Tuesday October 20, 2020

The height of foolishness

Central banks have been injecting so much money into the global markets that an unrealistic gap has developed between economies' real and perceived performance, writes David McWilliams.

15th June, 2013
The only thing keeping Irish bond prices from collapsing is the assumption that Germany will eventually pay.

The young woman in a burka is clutching a Fendi handbag in one hand and an iPhone 5 in the other. She is surrounded by five friends, who are also in burkas. They are hovering at the entrance to a shoe shop in one of Abu Dhabi's many large shopping centres. What has caught their eyes is a pair of shoes by Salvatore Ferragamo.

Does the name Salvatore Ferragamo mean anything to you?

If not, he...

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