iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,453 Blog Posts

This Leg of the Crisis Might Lead to a Worldwide Bank Rally

Deutsche Bank coco bonds is where the panic can be seen now, as investors fear they will miss a coupon payment. Apparently, this is an issue that can easily be addressed by the ECB, which might lead to a global rally in banks–stuffing the decapitated heads of overzealous bears into duffle bags for expeditious disposal.

There’s not much more to discuss, other than banks’ CDS blowing out, oil collapsing, China collapsing and our fucking Federal Reserve wholly intent on destroying the very fabric of civilization that the good Dr. Benjamin Bernanke crafted with his very own hands.

ITRAXX

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7 comments

  1. dyer440

    I can totally see a 2011 moment where the cb’s do some kind of coordinated action.

    Very scary if you’re super short. They won’t give up on their version of capitalism that easy. Careful out there.

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    • ironbird

      How do you explain the Japan collapse happening right now? Like this very minute.

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    • it is showtime

      They have been advancing&hastening:
      Socialism
      Totalitarianism
      Police state/State power
      as the general trend/direction

      NOT – CAPITALISM – LOL

      (in other words I believe your ‘assumptions’ are incorrect)

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      • dyer440

        You guys don’t remember Nov. 2011?
        I was all beared-up like today.. Then boom: coordinated cb’s to the rescue.

        It won’t work of course, but we’d I bet we’d -more heroine- until we finally OD.

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      • dyer440

        “I bet we’d rally”^

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      • ironbird

        Thanks for the response. Just coordination was NIRP from Kuroda. It blew up like a ACME bomb. What can they do now? Granny blows Fink in public for confidence? Hidden tool. lol

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      • ironbird

        Long a bit of $DXJ unfortunately tonight. So i understand the cavalry is coming idea. Just not seeing how.

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