European Economics Thread
- Thread starter PiSigma
- Start date
Seems that supporting the USA really does more harm than good. Really had they simply stuck to their neutrality and used for sound banking methods instead of giving in to its greed like the USA, none of this would be happening. Admitted Switzerland is a nice place for a vacation but really the cost is too high for an extended stay. One much wonder how much it will cost now. Honestly all these US supporting leaders are all traitors and liabilities to their nations and nothing will be done about it, until things really fall apart and then open hunting seasons finally start but by then it will be too little too late and the global south get to watch the downfall of those damn dirty colonialists with having to lift a finger. How humiliating is that
Switzerland cancelled the purchase of the Gripen to buy the F-35 claiming it was cheaper. That is all you need to know really.
Switzerland stopped being a place where you could safely store money in secret bank accounts when the US, after 9/11, forced them to open up their secret bank account registry to 3rd parties. Later Obama even forced them to provide details for US citizens bank accounts, allegedly to fight tax evasion, as a result US citizens stopped being able to have bank accounts in Switzerland because it was too much of a hassle for no advantage. Singapore is headed the same way. I think the only reasonable alternative at this point is having a bank account in one of the Gulf states.
Switzerland stopped being a place where you could safely store money in secret bank accounts when the US, after 9/11, forced them to open up their secret bank account registry to 3rd parties. Later Obama even forced them to provide details for US citizens bank accounts, allegedly to fight tax evasion, as a result US citizens stopped being able to have bank accounts in Switzerland because it was too much of a hassle for no advantage. Singapore is headed the same way. I think the only reasonable alternative at this point is having a bank account in one of the Gulf states.
Annual inflation rate in the UK unexpectedly edged higher to 10.4% in February of 2023 from 10.1% in January, the first increase in four months and compared to forecasts of 9.9%. Biggest upward pressure came from cost of food and non-alcoholic beverages (18%, the highest since August 1977 vs 16.7%), mainly vegetables due to shortages of salad produce and other vegetables, amid bad weather in southern Europe and Africa, and the impact of higher electricity prices; restaurants and hotels (12.1%, the highest since June of 1991 vs 10.8%), namely alcohol served in restaurants, cafes and pubs; clothing and footwear (8.1% vs 6.2%); and health (6.8% vs 6.3%). On the other hand, a slowdown was seen in prices for transport (2.9% vs 3.1%), particularly motor fuels; furniture (8.7% vs 9.2%); housing and utilities (26.6% vs 26.7%); and recreation and culture (4% vs 5%). Compared to January, the CPI jumped 1.1%, the biggest rise in four months. source: Office for National Statistics
Good luck heating those greenhouses in British weather without cheap natural gas. They will just have to learn to live without lettuce.
At the same time the Russians have been building loads of greenhouses all over the place, putting them back into production after years of stagnation post Soviet decline when imports of such produce were cheaper.
I expect a lot of companies in Europe to be switching to burning fuel oil to replace natural gas, because of the price difference, but with Russia cutting oil production, and US eventually having to stop draining the SPR, I wonder if the oil price will remain low or not.
At the same time the Russians have been building loads of greenhouses all over the place, putting them back into production after years of stagnation post Soviet decline when imports of such produce were cheaper.
I expect a lot of companies in Europe to be switching to burning fuel oil to replace natural gas, because of the price difference, but with Russia cutting oil production, and US eventually having to stop draining the SPR, I wonder if the oil price will remain low or not.
I think Goldman Sachs have an oil target price of $80 for 2023
We are more than a bank, we can also be a financial bomb.
I was wondering when this bank is going to get it
well now that Cramer said it, I guess it is over for DB
lol, actually DB has had shaky finances for a while now
to everyone, this is still the early innings. Things will take a few more months to play out.
lol, actually DB has had shaky finances for a while now
to everyone, this is still the early innings. Things will take a few more months to play out.