The central bank of Switzerland has become a huge hedge fund since it decided in January 2015 to print Swiss francs for which there is huge global demand and sell these freshly created francs to buy bonds and stocks that are denominated in euros and dollars. US stocks are a particular favorite. The Swiss National Bank (SNB) has thereby created a fantastical money-fabrication scheme. This scheme is publicly traded. And the shares have become a doozie.Today, the shares (SNBN) closed at a new hig

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