Switzerland's Central Bank Makes Record Profit -- January 14, 2018

More evidence of a "synchronized global economy." LOL.

From The WSJ: Switzerland's central bank -- think, US Federal Reserve -- made $55 billion last  year (2017) -- more than Apple, and way way more than the US central bank. The Swiss bank expects record profit on higher global equity and bond prices and a weaker Swiss franc. Some data points regarding the Swiss bank:

• $800 billion portfolio in foreign stocks and bonds
• expects to report a record annual profit of $55 billion for 2017
• $55 billion = 8% of the country's GDP
• by comparison, if the Federal Reserve were to run a profit of similar scale relative to the U.S. economy, it would be about $1.5 trillion
• the US Federal Reserve has earned an annual profit of around $100 billion in recent years
• the profit is more than Apple Inc earns in a year
• more than JPMorgan and Berkshire Hathaway Inc combined
• the Swiss bank's largest holding: Apple; owns almost 20 million shares of Apple
• but it has a problem: what to do with $750 billion