The "big" news over the weekend was widely expected, if you ask anyone outside of the core they will all know DB is a screaming short. It has been for years and is going to be the Lehman equivalent of this business cycle. We have been selling DB for literally years, a broken system with everything thrown at it and nothing has been achieved.
The backdrop is a weak fundamental picture, these challenges are not going away for DB and the measured cost cuts are not going to aid on the top-line. The spread of the 10s over 2s in Germany inversion is when you get extreme negative economic conditions, we are not far away from this now. The massive increase in European Central Bank balance sheet is just not working and is a broken system.
Sentiment indicators never stay high, once the ECB steps away for a short-period of time they collapse... DB is a textbook example of this as Europe's largest bank. They make their money on the spread between short and long term rates for deposits and loads on the retail side, and on the IB side via corporate deals, M&A etc. The biggest bank in Europe cannot make money, and will not make money again.
Best of luck those continuing to work the sell-side in DB.
The gig is up at $6.60 . Watch the global supply chains and credit start to crack apart. DB collapse will affect every central bank on the planet. This 'recession' is not a year or two away.. it's upon us. Lower interest rates and gold and silver will rise to the point that they won't be able to afford to cover the paper, and they'll have to let silver and gold run. Raise interest rates and you crash the indexes .....Go ahead chase interest rates to zero and then -negative interest rates to stimulate that equity market. The smartest money started buying Bitcoin, Silver, and Gold last Christmas eve. The tripple top on the S&P seems to be failing for the 3rd time, regardless of the upcoming interest rate drop.
We're headed for a deflationary period, where credit will stop, fiat will have a run and fiat will be hoarded in fear. The intrinsic comes back to life. Global indices down 80%, real estate down 50%, oil to $30, NatGas $1.50...... silver to $50 inside of 18 months. At some point, deflation will turn to hyperinflation and North America / Europe (western world) will find itself in a 30 YEAR (3 decade) long depression. Gold may find itself at 10-30k .. silver may find itself at 1k-3k. Bitcoin may find itself at 1M to 100M. If it's NOT intrinsic... DUMP IT before the end of October. (not financial advice, just a comment from a tin foil hat wearing Prepper.
Padlomfaan
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how does the rest of the market, real estate, economy, etc bode?
UnknownUnicorn3983388
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Good down trend from yestarday.
streetgainer
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Then you should be short the euro. DB is volcano
michro11
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@streetgainer, A volcano that is about to spew POOP to every nation on the planet. Crime pays for a little while, rekt. NEXT !!!
UnknownUnicorn3983388
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Hello, jst to say: I am see information on TV Bloomberg DB will in next 3 years give cancellations to 20000 workers.
ridethepig
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Yes @DepaFx ...very bad news and a sign of how bad things are getting there.
UnknownUnicorn3983388
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@ridethepig, And they will must pay the bigest in the world of all time, dividents to workers wich will quit, in billions.. Sory on bad eng, i think we undrstand each other. All best, nice idea.
We're headed for a deflationary period, where credit will stop, fiat will have a run and fiat will be hoarded in fear. The intrinsic comes back to life. Global indices down 80%, real estate down 50%, oil to $30, NatGas $1.50...... silver to $50 inside of 18 months. At some point, deflation will turn to hyperinflation and North America / Europe (western world) will find itself in a 30 YEAR (3 decade) long depression. Gold may find itself at 10-30k .. silver may find itself at 1k-3k. Bitcoin may find itself at 1M to 100M. If it's NOT intrinsic... DUMP IT before the end of October. (not financial advice, just a comment from a tin foil hat wearing Prepper.