German Government Comments On Deutsche Bank As The Monetary Madness Continues
Following the recent FOMC decision, the German government commented on Deutsche Bank as the monetary madness continues.
Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness: All 26 members of the Euro STOXX bank index are trading down led by Deutsche Bank (down another 6%). The index is lower by 2.5% and trading at a one month low…
German Government Comments On Deutsche Bank
Focus magazine on Saturday reported that Merkel is not bailing anyone out before the September 2017 election. With respect to the $14b US Justice Department fine demand, a German government spokesman said today:
“The German government…expects that at the end of these negotiations, for reasons
of fair treatment, that a fair outcome will be achieved.”
Let’s be honest, when push comes to shove, the German government will be standing by Deutsche Bank if need be. We just don’t know to what extent and at what cost if it were come to pass. Either way, the economics of banking have been damaged and will continue to be by NIRP and “yield curve control” and its different forms.