I’ve never seen so many excuses for the share decline in a stock. Some are blaming the recent drop on hedge fund conspiracies, to the German bank merely having a bad week, to the DOJ lack of transparency on the fine that will be agreed upon, to ordinary people simply responding to memories of Lehman.
A very common statement out of the propaganda networks of CNBC and Bloomberg is that Deutsche Bank isn’t Lehman and how regulators fixed the risky stuff and there’s nothing to fear.
Here are the top headlines on CNBC right now.
What they’re not telling you is that Deutsche Bank is the fucking garbage can of Europe. All of the Greek, Italian, Spanish and a sundry of oil debt is festooned on their balance sheet. Without the ECB fixing markets, DB would be at zero.
Nonetheless, markets have rejoiced and accepted the media narrative and have shot higher by 150 — led higher by DB.
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It’s just a matter of time. Once confidence is lost, the government can do little to restore it.
Deutsche Bank is the main clearing house for trades in Europe, there’s more at stake here than just a bank.
So you implying it no substance just a buch of jawboning? buying time till the w/e?
PLANET PONZI
Soon they will have all citizens of Planet Ponzi converted to unisexual global atheistic consumers of their shit
“Deutsche Bank is the fucking garbage can of Europe.” Yes! Yes it is. Germans love them some financial disasters, and this will be their biggest ever.