Deutsche Bank toxic derivative losses

AG47

Sailtheworld wrote: »

Just catching up on this thread.

Is this the same DB the OP declared 'toast' in 2016?

Yep, call me clairvoyant or what:T

AG47

Kentish_Dave wrote: »

OP, you claim now that you predicted these job cuts. I’m calling that as another lie, you’ve never predicted restructuring like this.

I predicted scenes like in the film the big short and I was exactly right. Could not have been more correct, those worker leaving with boxes after clearing their desk. Just like the turmoil before the chaos when L Bros went down.

AG47

AG47 wrote: »

Kentish Dave you adamantly stated that the share price was never more than 13 and you made such a fuss calling me out when I claimed the high was about 130, (sorry 124 to be specific)

Re read this post


But on the chart I posted the intraday high was actually near to 160, this is factual from the chart I posted, but ok let's assume that intraday high was not accurate let's call it 124 to be precise, either you are still way wrong.

Just look at the chart I posted before you can clearly see it's almost 160

https://www.macrotrends.net/stocks/charts/DB/deutsche-bank-aktiengesellschaft/stock-price-history

Kentish Dave do you still clim the DB share price was never ever more than 13??????????
did you ever look at that chart that showed the intraday high of around 160? Then it fell to around 130, then it fell all the way down to where we are today:eek:

AG47

Deutsche Bank's week from hell just got worse after reported links with Epstein and a US probe into its role in the 1MDB scandal



Deutsche Bank is being investigated by the US Department of Justice as part of a wider probe of the 1MDB scandal, the Wall Street Journal reported.
The New York Times also reported that compliance staff at the German bank raised concerns about its deals with Pedophile Epstein's firm. They were overruled by senior managers at the bank.
The reports add to Deutsche Bank's woes. The share price has tanked and the bank just kicked off a brutal round of job cuts and restructuring.


https://markets.businessinsider.com/news/stocks/deutsche-bank-weathers-epstein-links-doj-investigation-1mdb-2019-7-1028345284

peter3hg

AG47 wrote: »

I predicted scenes like in the film the big short and I was exactly right. Could not have been more correct, those worker leaving with boxes after clearing their desk. Just like the turmoil before the chaos when L Bros went down.

You didn't predict it. Somebody posted an article saying to expect Lehman style scenes which you preceded to parrot in your next posts.
Investment banks always send staff on gardening leave straight after announcing redundancies (would you want somebody gambling with your money after telling them they've lost their job?) so it was inevitable this would happen with the expected job cuts.
Nostradamus you ain't.

AG47

peter3hg wrote: »

You didn't predict it. Somebody posted an article saying to expect Lehman style scenes which you preceded to parrot in your next posts.
Investment banks always send staff on gardening leave straight after announcing redundancies (would you want somebody gambling with your money after telling them they've lost their job?) so it was inevitable this would happen with the expected job cuts.
Nostradamus you ain't.

You can say what you like, but the simple fact is

Scenes WERE shockingly similar to the film the big short.

This is not about me, it's about the derivative time bomb.

Sailtheworld

AG47 wrote: »

Yep, call me clairvoyant or what:T

Telling someone something which has already happened is calling remembering not predicting.

The non-collapse of DB three years after predicting their imminent collapse is evidence of being wrong rather than clairvoyance.

westernpromise

AG47 wrote: »

You can say what you like, but the simple fact is

Scenes WERE shockingly similar to the film the big short.

This is not about me, it's about the derivative time bomb.

I'm fascinated why you keep banging on about "the film the big short". This simply dramatised the actual scenes outside and inside Lehman Brothers when they went bust. Rather than going on and on about scenes in a film that you saw and obviously found exciting, why not simply refer to the scenes outside Lehman Brothers? Is it because you get all your insights from movies?

Kentish_Dave

AG47 wrote: »

Kentish Dave do you still clim the DB share price was never ever more than 13??????????
did you ever look at that chart that showed the intraday high of around 160? Then it fell to around 130, then it fell all the way down to where we are today:eek:

I never claimed that it was more than 13, I claimed that it was never more than 100, and will dig out the Bloomberg graph this week and post it.

You struggle with numbers, don’t you?

Kentish_Dave

I remember the day those scenes happened at Lehman Brothers. My office looked over theirs, and there was certainly no sense of joy, just a feeling of disappointment that people were losing their jobs.

Since then, I have worked another decade plus making my way in the markets, while the OP seems to have run up debts, failed to pay them, and developed something of an obsession.

How’s this working out for you OP?