Brexit the economy and house prices part 7: Brexit Harder

SouthLondonUser

@adindas, I don't think anyone is denying there are issues at DB. But I noticed your deafening silence when I proved that the chart you posted was wrong; kind of undermines the credibility of the sources you read, doesn't it? I ask again: can you prove me wrong or are you ready to admit that that chart was wrong?

adindas

SouthLondonUser wrote: »

@adindas, I don't think anyone is denying there are issues at DB. But I noticed your deafening silence when I proved that the chart you posted was wrong; kind of undermines the credibility of the sources you read, doesn't it? I ask again: can you prove me wrong or are you ready to admit that that chart was wrong?

Did you see the chart is showing the historical data start date from 2007-2008.
Please show the figure from FT, google finance or yahoo finance the DB share from that years ??

You will notice that that DB share is free falling since that year reaching EUR 6 this year.

I have seen that from many sources that DB share was just below EUR 120 but I will let you find out yourself. Now please post that link for that year and let see who is wrong.

The point here is that those have been consistently falling since that year. It is like a time bomb before they explode which in turn it will need to be bailed out. It is too big to fail, so who are going to bail them out EU taxpayers (?).

SouthLondonUser

Yahoo finance.

https://finance.yahoo.com/quote/DB/
click on 'max' above the chart. You'll see a peak around 120. But look at the top left of the screen. It says NYSE (New York Stock Exchange) and prices in USD

Now look at the shares listed in Germany and quoted in EUR
https://finance.yahoo.com/quote/DBK.DE?p=DBK.DE&.tsrc=fin-srch
Do you see "Xetra" at the top left? That's a German exchange.
Click on max. You'll see the peak was never EUR 120 but ca. EUR 87

You were saying???

adindas

SouthLondonUser wrote: »

Yahoo finance.

https://finance.yahoo.com/quote/DB/
click on 'max' above the chart. You'll see a peak around 120. But look at the top left of the screen. It says NYSE (New York Stock Exchange) and prices in USD

Now look at the shares listed in Germany and quoted in EUR
https://finance.yahoo.com/quote/DBK.DE?p=DBK.DE&.tsrc=fin-srch
Do you see "Xetra" at the top left? That's a German exchange.
Click on max. You'll see the peak was never EUR 120 but ca. EUR 87

You were saying???

https://www.theguardian.com/business/2016/sep/26/deutsche-bank-share-price-lowest-mid-1980s

Above look at the line it is above EUR 100
IS it really matter whether it is Just below EUR110, 120, 100 ??

The point here is that it is a free fall and now reaching EUR 6.00. It is a time bomb

SouthLondonUser

I guess that "You are right, the data I posted was wrong" is too difficult a sentence to put together, right?

No one is denying the free fall and the issues of DB. My point was that your sources are very unreliable; if those people (the website where you got your famous chart) confused USD values with EUR figures, it speaks volumes about their sloppiness, unreliability and lack of understanding.

kingstreet

adindas wrote: »

It is too big to fail, so who are going to bail them out EU taxpayers (?).

Not German tax payers, as one would expect?

How many privately-owned firms have been bailed out by the EU taxpayer, presumably here you mean taxpayers of the other 27 members?

Who bailed out RBS and strong-armed LBG into buying Halifax BOS? That was the British Government using British taxpayers' money. AFAIK none of the other 27 contributed.

Still, it worked out better than the barter economy that would have been the alternative.

adindas

SouthLondonUser wrote: »

I guess that "You are right, the data I posted was wrong" is too difficult a sentence to put together, right?

No one is denying the free fall and the issues of DB. My point was that your sources are very unreliable; if those people (the website where you got your famous chart) confused USD values with EUR figures, it speaks volumes about their sloppiness, unreliability and lack of understanding.

Of course it is a free fall, it is a time bomb. So this is the impact of Brexit ehhh ???
And It is just going to be worse looking into the trend.

This is a recent news

Is the DB EUR 50 bil "bad Bank will not be affecting Euro" ?

https://www.ft.com/content/d146b22c-9033-11e9-aea1-2b1d33ac3271

https://www.express.co.uk/finance/city/1141492/deutsche-bank-news-bad-bank-financial-times-germany

kingstreet

Who said this, in June 2007?

It’s the arrogance. It’s the contempt. That’s what gets me. It’s Gordon Brown’s apparent belief that he can just trample on the democratic will of the British people. It’s at moments like this that I think the political world has gone mad, and I am alone in detecting the gigantic fraud.

They voted for Anthony Charles Lynton Blair to serve as their leader. They were at no stage invited to vote on whether Gordon Brown should be PM… They voted for Tony, and yet they now get Gordon, and a transition about as democratically proper as the transition from Claudius to Nero. It is a scandal. Why are we all conniving in this stitch-up? This is nothing less than a palace coup… with North Korean servility, the Labour Party has handed power over to the brooding Scottish power-maniac.

The extraordinary thing is that it looks as though he will now be in 10 Downing Street for three years, and without a mandate from the British people. No one elected Gordon Brown as Prime Minister…

Gordon Brown could appease public indignation over that, and secure the democratic mandate he needs, by asking the public to vote at once on him, on the new EU treaty, and on the implications of the devolutionary settlement. Let’s have an election without delay.

lisyloo

Boris Johnson said that.

Thrugelmir

adindas wrote: »

Of course it is a free fall, it is a time bomb. So this is the impact of Brexit ehhh ???
And It is just going to be worse looking into the trend.

This is a recent news

Is the DB EUR 50 bil "bad Bank will not be affecting Euro" ?

https://www.ft.com/content/d146b22c-9033-11e9-aea1-2b1d33ac3271

https://www.express.co.uk/finance/city/1141492/deutsche-bank-news-bad-bank-financial-times-germany

When RBS was nationalised at a cost of £45 billion of new share capital in 2008. It's balance sheet was £2.2 trillion. When the bad bank was eventually closed. £1.5 billion had been shed from the balance sheet. With close supervision perfectly possible to unwind positions. Probably set the example the Germans are now following. Italian banks are in an even worse state collectively than DB.