The Broken Arms of Krupp! ThyssenKrupp Has NEGATIVE Enterprise Value (How The Mighty Have Fallen!)

#bubble, #inflation, Agency MBS, Bank of Japan, Banking, CMBS, CRE, Credit, ECB, Economy, Fed, Germany, Gold, Inflation, Mortgage, Oil, SPX, Stocks, Treasuries, Treasury, Venezuela, Wages, Yellen 1 Minute

I read “The Arms of Krupp” by William Manchester. A great book about the rise of ThyssenKrupp during World War II. It is one of the world’s largest steel producers, but it now has NEGATIVE ENTERPRISE VALUE.

The cause? Germany is up the creek without an economic paddle after years of gross mismanagement by Angela Merkel and her party. Mass immigration in Germany and a slowdown in the global economy aren’t helping.

A dire warning for America.

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Published by confoundedinterest17

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