Professor Elam

I recnetly suggested that it was whistling past the graveyard to ignore the real import of rising interest rates.  Well, now read how the Swiss have jumped on the bandwagon. One does not build a world wide banking system that stands the test of time unless one is a pretty good banker, the Swiss are. And so it is significant (hey I told you….) when they do. This is all part of the world wide rate hikes adjusting for world wide inflation in the shift from financial assets to hard assets.