Tuesday, November 15, 2011

When Deustch Bank Panics what do you do?

So it would seem that DB has finally reached for the emergency parachute, and has contacted the ECB president with a presentation which can be summed up as:  Do nothing and the Europe ship goes down in flames, or print lots of money, delay the end of the Euro experiment and maybe end up with hyperinflation in a few years.  But at least you stand the chance of delaying the "end of the world as we know it".

Don't believe me check this out, in living color thanks to DB here

It speaks for the "moral bankruptcy of Europe's financial institution that they are ready to write, black on white (with lots of nice charts) that the ECB should abandon all caution to save the Euro (who cares) and the banks (I guess they care -- they have lots of vested shares).

We are getting close to the end of the beginning!

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