Fund Manager: Global Economic And Banking Collapse On Deck
SilverDoctors.com
February 12, 2016
All eyes are focused on Deutsche Bank…
Submitted by PM Fund Manager Dave Kranzler, IRD:
Always love your analysis. A friend shared with me one week of your short sellers journal and I was impressed. GLNG took an extra week after you published it but it did start dropping. I’m very experienced in options. Just ordered it for your short picks…I don’t really need the info of how to play options… just like your research and analysis. – “Colin” – SHORT SELLER’S JOURNAL (link)
All eyes are focused on Deutsche Bank. Rightly so, for the most part. “As you said, Deutsche Bank is blowing up” (Dr. Paul Craig Roberts in an email to me this morning). It was reported this morning that the bank’s CEO released a memo to employees in which he assured the “troops” that everything was fine. Most people do not remember this but I’ve been cursed with a great memory for certain details. Jimmy Kayne, the CEO of Bear Stearns, when Bear blew up gave the same type of pep talk to Bear employees shortly before Bear was flushed down the toilet. Reaching even further back in the annals of epic corporate fraud induced collapses, Ken Lay gave the exact same kind of pep talk to his people right before Enron collapsed.
As the adage goes, once a rumor is denied at least three times, the fact-basis of the rumor has been confirmed.
But it’s not just DB – it’s the entire western banking system. While DB stock was getting pummeled yesterday, it escaped everyone’s attention that Morgan Stanley stock was down over 7% as well. Bank of America stock was hit 5.4%. Goldman Sachs as drubbed.
The Rest…HERE
