Deutsche Bank toxic derivative losses

wotsthat

AG47 wrote: »

I'm buying silver bullion while it's still so artificially cheap, I'm happy to just watch and wait for the vale of silver to correct to the long term norm.:T

Good luck. I hope silver doubles in price - what will you spend the £300 gain on? Don't tell me; does it involve buying in the dips?

Sapphire

Hasn't a really big problem just been announced with an Italian bank (that's on top of information that was published some weeks ago about Italian banks)? I think it's the bank that's the oldest in the world…

I think many things about the failing EU are being hidden (particularly about the Eurozone). There's only so long that this can continue before it all implodes (in my view).

The_Last_Username

Sapphire wrote: »

Hasn't a really big problem just been announced with an Italian bank (that's on top of information that was published some weeks ago about Italian banks)? I think it's the bank that's the oldest in the world…

I think many things about the failing EU are being hidden (particularly about the Eurozone). There's only so long that this can continue before it all implodes (in my view).

It has been ongoing for quite a while but today:
http://www.reuters.com/article/us-eurozone-banks-italy-monte-dei-paschi-idUSKCN12P1UP
http://www.express.co.uk/finance/city/724920/Italy-s-Monte-dei-Paschi-bank-shares-SUSPENDED-after-huge-plunge

And from FT in August:
https://www.ft.com/content/821f138a-5e2a-11e6-bb77-a121aa8abd95

As for "things being hidden", some of us have been saying just that for six months or more.
You are quite correct however that the carpet can only have so much swept beneath it before it spills out.

AG47

The_Last_Username wrote: »

It has been ongoing for quite a while but today:
http://www.reuters.com/article/us-eurozone-banks-italy-monte-dei-paschi-idUSKCN12P1UP
http://www.express.co.uk/finance/city/724920/Italy-s-Monte-dei-Paschi-bank-shares-SUSPENDED-after-huge-plunge

And from FT in August:
https://www.ft.com/content/821f138a-5e2a-11e6-bb77-a121aa8abd95

As for "things being hidden", some of us have been saying just that for six months or more.
You are quite correct however that the carpet can only have so much swept beneath it before it spills out.

Six months, what about 8 years? It's clear to see that 2008 was just a case of pushing the problems into the future.

pop_gun

AG47 wrote: »

Just out of interest, does anybody think DB can be saved from this mess? If so how?

The losses will never be realised. The creditors won't ask for payment. Other vested countries will bail in DB so the Germany government doesn't have to. This will be done through proxy (a couple of hedge funds perhaps) so as not to alarm anyone.

AG47

pop_gun wrote: »

The losses will never be realised. The creditors won't ask for payment. Other vested countries will bail in DB so the Germany government doesn't have to. This will be done through proxy (a couple of hedge funds perhaps) so as to alarm anyone.

If trillions of losses are never realised, then all those who won the bets will be the losers. They would never agree to this.

Thrugelmir

AG47 wrote: »

Six months, what about 8 years? It's clear to see that 2008 was just a case of pushing the problems into the future.

The issues were always going to take decades to resolve. G10 conference in May 2010 discussed how austerity, debt levels, the recapitalisation of the banks could possibly be tackled at the same time. Japan has been in the doldrums for 30 years. What's different in the West?

theEnd

AG47 wrote: »

If trillions of losses are never realised, then all those who won the bets will be the losers. They would never agree to this.

.... or they don't exists.

Thrugelmir

AG47 wrote: »

If trillions of losses are never realised, then all those who won the bets will be the losers. They would never agree to this.

How did Barclays manage to trade the UK investment banking operation of Lehmans out at a profit? Not always what it may seem.

AG47

DB are going to be forced to release next earning report this week, get ready for another massive move down as soon as the numbers come out....