The Financial Times newspaper reported that since the beginning of the conflict in Ukraine, European companies have lost €100 billion. The media outlet indicated, citing preliminary data from a survey of 600 European groups’ annual reports and 2023 financial statements, that 176 European companies faced the depreciation of their assets while other companies closed or reduced their […]
Last spring the hoopla about Russia invading Ukraine died an ignominious death when nothing happened. This autumn, the latest Russia-will-invade boogeyman was already on life-support when the pro-western Ukrainian president decided to goose it November 26 with the breathless proclamation that Moscow intended to overthrow him “next week.” When that didn’t happen, on December 4, […]
Needless to say, few are expecting bubble symmetry to manifest now, because, well, of course, “this time it’s different.” Indeed. It’s always different and yet always the same, too. Let’s indulge in some basic logic: 1. All speculative bubbles pop, regardless of source, time or place. (100% of all historical evidence supports this.) 2. The […]
