Deflação. Ondas de choque já se espalham nos mercados globais.
In this preview of the Wealth Cycles Report for January 2015, Mike Maloney gives historical examples to show you that the global ramifications of the Swiss currency revaluation may be a lot more severe than you first may have thought. "This is desperate. The central banks are now backed into a corner, and everything that I've been predicting is starting to unfold here, it's unfolding very slowly and on a scale that is huge. But it's not going to be slow forever. There's going to come a day where slow turns into very fast, and a lot of this stuff happens overnight...for instance, the currency unpeg. Nobody knew it was coming, it happened immediately. These things always eventually end up being good for precious metals. I don't look forward to the economic chaos that we are about to go through, but we'll get through it and it'll be a different world when we come out the other end. Hopefully what ends up happening is free enterprise, free markets, capitalism and sound money win. That would be the best outcome." - Mike Maloney, January 2015.
Credit Suisse Group AG (CSGN) and Saxo Bank A/S joined an increasing number of European financial companies warning that the Swiss central bank’s surprise decision to abolish its currency ceiling may dent earnings.
Credit Suisse, Switzerland’s second-biggest bank, indicated Monday that currency swings may hurt profit. Denmark’s Saxo Bank said some clients might not be able to settle unsecured amounts, which might cause undisclosed losses.
The full force of the decision won’t be known for months and is “closer to a nuclear explosion than a 1,000-kilogram conventional bomb,” Javier Paz, senior analyst in wealth management at Aite Group, said in an e-mail Tuesday. “The aftermath is like a black hole that can suck massive amounts of credit from currency trading as we have known it.”
