– World’s Most Systemically Dangerous Bank Crashes Back To Record Lows:
Despite all the exuberance over the Brexit bounce in US (and UK) equities, never minds bonds, FX, and credit being far less enthusiastic, Deutsche Bank is plunging once again this morning. Having failed The Fed’s stress test for the second year running and been diagnosed by The IMF as the world’s most systemically dangerous financial entity, the giant Germanbank is getting slammed down almost 4% today, back near record lows as its ‘Lehman-esque’ path to devastation continues.
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Personal and family preparation is the key.
Whilst the collapse of DB was predicted, after the fudged 2008 collapse, when QE flooded the world economy with paper currency, it served to “Canute” the inevitable overload caused by granting unserviceable credit to everyone on the planet….deserving or not.
This is KARMA, and unfortunately it is coming to bite us all in the arse.