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But we saved everything 🙂.
Mike Bird, reporter at The Wall Street Journal, criticizes the ongoing 'War on Prices' in the UK, describing it as especially misguided within the supermarket sector.
He highlights that supermarkets operate with very slim margins, resulting in situations where their land and real estate holdings are often worth more than the firms' market value.
Bird has previously warned that efforts to reduce the influence of the bond market could provoke a reaction from investors, as detailed in his analysis of bond market backlash. In another report, he discussed how Italy's exit from the euro could lead to continued currency devaluation, referencing comparisons with Turkey’s economic approach. These earlier articles reflect his ongoing focus on structural financial pressures.