NEW YORK – “It stinks… we are the best city, but at the same time we are the dirtiest.” That’s how one New Yorker described the Big Apple, which could easily be described as the “Rotten Apple” as outdoor odor …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter You just don’t lend Argentina’s government money. Not in its own currency, because it relentlessly destroys that currency, and not in a foreign currency, because it will default on it. Lending money to Argentina is like …
More than just a few “fallen angels.” By Don Quijones, Spain & Mexico, editor at WOLF STREET. As part of its QE operations, the ECB continues to pour billions of freshly created euros each month into corporate bonds – and sometimes when …