John Lounsbury is the managing editor and co-founder of the Econcurrents which focuses on the economic effects on finance, investing, social interactions, and politics/public policy. It features original economic commentary, debate, and economic analysis of economic indicators. John operated a ...
moreJohn Lounsbury is the managing editor and co-founder of the Econcurrents which focuses on the economic effects on finance, investing, social interactions, and politics/public policy. It features original economic commentary, debate, and economic analysis of economic indicators. John operated a comprehensive financial planning and investment advisory services firm for nearly 15 years. Before that he was 34 years with a major international corporation, 25 years in RD management and corporate staff positions. More recently he was a Series 6, 7, 63 licensed representative with a major insurance company brokerage from 1992 to 2001. From 2002 to 2015 he operated his own sole proprietorship financial advisory business.
Specific interests include political and economic history, econometric analysis and investment strategy analysis. Recreational activities include hiking, non-technical mountaineering and alpine skiing. Stay in touch:
less
Latest Comments
Zurich Turns The Euro Into Swiss Cheese
I have updated the original article to include the comments below. econintersect.com/.../zurich-turns-euro-into-swiss-cheese
Zurich Turns The Euro Into Swiss Cheese
Thanks for you comments, Moon and Jack.
@Wall Street Jack: You point out a significant omission from my article - I discussed only macro issues and did not mention the micro turmoil as several broker firms in the forex space were wiped out because they were not hedged against the vicious swing in the Swiss franc and related large ripples in other currencies.
I am seeing lots of articles, from bloggers, financial pros and academics warning of potential for major economic damage from this action. It has been compared to the Lehman collapse and the Nixon killing of the remnants of the gold standard. I don't see that type of contagion. You can (and I know Moon will) point out my foolishness if I turn out to be wrong in this assessment. :-)