“Punishment Interest” it’s lovingly called in Germany, as the ECB intends to flog savers until their mood improves.
This chart is one heck of an ugly dude. Housing Bubble 2 in its full glory has popped.
Just when you thought we’ve reached the peak of craziness, it gets even crazier.
And it’s one ugly dude.
Unilever warns about stagnation in the US, quagmire in Europe; and in China, oh my, sales plunged 20%. Sudden slowdown this quarter.
In December 1999, it started crashing, a leading indicator of investor exasperation. Now it’s down 33% from its February high .