US sanctions hit Europe very hard

Discussion in 'Economics' started by earth_imperator, Nov 3, 2022.

  1. US sanctions hit Europe very hard

    US sanctions against Russia have led to the bankruptcy of almost all German energy companies.
    The biggest German energy company, Uniper, has just reported one of the biggest losses of ever of any company in the World:
    40 billion Euro loss in the first 9 months of this year.
    And Uniper is a publicly traded company... :)

    Germany and all Germans are very "thankful" for this US... :)
    Situation is similar everywhere in Europe - thanks to this brainless US administration... :)

    No European will ever again see anything like a "friend" in such a brainless & destructive & egoistic US anymore.. :)
    I think members of this US administration better should not visit Europe, for their own safety... :D

    Source (in German): https://www.manager-magazin.de/unte...te-ein-a-b58b3e59-941e-4788-94bf-147e1d3932e8
    "

    Knapp 40 Milliarden Euro
    Uniper fährt größten Verlust der deutschen Wirtschaftsgeschichte ein

    Der vor der Verstaatlichung stehende Energiekonzern hat in den ersten neun Monaten einen Nettoverlust von 39,3 Milliarden Euro eingefahren – auch weltweit ist das einer der höchsten Werte jemals. Die Finanzchefin hofft nun auf die Restrukturierung.
    03.11.2022, 09.30 Uhr
    [...]
    "

    Uniper-Stock.png
     
    Last edited: Nov 3, 2022
    smallfil likes this.
  2. maxinger

    maxinger

    Traders don't care.

    We just trade DAX accordingly.
     
  3. smallfil

    smallfil

    Europe is now in a huge turmoil. Anyone see the huge demonstration in Czechoslovakia? Last week, 140,000 people demonstrated in France. Probably, tens of thousands (very huge turnout in the video) demonstrating against the high food prices, high prices of gas and pretty much everything, and sanctions against Russia. They also, want all aid, including, weapons shipments to Ukraine ended. Extreme liberal media suppressing coverage of the huge demonstrations. Proud of these people standing for their rights against their abusive government, because we are in the same boat. In the US, tone deaf Democrats continue with their very bad economic policies, destroying US businesses in the process but, Joe Biden acts like everything is hunky dory.
     
  4. Cuddles

    Cuddles

    maybe don't do deals w/murderous gangsters next time?

    Play stupid games, win stupid prices.

    inb4 KSA
     
  5. d08

    d08

    That's actually the verdict in much of Europe as well. Businesses which took the massive risk with Russia lost out, that maybe it's a good lesson not touch Russia at all, treat it the same as North Korea.
     
    VicBee and Statistical Trader like this.
  6. TheDawn

    TheDawn

    It's amazing to see how much tolerance the administrators of this forum is willing to extend to Chinese propaganda bullshit that I am beginning to think that this forum is officially sponsored by the CCP.
     
  7. TheDawn

    TheDawn

    Well nobody expected Putin would be this crazy that it would actually invade a country!! We all thought at least he would be reasonable or at least normal.
     
  8. zghorner

    zghorner

    prayers to struggling europoors.
     
  9. The CCP doesn't even have to get involved.
    U.S. FED policy (along with the Treasury) is to
    1) kill inflation by starting driving rates up
    2) at the same time, continue to Monetize the Debt
    WTF

    What could go wrong?
    In case your dance card is not yet full, we can throw in the threat of Global Nuclear Exchange.
    I don't think our current leaders need any help from the CCP.
     
  10. You make it sound as if European countries didn't want to sanction Russia and aren't aligned with the US. What about the EU sanctions?
     
    #10     Nov 3, 2022
    piezoe, albion, VicBee and 2 others like this.