Bruce Krasting on central bank omiscience and the abandoment of the euro peg by the Swiss National Bank

The entire world has signed onto the notion that Central Banks are all powerful. We now have evidence that they are not. Anyone who continues to believes in the All Powerful CB after today is a fool.

~ Bruce Krasting, "End of CB Power - SNB Folds," BruceKrasting.com, January 15, 2015