Archives for: Europe
Currency Wars Have Begun: Central Banks in Denial or Worse
by Mitch Feierstein about 10 years 6 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 & […]
SPANISH DEBT: MORE TOXIC THAN FUKUSHIMA & CHERYNOBOL
by Mitch Feierstein about 11 years 3 months 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 […]