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F14D_Tomcat
PostPosted: Tue Aug 30, 2011 11:26 am 
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On follow up of my previous post, let me quote Peter Brabeck, CEO of Nestlé:

"The franc is certainly overvalued but the real problem is not the franc but rather the dollar. A currency than now behaves as it were a Latin American currency of the '70s, a currency that allows - and is even happy about - a devaluation of 40 or 50%, is not one I can take seriously as a leading currency".

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JacksonStone
PostPosted: Tue Aug 30, 2011 12:07 pm 
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F14D_Tomcat wrote:
a currency that allows - and is even happy about - a devaluation of 40 or 50%.

I don't know too many people here who are happy about it.
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sharkman
PostPosted: Tue Aug 30, 2011 12:17 pm 
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JacksonStone wrote:
F14D_Tomcat wrote:
a currency that allows - and is even happy about - a devaluation of 40 or 50%.

I don't know too many people here who are happy about it.


:yeahthat but more diplomatically then I would have put it.

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