Don’t Worry, Deutsche Bank Only Down 16%
The ECB will not allow a crash. That I can assure you. So please ignore the following Tweet.
Deutsche Bank down 21% in pre-market. It's time to update the Deutsche-Lehman chart.
— Morris Cabrioli (@insidegame) June 24, 2016
In support of my comforting viewpoint on what the ECB will or will not allow, I present the following concrete evidence.
Deutsche Bank Weekly Chart
Please don’t worry about any of that, just focus on the bigger picture.
Hmm.
I am not quite sure that is the picture I want to present to support my “don’t worry” case.
I have comforting news somewhere. Oh, here it is. I found it.
Deutsche Bank’s Derivatives Casino
Please consider my April 15 post Investigating Deutsche Bank’s €21 Trillion Derivative Casino in Wake of Admission it Rigged Gold and Silver.
I made a slight error in that article so here is an update.
See!
There’s nothing at all to worry about.
As of its 2015 annual report, Deutsche Bank had a mere €32.87 trillion position in interest rate derivatives and a minuscule €6.3 trillion position in currency derivatives.
What can possibly go wrong with that?
Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment ...
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