Deutsche Death Watch…”That place has been on death-watch forever. However bad it was before Anshu Jain was fired, it has to be worse now. – Former insider

Thursday, February 11, 2016
By Paul Martin

SilverDoctors.com
February 11, 2016

A write-down of this magnitude would imply that DB has a NEGATIVE net worth of 238 billion euros.
In other words, DB is technically insolvent.

Submitted by Dave Kranzler, IRD:

That place has been on death-watch forever. However bad it was before Anshu Jain was fired, it has to be worse now. – Former insider

Deutsche Bank stock has popped 6% today and the move was attributed to an announcement in the Financial Times that DB was looking at buying back several billion in senior bonds in the market at a discount – Financial Times

Before I get to the bond buyback farce, it’s safe to say the jump in DB’s stock is fully attributed to the rumor floated in Europe that the ECB was going to consider buying big bank stocks in an effort to shore up the appearance of a “healthy” banking system.

Furthermore, DB has been relentlessly sold and shorted since the beginning of 2016, down 31% in 25 trading days. It was due for a technically-driven, dead-cat, short-covering bounce. Central Bank intervention rumors being the perfect catalyst to frighten hedge fund computers into covering shorts and moronic perma-bulls into buying the dip.

The Rest…HERE

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