A Ferrari Sold for $38,000,000… What?

Published by Philippe Herlin | Aug 21, 2014

In Pebble Beach, California, during The Quails “Concours d’Élégance”, a 1962 Ferrari 250 GTO was sold at auction by Bonhams for $38 million, which constitutes an all-time record for a collector’s automobile. What to think of this exorbitant amount?

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Is the Euro Zone Headed for a Recession?

Published by Philippe Herlin | Aug 14, 2014

The United States has just announced a 4% (annualised) growth for the second quarter, following a disastrous first quarter showing (finally revised, for the third time, at -2.1% instead of -2.9%). Though this sounds like good news, we should wait for the official revision of this 4% number that look...

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Austria Struggling with its Banks in Crisis

Published by Philippe Herlin | Jun 19, 2014

We often talk in these pages about the difficult situation facing Europe’s southern countries, but the financial crisis is also affecting countries that are considered sound and that have a good reputation. This is the case with Austria, facing difficulties with its banking sector.

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