It is the 14th of October 2019

News

Stocks Soar After French Press "Confirm" Deutsche Bank Near Settlement With DOJ

Seemingly confirming the rumor, Agence France Press reports that Deutsche Bank is nearing a $5.4 billion settlement with the US Justice Department. This has catalyzed another leg higher in Deutsche Bank stock and lifted the whole market as it would appear that unconfirmed sources have 'fixed' the world's most systemically dangerous bank (despite the fact that short-dated counterparty risk is soaring).

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"It All Has A Very 2008 Feel To It" - For Deutsche Bank, The News Just Keeps Getting Worse

It has already been an abysmal day for Germany's biggest lender: overnight Deutsche Bank plunged to fresh all time lows on speculation whether the German government would or wouldn't provide state aid to the bank (if needed), forcing the bank to state it does not need the funds at the same time as the government urged markets that "you can't compare" Deutsche Bank and that "other" bank, Lehman Brothers, although looking at the chart, one may beg to differ.

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Chinese Contagion Risks Surge: Banks' Reliance On Each Other For Funding Hits All Time High

It's getting increasingly more difficult for China to deny its massively overindebted reality.

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Global Economic Overview (Brexit, China, Screwflation, Humility, Patience... )

 

Global Economic Overview (Brexit, China, Screwflation, Humility, Patience... )

 

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