What's the probability that the Swiss central bank will maintain its cap on the franc vs. euro? And what is your confidence interval for when they might give it up if they do decide to give it up.
They are clearly able to maintain the cap for as long as they choose to. This is because the Swiss central bank has the ability to print Swiss francs. They can always make more, and use them to buy Euros. In fact, the phrase 'print' is misleading, as no paper is needed - only electronic money is created.
By this means, the swiss central bank is always able to lower the value of the Swiss franc - it can just carry on printing more until everyone who wants one for the price of 1 Euro 20 cents has one. It is impossible for speculators to buy more Swiss Francs...
Often, there are questions you want to know the answers to. You want other people's opinions, because knowing the answer isn't worth the time you'd have to spend to find it, or you're unsure whether your answer is right.
LW seems like a good place to ask these questions because the people here are pretty rational. So, in this thread: You post a top-level comment with some question. Other people reply to your comment with their answers. You upvote answers that you agree with and questions whose answers you'd like to know.
A few (mostly obvious) guidelines:
For questions:
For answers:
This thread is primarily for getting the hivemind's opinions on things, not for debating probabilities of propositions. Debating is also okay, though, especially since it will help question-posters to make up their minds.
Don't be too squeamish about breaking the question-answer format.
This is a followup to my comment in the open thread.