A financial war just broke out between the United States and Europe. Two weeks ago, Europe demanding that Apple Inc.(NASDAQ:AAPL) pay $14.5 billion in back taxes. Today, the U.S. Department of Justice levied a $14 billion fine on Deutsche Bank AG (NYSE:DB). This is financial war at its finest. The United States is saying, if you attack our biggest and best company, we will attack your biggest bank. This is how wars are fought. Sactions on Russia, cyber hacking from China. Considering the world economy is a mess, having two super powers at financial war is probably not the best thing for its citizens. This promises to be full of fireworks in the next few months. Stay tuned.
By Pro-Trader
Jenny Rebekka
- Published: 19 September 2016
- Written by Jenny Rebekka