"Debtors, primarily Italy and Spain, now owe Germany close to €1 trillion. Realistically, this money cannot and will not be paid back except by a central bank bailout. Yet, Eurointelligence whitewashed this as no big deal."
One employee's leg was amputated as a result of a workplace safety incident in which a forklift driver was "doing donuts". Others felt forced to walk through raw sewage.
So much for yesterday's Reuters report that there was disagreement within the ECB on the date of the first rate hike: which according to the Reuters trial balloon was supposed to be "as early as July" and not at the end of the year.
The hallmark of an economic Ponzi scheme is that the operation of the economy relies on the constant creation of low-grade debt in order to finance consumption ...
The US has arrested a former Apple employee who allegedly tried to abscond with sensitive proprietary information from the company's closely guarded self-driving car project...
According to the WSJ, China is considering holding up licenses for U.S. firms, delaying approval of mergers and acquisitions involving U.S. companies and ramping up inspections of US products at borders as part of its latest retaliation.
Reuters is out with the ECB trial balloon du jour, according to which the ECB rate hike planning might be more advanced than widely thought, and could come as early as July, news which has spiked the EUR.
