Deutsche Bank Says the U.S. Is Likely Headed for a Recession

Started by Mackin USA, July 07, 2016, 11:47:35 AM

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Mackin USA

"In 2007, Lehman had a leverage (the ratio of total assets to shareholder's equity) of 31-to-1. At the time that Lehman filed for bankruptcy, it had $639 billion in assets and $619 billion in debt. Still, it caused a systemic risk worldwide.

In comparison, Deutsche Bank has a mind-boggling leverage of 40-times, according to Berenberg analyst..."

https://www.thestreet.com/story/13628159/1/deutsche-bank-to-initiate-the-next-financial-crisis-stock-could-be-headed-to-zero.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Mr. Mackin

ergophobe

Or rather, IMF says DB is likely to lead us into recession.

That said, I'm always sceptical when someone whose main business is selling X says "The sky is falling and the only safe haven is X."  In this case, Gold and Oil Guy telling you to buy gold, which is close to $1400/oz right now, before DB fails and brings worldwide recession with it.

Not saying I agree or disagree... but he is grinding axes.