Brexit the economy and house prices part 7: Brexit Harder

movilogo

vote of no confidence in the government - something she admits is a "possibility"

If Brexit does not happen under BoJo, making it happen under Farage is also a possibility.

SouthLondonUser

adindas wrote: »

The scale of financial problem in Deutsche bank is much worse than RBS.

The share value of EUR 160 to EUR 6 in just a few year is really huge.

Too big too fail.
who want to bail the Deutsche bank out ? EU taxpayers.

It would be interesting to see how much of that bad business was done by the investment bank of Deutsche Bank in London, would it not?

DB went from a peak of ca. €88 to ca. €6.4 https://finance.yahoo.com/quote/DBK.DE?p=DBK.DE&.tsrc=fin-srch
RBS went from a peak of £57 to ca. £2.17 https://uk.finance.yahoo.com/quote/rbs.l?ltr=1

I will let you do the maths. By the way, I don't think this is the most relevant metric - I am reporting it simply because you seem so keen on it!

Still waiting for your insightful explanation of what a financial derivative is, and what maxes it toxic

wintersunshine

movilogo wrote: »

Poll suggests MORE people now want to leave the EU than after the referendum: 57 per cent of voters now want Brexit in some form and 28 per cent want to get out with NO DEAL at all

https://www.dailymail.co.uk/news/article-7182805/Poll-finds-57-cent-voters-believe-Britain-leave-EU.html

That's down for The Brexit Party a couple of %, up for the Tories a couple of %, about the same for Lab and Lib Dems on current polling trends....so basically all for parties neck and neck- 20ish % each.


Boris does seem to have taken a small amount of support fro The Brexit Party.

wintersunshine

SouthLondonUser wrote: »

The Guardian says we are now a remain nation.

FROM THE GUARDIAN

Britain is now a remain nation. We can halt this rush to Brexit
Polly Toynbee

A Survation poll for the Mail on Sunday found 54% for remain, 46% for leave. Did you miss that? That’s because the Brexit-backing paper omitted it from its report, but it’s on the Survation site. Also missing was Survation’s Westminster result: Labour in the lead on 26%, Tories 24%, Brexit party 20%, Liberal Democrats 18%. Add in 11% for the Greens, Scottish National party and Plaid Cymru combined, and in total remainers are well ahead of the leavers.

https://www.theguardian.com/commentisfree/2019/jun/25/britain-remain-brexit-tory-party

adindas

SouthLondonUser wrote: »

It would be interesting to see how much of that bad business was done by the investment bank of Deutsche Bank in London, would it not?

DB went from a peak of ca. €88 to ca. €6.4 https://finance.yahoo.com/quote/DBK.DE?p=DBK.DE&.tsrc=fin-srch
RBS went from a peak of £57 to ca. £2.17 https://uk.finance.yahoo.com/quote/rbs.l?ltr=1

I will let you do the maths. By the way, I don't think this is the most relevant metric - I am reporting it simply because you seem so keen on it!

Still waiting for your insightful explanation of what a financial derivative is, and what maxes it toxic

Yes I am very good in Math
https://ibb.co/VW5Dcm1 it is shown here from EUR120 to EUR6

wintersunshine

movilogo wrote: »

If Brexit does not happen under BoJo, making it happen under Farage is also a possibility.

If the Brexit Party stay in existence that just spilts the Leave vote and makes it more likey Remainers can muster a result by rallying around the Lib Dems.


Furthermore, you haven't even seen The Brexit Party manifesto yet - it could be :eek:

SouthLondonUser

adindas wrote: »

Yes I am very good in Math
https://ibb.co/VW5Dcm1 it is shown here from EUR120 to EUR6

Ah, yes, the famous wolfstreet.com website, whose figures are notoriously more reliable than the prices you see on Google Finance, yahoo Finance or Bloomberg.
Well, that website quotes investing.com. Go on investing.com and you'll see that the shares of DB traded in euros never approached 120; however, those listed in the US and quoted in USD did approach 115 USD or thereabout at one point. If I were to guess, I'd guess the chart you posted took the USD figures and incorrectly said it was in euros. Either that, or someone completely made up that chart.

I shall be eternally grateful if you could be so kind as to either
1) prove me wrong, by quoting any reliable price source (Bloomberg, google finance, etc), or
2) admit you were wrong and posted incorrect data

Have a good day!

cogito

SouthLondonUser wrote: »

It would be interesting to see how much of that bad business was done by the investment bank of Deutsche Bank in London, would it not?

Not much compared to the business it did in the US where it has paid fines in excess of $10bn in the past decade. The Big Short is a good read for anyone interested in the stupidity and gullibility of DB employees.

adindas

SouthLondonUser wrote: »

Ah, yes, the famous wolfstreet.com website, whose figures are notoriously more reliable than the prices you see on Google Finance, yahoo Finance or Bloomberg.
Well, that website quotes investing.com. Go on investing.com and you'll see that the shares of DB traded in euros never approached 120; however, those listed in the US and quoted in USD did approach 115 USD or thereabout at one point. If I were to guess, I'd guess the chart you posted took the USD figures and incorrectly said it was in euros. Either that, or someone completely made up that chart.

I shall be eternally grateful if you could be so kind as to either
1) prove me wrong, by quoting any reliable price source (Bloomberg, google finance, etc), or
2) admit you were wrong and posted incorrect data

Have a good day!

Google is your friend. Many newspaper are reporting the huge problem in Deutsche Bank. Tons of them

This is just one exmaple
https://www.irishtimes.com/business/financial-services/deutsche-bank-s-troubles-deepen-schadenfreude-anyone-1.3724049

This bank is too big to fail. Where does the many will come from Eu tU taxpayers ?

Everyone could see

movilogo

A Survation poll for the Mail on Sunday found 54% for remain, 46% for leave.

So a poll with limited sample where remain scored 54% makes Britain remain nation compared to national referendum where leave won 52%?