Background: Deutsche Bank is the largest bank in Germany. It has been caught up in scandal after scandal…and it has (apparently) made some REALLY bad loans….
Last year we were told that the collapse of Deutsche was nowhere near…and that things were basically “OK”…we were told that the Lehman failure was like “550 basis points for funding for Lehman”…June of 2018 for Deutsche…only 150 basis points…
www.bloomberg.com/opinion/articles/2018-06-06/deutsche-bank-s-future-is-more-fannie-mae-than-lehman
February of 2019…ooops…basis point cost to finance Deutsche…255 basis points…
www.bloomberg.com/news/articles/2019-02-11/deutsche-bank-funding-costs-show-struggle-to-end-vicious-circle
Oh Oh…April 2019…now 350 basis points…
www.breakingviews.com/considered-view/commerz-plan-b-would-leave-deutsche-bank-on-plan-c/
Extrapolating…7 months to add the first 105 basis points…2 months to add the next 95 basis points…
June or July…Deutsche goes…the Euro area fails…the rest of the world gets plunged into global economic chaos!
The ECB (European Central Bank) has been printing money like crazy – they call it “Quantitative Easing” – total BS…they already have negative interest rates in Europe…no more bullets in the ECB gun…next stop…CHAOS
AC