the CHF as I am consistently dumbfounded by its’ overperformance (and have been for 20 years!)
Why does anyone buy Swiss Francs as a safe-haven currency? They won’t even let you in there to spend it! If the worlds’ financial system is falling apart, why would anyone want to buy Swiss Francs when their main industry is banking? How small is the exit door going to be when the money finally starts to leave all those Swiss numbered accounts? My best guess is that sooner or later we are going to see a stampede.
One of these days I’ll be right!
