Major Dollar Shortage Exposed In Europe As Deutsche Bank Contagion Spreads

Thursday, September 29, 2016
By Paul Martin

by Tyler Durden
Sep 29, 2016

“Storm in a teacup” this is not.

While global markets remain calm(ish), distracted by OPEC headlines, US election ‘entertainment’, and Middle East proxy wars, the reality is, something very ugly is accelerating in Europe. With the collapse of the “most systemically dangerous bank in the world” we should hardly be surprised, but Deutsche Bank’s crash is being shrugged off by average joes on mainstream media… and besides, the central banks will save us, right?

Well, Deutsche contagion is spreading… rapidly.

Since Deutsche’s recent highs, the short-end of the EUR-USD basis swap curve has collapsed…

The Rest…HERE

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