There's a new BIS paper out, but I don't think you should be concerned. The FTQ inflows into CHF are going to far far outstrip whatever selling might occur when people realize CHF banks are exposed. This is the paper and you might find what you seek pp15 onwards: http://bis.org/publ/cgfs43.pdf
Does anyone know how to see this article for free? http://online.wsj.com/article/SB100...60106.html?mod=WSJ_hp_LEFTWhatsNewsCollection The old google-wsj trick doesn't work anymore and I haven't found a site that quoted the article completely
On a related topic, the NYT graphic in this article might be a bit old http://globaleconomicanalysis.blogspot.com/2011/01/italy-invisible-elephant.html http://3.bp.blogspot.com/_nSTO-vZpSgc/TSb7zq2AHaI/AAAAAAAAKNY/jwrI1QvB6CQ/s1600/web+of+debt.png but it is a useful starting point for who owns what dodgy PIIGS debt within the Eurozone
I changed browsers and the google trick worked. Apparently the wsj site might have installed a cookie for people that use that trick too much
Remember the email you send Jim Rogers about the CHF, Daal? Anyway, I remember Rogers being asked what he is bitching about loose monetary policies since he gained from it. He said yes he was making a profit but he wished he wasnt this way. I can relate to that these days. My bank is down 10% today.
I remember, I was wrong(Or 'early' as some would say). I'm still skeptical of the CHF, I keep one eye on the P&L statement and the other in the sell button. Hard to trust a currency that has a large PPP premium due being a 'banking haven' during a global sovereign debt crisis. I'm wondering what the hell their banks hold if it isn't EU debt
There's an etf for bunds. Can't remember the ticker and it probably doesn't have a lot of volume, but provides an easy way to get exposure at whatever size you like.
Daal, this is the place to go for the latest statistics on who's exposed to what toxic crap: http://www.bis.org/statistics/consstats.htm It's the data that the report I mentioned yesterday is based on.