Switzerland has a strong currency, can they not compete? No, they are forced to create high value products and the raw materials to make those products become cheaper if imported.
Great interview, although I disagree with Rick's weak dollar theory, strong currencies force efficiency, when Weimar was collapsing their manufacturing did well for a while. When the mark reached zero all the industrialists went bankrupt and they were left in poverty.
Thanks Rick. Always great
mphailey 4 months ago
Rick Rule is one of my favorite analysts to learn and listen about new ideas.
EconCat88 4 months ago
Switzerland has a strong currency, can they not compete? No, they are forced to create high value products and the raw materials to make those products become cheaper if imported.
murrchops 9 months ago
Great interview, although I disagree with Rick's weak dollar theory, strong currencies force efficiency, when Weimar was collapsing their manufacturing did well for a while. When the mark reached zero all the industrialists went bankrupt and they were left in poverty.
murrchops 9 months ago