Deutsche Bank toxic derivative losses

AG47

Malthusian wrote: »

Ah, "green shoots". A phrase most recently used by Baroness Vadera in 2009, for which she was roundly mocked and criticised. She said she saw "green shoots of recovery" at almost the exact bottom of the market (January 2009), and she was proved 100% correct by the ensuing 9-years-and-counting bull market.

Previously it was used by Norman Lamont in October 1991, again to much criticism. The 1990-91 recession ended that very quarter, proving Lamont 100% correct.

I don't advocate market timing, but if there's a recession and/or stockmarket crash on, and you have a load of cash which you're scared of putting into the market, and

1) a politician says they see "green shoots"
2) everyone else in politics and the media crucifies them for being delusional / out of touch,

past performance says that it's time to bash on the wine gums.

If "green shoots" was supposed to suggest delusional optimism, I think you need a better phrase.

Nobel group were the counterparts to much of the 45 trillion toxic derivatives.

You have to ask who loses when these toxic derivatives go bad?

lisyloo

You have to ask who loses when these toxic derivatives go bad?

Can you throw any light on that?

AG47

lisyloo wrote: »

Can you throw any light on that?

Everybody.

AG47

Not Looking good for DB, as some of the employees are looking at very long prison time are starting to sing like birds.

Are they still called whistle blowers if the only reason they are singing is because they are looking at long prison time?

I would not like to be amongst the top echelon in DB management righ now.

Oh well a good message to all other bankers, hats what you get for criminal activity

You can get away with it anymore

AG47

Malthusian wrote: »

Ah, "green shoots". A phrase most recently used by Baroness Vadera in 2009, for which she was roundly mocked and criticised. She said she saw "green shoots of recovery" at almost the exact bottom of the market (January 2009), and she was proved 100% correct by the ensuing 9-years-and-counting bull market.

Previously it was used by Norman Lamont in October 1991, again to much criticism. The 1990-91 recession ended that very quarter, proving Lamont 100% correct.

I don't advocate market timing, but if there's a recession and/or stockmarket crash on, and you have a load of cash which you're scared of putting into the market, and

1) a politician says they see "green shoots"
2) everyone else in politics and the media crucifies them for being delusional / out of touch,

past performance says that it's time to bash on the wine gums.

If "green shoots" was supposed to suggest delusional optimism, I think you need a better phrase.

DB is failing, we are looking at another Lehman collapse but just at the time when the yellow jacket freedom fighters are in full swing around the world.

The yellow jackets will not let another banker bailout go ahead.

But it a too big to fail bank fails and there is no bail out then what will happen to the global financial system?


https://m.youtube.com/watch?v=SlbM-F43zMo&t=34s

AG47

The problem gets worse when world GDP growth continues to decline which means there isn't a way to pay back all of the debt owed. Armstrong computer indictates the low for global GDP to be 2020. We ate getting close to seeing the music stop.

2008 was a forerunner to the real thing come 2020. It could be 2019 that the system collapses.

michaels

Surely it would make sense for the German govt to merge Deustche and Commerzbank to reduce costs?

AG47

michaels wrote: »

Surely it would make sense for the German govt to merge Deustche and Commerzbank to reduce costs?

To failing banks just compound the loses?

AG47

DB share price hits another all time low

https://www.cmcmarkets.com/en-gb/opto/deutsche-bank-share-price-hits-all-time-lows


Deutsche Bank shares reached a new all-time low on Monday following last week’s news that police raided its Frankfurt headquarters looking for evidence of money laundering after suspicions were raised of its involvement by the Silver price manipulations


Still has a long way to fall, and what happens when all the toxic derivatives get triggered?

AG47

AFF8879 wrote: »

1) notional number is absolute, meaning many positions are offsetting
2) notional is the amount the contract is pegged to, the actual amount at risk (“market value”, or “mark to market”) is only a tiny fraction of this.
3) banks are so heavily capitalised these days - a DB failure would no doubt be serious but it would come nowhere close to triggering a collapse of the financial system.

So who takes the losses on those 45 - 50 trillion toxic derivative losss?