Archives for: Europe

24

Currency Wars Have Begun: Central Banks in Denial or Worse

by Mitch Feierstein about 9 years 5 months ago

Here’s a piece of recent news that you almost certainly missed: A large consumer products company, Johnson & Johnson, announced a one-off loss owing to a 32 percent currency devaluation in Venezuela. The reason I expect you missed that less-than-seismic piece of news is that, unless you happen to be particularly fascinated in Johnson & […]

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SPANISH DEBT: MORE TOXIC THAN FUKUSHIMA & CHERYNOBOL

by Mitch Feierstein about 10 years 1 month ago

Just as things were looking bleak, time ticking away, and tension rising … Cesc Fabregas scored for Spain. The tournament favorites hardly daunted their major rivals in their one-all draw against Italy, but they lived to play another day. Meantime, over the same weekend, another rescue act took place. This ‘rescue’ involved €100 billion of […]

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