by Wolf Richter
Wolf Street
As long as the SNB can bamboozle global speculators into chasing after the incredibly watered-down tiny Swiss franc, it can continue to print money to buy up global assets at essentially no cost.
The Swiss National Bank – now a fund that prints its own money to buy global assets denominated in foreign currency – doesn’t disclose its detailed holdings. But in the US, it has to disclose on a quarterly basis its holdings of US-traded stocks and American Depositary Receipts (ADRs) of foreign companies, which it did this morning with its Q2 SEC filing.