tag:blogger.com,1999:blog-18079728.post4395542652431342746..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Limey Beans"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18079728.post-90524421003076584082011-06-24T08:47:07.699-07:002011-06-24T08:47:07.699-07:00No doubt that the CHF is overvalued (70% vs USD on...No doubt that the CHF is overvalued (70% vs USD on PPP basis according to the Big Mac Index). But consider the Swiss Franc as the Euro without the PIIGS. Most of the Swiss industry is based around Zurich and that is doing fine in spite of the currency. Once the PIIGS leave the Euro, it will become the new DM/F Franc fort and leave GBP in the dust. Assuming of course the Huns don't sign up Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-80273776246052052962011-06-24T05:59:44.018-07:002011-06-24T05:59:44.018-07:00I suspect many Europeans are buying Swiss Francs a...I suspect many Europeans are buying Swiss Francs and doing their Christmas shopping on 5th Avenue to hedge the trade.John Fischerhttps://www.blogger.com/profile/10449844868098492351noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-53504119491990922282011-06-24T02:38:38.011-07:002011-06-24T02:38:38.011-07:00As a Brit who moved to Switzerland a few years ago...As a Brit who moved to Switzerland a few years ago from London, even the London prices didn't insulate me from the price shock on arriving here!<br /><br />With the exchange rate going from 2.4 to 1.35 in a matter of years, the price difference is very noticeable! I only wish I took all my GBPs with me when I moved...Charles Darkehttp://economic-collapse.co.uknoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-91135766695037555562011-06-24T02:03:59.557-07:002011-06-24T02:03:59.557-07:00Switzerland is stupidly expensive. Good pizza is ...Switzerland is stupidly expensive. Good pizza is easily 23 CHF (or roughly USD 27) in Zurich, for take away!<br /><br />But partly that reflects an amazing change in terms of trade - the pound was 2.56CHF 10 years ago, now it's skipping around 1.4.<br /><br />Traded goods (electronics for example) are pretty reasonable here, but anything that needs substantial amounts of space (furniture Anonymousnoreply@blogger.com