Wednesday, September 7, 2011

currency gyrations

The Swiss are intervening to keep the franc from getting stronger. In my book, I have a graph of market rates (euro vs. US$) and ppp rates. The ppp stays steady, while the market rate gyrates. Pity the poor purchasing or sales manager who is trying to set prices. One's whole supply chain can be disrupted by the Greeks, even if one does no business with them.

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