Holger
Zschaepitz
-
Good
Morning
from
Switzerland
home
of
the
(western)
world's
most
interventionist
central
bank.
Balance
sheet
amounts
to
123%
of
GDP,
which
puts
even
BoJ
in
the
shade.
SNB
not
only
buys
govt
bonds,
but
also
US
stocks.
W/position
of
$3.4bn,
it's
one
of
Apple's
largest
shareholders