Quote Of The Day: SNB's Jordan "Base Scenario Doesn't See Euro Collapse"
November 28, 2012 - 2:25pm
While Nassim Taleb sees Switzerland as the poster-child for what Europe should become, the quote above from SNB's Jordan begs the question - which scenario does include the Euro Collapse (and remember, as he tells us, the Franc cap is 'not' currency manipulation). *TALEB: FOR EUROPE TO SURVIVE MUST BECOME MORE LIKE SWITZERLAND *JORDAN: FRANC CAP ISN'T CURRENCY MANIPULATION *JORDAN: SNB MAY NEED TO TAKE LIQUIDITY OUT OF MARKET EVENTUALLY *JORDAN SEES SUBSTANTIAL RISKS WEIGHING ON SNB BALANCE SHEET *JORDAN: SNB BASE SCENARIO DOESN'T SEE EURO COLLAPSE
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