Sunday , November 24 2024
Home / Mike Norman Economics / Deutsche Bank at 90% loss of value

Deutsche Bank at 90% loss of value

Summary:
Deutsche Bank still circling the toilet bowl [Ed: Figurative Language ALERT for Art Degree people out there... they are not actually all in a big toilet bowl going around and around ofc... haha!  gotta be careful with reification Art Degree people... ]The "neo-liberal conspiracy!" continues to impress... those crafty "neo-liberals!" really know how to make the munnie don't they!Let us watch what happens to them going forward into next year if the ECB stops adding reserve assets next month (Ed Note: I'm addressing Science trained people with "us" here... Art Degree people authorized to continue with normal finger painting activities...) Deutsche Bank's decline continues apace. Shares slump to record low just above €8, down 25% in two months. Look where they were pre-GFC in May 2007

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.


Deutsche Bank still circling the toilet bowl [Ed: Figurative Language ALERT for Art Degree people out there... they are not actually all in a big toilet bowl going around and around ofc... haha!  gotta be careful with reification Art Degree people... ]

The "neo-liberal conspiracy!" continues to impress... those crafty "neo-liberals!" really know how to make the munnie don't they!

Let us watch what happens to them going forward into next year if the ECB stops adding reserve assets next month (Ed Note: I'm addressing Science trained people with "us" here... Art Degree people authorized to continue with normal finger painting activities...)

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *