Deutsche Bank toxic derivative losses

AG47

MobileSaver wrote: »

Is this the same as the guarantee that DB would go bust in 2017?!?!? :rotfl:

DB share price has gone from 130 right down to under 6!!!!!!!

I'd say that's going bust wouldn't you?

Maybe they haven't officially completely collapsed but that is a collapse in anybody's eyes.

Do you think a share price falling from 130 right down to under 6 is not a collapse? :rotfl::rotfl::rotfl::rotfl::rotfl:

DB have collapsed 95+%, how can you argue that they have not collapsed 95%?????????????

They are sitting on half a QUARDILLION of derivatives.

mayonnaise

Wow, from 50 trillion to half a quardillion:doh: in just a day!

westernpromise

How many ounces of zombies are there in a "quardillion"?

AG47

Hilarious (if you have 6 year old mentality)

Do you now try to deny the half a Quadrillion like you denied the 50 trillion?

AG47

mayonnaise wrote: »

Wow, from 50 trillion to half a quardillion:doh: in just a day!

Not just a day, it’s been building up for decades.

When we were kids we used to joke about quadrillions and gazillions

This is no joke, it’s a very serious huge number which is a very large problem

chucknorris

AG47 wrote: »

Not just a day, it’s been building up for decades.

When we were kids we used to joke about quadrillions and gazillions

This is no joke, it’s a very serious huge number which is a very large problem

I had not even heard of a quadrillion until today (I had to google it to make sure that it wasn't a made up quantity)

westernpromise

AG47 wrote: »

DB share price has gone from 130 right down to under 6!!!!!!!

On the day you started this thread three years ago, DB's share price was 13.37, not 130. So you're only out by a factor of 10, which I suppose is progress by your standards.

I'd say that's going bust wouldn't you?

No. I wouldn't. Going bust is becoming insolvent. DB aren't insolvent. They have net equity of about 60 billion, or 0.00006 "quardillion" if you prefer.

Maybe they haven't officially completely collapsed but that is a collapse in anybody's eyes.

No, it's it's a share price decline in anybody's eyes, from 13.37 to 6ish. So what? That's not what you predicted. You didn't predict a share price decline. You predicted that they'd go bust, which they show no signs of doing.

They are sitting on half a QUARDILLION of derivatives.

Once again you demonstrate that you don't know your ar5e from your elbow. Assuming you mean a "quadrillion", that's 1,000,000,000,000,000. "half a QUARDILLION" would therefore be 500 billion. It seems you think 50 trillion and 500 billion are different ways of expressing the same number. Am I right? I am, aren't I?

So how about this. You're very keen on derivatives. You know nothing whatsoever about them. You imagine that you do, however, and you parade your ignorance at every opportunity. This all marks you out as an abject sucker ripe for the plucking.

So let's you and I do a little derivative trade. DB is today trading at 6.40. I'll buy DB from you at 6.40 and I'll sell them to you at whatever they are at COB on 12/31/19.

So if at 31/12 they're at 10.00, I make 3.60. I buy off you at 6.40 and I sell to you at 10.00, so the difference is my profit. If OTOH they're at say 2.00, you make 4.40, because 6.40 - 2.00 = 4.40. This is called a contract for differences. It's a kind of derivative. See?

Now to make it really interesting for you, let's say for each euro change in the price, the settlement owed is the value of one ounce of silver at the price of 31/12. Silver's worth £12.30 an ounce today, so if that were the case on 31/12 and the price is indeed 2.00 euros, you'll win 4.4 x 12.30 = £54. But if global financial Armageddon has happened, and silver's worth £10,000 an ounce, well, you'll collect an absolute packet!

Now in the time it's taken me to write the above, DB has slipped 0.02 to 6.38. So you're already in the money! Of course, using your maths, that's not a 0.02 loss I've just suffered - it's a 12.80 loss because we count the entire underlying in both directions, don't we? :rotfl::rotfl:

So how about it AG47? Toca teca as they say in Spain. Money where your mouth is. None of your guff about things you predicted that you didn't, and no "predicting" things that have already happened. Let's see you make an actual testable prediction about DB and back it with actual skin in the game. Put up or shut up.

Edit: to be really kind I'll let you have either side of the swap. You can either buy it or sell it at 6.40.

MobileSaver

AG47 wrote: »

DB share price has gone from 130 right down to under 6! I'd say that's going bust wouldn't you?

Um, no. Seriously, your lack of understanding of how financial markets work is simply staggering.

AG47 wrote: »

DB have collapsed 95+%, how can you argue that they have not collapsed 95%??

Who argued DB have not collapsed 95%? What does that even mean? Did you mean DB's share price has collapsed from its all-time high?

Do you realise the share price is based on future expectations not on past or even current behaviour? So a company can be as strong as anything but if future profits are expected to be lower then the share price can go down... it does not mean the company is about to go bust! :shocked:

AG47

chucknorris wrote: »

I had not even heard of a quadrillion until today (I had to google it to make sure that it wasn't a made up quantity)

Exactly.

How this isn’t on the front page is any bodies guess.

How was DB allowed to get into this much trouble, these numbers are astounding

AG47

Is there a difference between USA and UK numerical amounts to Trillions and Quadrillions?

I’m still confused could somebody clear this up.

How much is half a quadrillion?

If DB derivatives book is indeed 50 Trillion, then how much is this measured in quad?