banks

Tangible Benefits Are Conspicuously Absent

By Jeffrey P. Snider|2013-03-26T15:56:45-04:00March 26th, 2013|Markets|

There should be much closer scrutiny on attaining success through monetary means. As with the Federal Reserve in the United States, the ECB seems to be judged solely on the asset prices of a select group of asset classes. But somewhere, someone should be monitoring the actual efficacy of all of these interventions. I think it tends to get lost [...]

It Begins In Switzerland

By Joseph Y. Calhoun III|2012-06-03T19:04:25-04:00June 3rd, 2012|Currencies, Federal Reserve/Monetary Policy|

Guest post by friend of Alhambra, Jeffrey Snider: Since the panic days just after Lehman Brothers in September 2008 through September 2011, the Swiss franc had gained almost a third compared to the euro. It was an epic move that had gained steam in mid-2011 as the renewed crisis over Greece and the PIIGS threatened further instability in the Eurozone. [...]

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