Swiss waking up to the fact that the SNB has offered loans to CS and UBS without any normal collateral. Certainly a sign of crisis. But surely the mistake is to regard the SNB as a "conservative central bank". Have you seen its currency reserves? LARGE investment v. deflation! twitter.com/MarkDittli/sta…
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…