Deutsche Bank toxic derivative losses

AG47

Word that the "Dark Pools" were shut down in Europe this morning has everyone wondering about WHO took the brunt of the derivative losses. As the BREXIT vote was a surprise outcome it will most likely be the banks/insurance providers that offer the derivatives hedges in the first place - Deutsche Bank, of course, being the mother-ship of derivative writers.

Historic Volume Surge Forces Deutsche Bank to Shutdown "Dark Pool" Trading
http://www.zerohedge.com/news/2016-06-24/historic-volume-surge-forces-deutsche-morgan-stanley-shut-down-dark-pools

"Deutsche Bank followed suit, and temporarily shut off outside market makers in its dark pool, SuperX. The bank told outside market makers that they would be prohibited from trading in SuperX on Friday, until the bank notified them it was ready to resume."

END

Rumor has it that the Banking Cabal "insiders" had told EVERYONE in their inner circles that the BREXIT vote was rigged to "STAY" and to bet accordingly.

Now they are toast.

More to come...

Garethgrew

AG47 wrote: »

Word that the "Dark Pools" were shut down in Europe this morning has everyone wondering about WHO took the brunt of the derivative losses. As the BREXIT vote was a surprise outcome it will most likely be the banks/insurance providers that offer the derivatives hedges in the first place - Deutsche Bank, of course, being the mother-ship of derivative writers.

Historic Volume Surge Forces Deutsche Bank to Shutdown "Dark Pool" Trading
http://www.zerohedge.com/news/2016-06-24/historic-volume-surge-forces-deutsche-morgan-stanley-shut-down-dark-pools

"Deutsche Bank followed suit, and temporarily shut off outside market makers in its dark pool, SuperX. The bank told outside market makers that they would be prohibited from trading in SuperX on Friday, until the bank notified them it was ready to resume."

END

Rumor has it that the Banking Cabal "insiders" had told EVERYONE in their inner circles that the BREXIT vote was rigged to "STAY" and to bet accordingly.

Now they are toast.

More to come...

The derivatives are bleeding at an alarming rate, with all that's going on in the world today the losses are astronomical.

michaels

Garethgrew wrote: »

The derivatives are bleeding at an alarming rate, with all that's going on in the world today the losses are astronomical.

Derivatives are zero sum of course so hopefully if Deutsch are taking a bath Barclays are laughing all the way to the bank....

Thrugelmir

Deutsche Bank story is nothing new. Brexit isn't the cause of the problems.

Garethgrew

Thrugelmir wrote: »

Deutsche Bank story is nothing new. Brexit isn't the cause of the problems.

But it's made the losses far worse, it used to be 8x worse than Lehman now it's around 12x worse.

Garethgrew

Lehman shock was nothing compared to the now 12x worse debut he bank catastrophe due to the extreme losses in derivatives from the brexit fallout

mwpt

michaels wrote: »

Derivatives are zero sum of course so hopefully if Deutsch are taking a bath Barclays are laughing all the way to the bank....

Everything is zero sum (accounting for monetary inflation) but doesn't mean there are always winners. I may be missing something in your argument though.

2008 saw trillions wiped off world GDP. There wasn't some dude with a big briefcase somewhere walking off with those trillions. Some people made out well, but overall, almost everyone lost.

michaels

mwpt wrote: »

Everything is zero sum (accounting for monetary inflation) but doesn't mean there are always winners. I may be missing something in your argument though.

2008 saw trillions wiped off world GDP. There wasn't some dude with a big briefcase somewhere walking off with those trillions. Some people made out well, but overall, almost everyone lost.

That was the assets that fell in values. For the derivatives, for each person who lost betting asset prices would rise, someone won betting they would fall.

AG47

mwpt wrote: »

Everything is zero sum (accounting for monetary inflation) but doesn't mean there are always winners. I may be missing something in your argument though.

2008 saw trillions wiped off world GDP. There wasn't some dude with a big briefcase somewhere walking off with those trillions. Some people made out well, but overall, almost everyone lost.

It's the central banks who lose out. They create currency with interest owing on it, then where does that currency come from to pay the interest? It's also created out of thin air with more interest owing on it.

It's going to end badly

AG47

Right now there are many members of the European Union that were emboldened by the UK vote to Leave the EU. They are feeling nationalistic and see the UK decision as a positive thing.

Unless the EU and the Bad Guys PROVE that it is a very bad move ALL of the EU counties will try to leave.

If the stock markets continue to soar over the next few weeks it will have a very, very, very negative effect on the European Union and those that want to show the world that there is no other choice but to follow their lead.

Watch for a MASSIVE attempt by the EU and the Bad Guys to destroy the financial markets in the coming weeks as it will be the only thing left to save the EU. Come mid-July, when the derivatives are settled, there won't be much left to pass around.

Monday could go either way as the US and the Exchange Stabilization Fund will be all over propping up the markets. In the end the crash will come and then it comes down to blame.

The EU will blame the departure of the UK for the crash.

The battles are raging and you have a front row seat

mwpt

michaels wrote: »

That was the assets that fell in values. For the derivatives, for each person who lost betting asset prices would rise, someone won betting they would fall.

Incorrect. They had no liquidity so there was no book.

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