Deutsche Bank

GoldCore's picture

Trapped Central Banking and Gold

Our freedom and prosperity ends when we adopt the counterparty theft of central bank’s monopoly money.

Tyler Durden's picture

Volkswagen Scandal Becomes "Investor's Nightmare" As German Government Dragged In

The fallout from the emissions scandal that triggered a harrowing plunge in Volkswagen's shares and now threatens to derail the German economy continues as Detusche Bank delivers a sobering assessment, the Green party blames Berlin, BaFin lanches an investigation, and the town of Wolfsburg panics.

Tyler Durden's picture

The Clock Is Ticking On The U.S. Dollar As World's Reserve Currency

After 35 years of falling and now zero rates, the direction is only up for the cost of money, as is the cost to service debt, along with the burden to those who are most indebted (i.e. the U.S.). What should no longer be unthinkable is that the clock is ticking on America’s status as the holder of the reserve currency. If you still doubt this proposition, consider that China is in the process of setting up a third benchmark for oil, along with Brent and West Texas Intermediate, for trading oil futures contracts. And unlike the existing contracts, these will be traded in Renminbi. Who needs the dollar?

Tyler Durden's picture

The "Economissed" Track Record Revisited: Last Month, 82% Of "Experts" Expected A September Fed Hike

Because the only people worse at their jobs than weathermen are economists...

Tyler Durden's picture

When Doves Cry: Bedeviled By Dollar "Dilemma", Trapped Fed Faces FX Catch-22

"When central bankers start talking like FX strategists, it can signal something important"...

Tyler Durden's picture

Foucault Does FOMC: Deutsche Bank Explains The Fed's Decision By Mixing Quantum Theory With Post-Modernism

"The market is now observing itself from another angle as an observer of the observer of the observers."

Tyler Durden's picture

Greece Votes: Syriza Wins But Neo-Nazis Top Among The Unemployed

Greece went to the polls on Sunday with a choice that really wasn't a choice and even as Alexis Tsipras looks set to prevail the most shocking electoral outcome is this: neo-Nazi Golden Dawn is set to come in third and garnered the most support of any party among Greece's unemployed.

Tyler Durden's picture

The Fed's First "Policy Error" Was Not Yellen's "Dovish Hold" But Bernanke's Tapering Of QE3

"At a recent investor gathering a question was asked, prior to the FOMC meeting, in the spirit of why the Fed should raise rates, whether or not anyone could argue that tapering itself was a “mistake”. It is an interesting question but the answer is surely a resounding “yes”. While a counterfactual is hard to prove, the impact of tapering in rates space is self evident. From the moment it began we saw a relentless fall in long term rates and a return to where those rates more or less stood around the onset of (endless) QE3." - DB

Tyler Durden's picture

The Fed Is Trapped: The Naked Emperor's New "Reaction Function"

On Thursday, the Fed made it clear that its reaction function has changed. "Data dependency" is gone (or at least relegated to the backburner in times of global turmoil), and international and financial market developments are now officially guiding the FOMC's (tentative) hand. This epochal shift has left market participants asking one very simple question: "Ok, now what?" 

Tyler Durden's picture

Weekend Reading: Fed Rate Failure

The current surge in deflationary pressures is not just due to the recent fall in oil prices, but rather a global epidemic of slowing economic growth. While Janet Yellen addressed this "disinflationary" wave during her post-meeting press conference, the Fed still maintains the illusion of confidence that economic growth will return shortly. Unfortunately, this has been the Fed's "Unicorn" since 2011 as annual hopes of economic recovery have failed to materialize.

Tyler Durden's picture

Greece Heads Back To The Polls: Full Sunday Election Preview

Don't look now but Greece (remember them?) is headed back to the polls on Sunday in an election that pits a watered down version of Alex Tsipras and Syriza against the conservative New Democracy. With Syriza's original vision relegated to the realm of "wishful thinking", Greeks face a choice that really is no choice at all.

Tyler Durden's picture

"We Will Have A Downturn", Dalio Warns, Return To QE Inevitable

"What scares me, or what worries me, is what the next downturn in the economy looks like, with asset prices where they are and a lesser ability of central banks to ease monetary policy."

Tyler Durden's picture

9 Market Scenarios As Goldman Warns Stocks Are "Vulnerable"

Goldman Sachs said yesterday that financial markets are vulnerable because nobody can agree on what the Fed will do. While equity investors have been anticipating this moment with all the excitement and tension of a prizefight, as Bloomberg reports, bets on the outcome from the Federal Reserve’s rate decision are far more complicated than simply “win or lose” for stocks. Amid the tumultuous background, here are predictions of nine money managers and strategists on what to expect this afternoon...

Tyler Durden's picture

China Outflows Said To Surpass A Staggering $300 Billion In Under Three Months

Whether Janet Yellen admits it or not, you can bet that going into today’s most important Fed meeting ever (until the next one) the supposedly “data dependent” FOMC has taken a good hard look at what’s happening in China in the wake of Beijing’s not-so-smooth transition to a new currency regime. A fresh look at the data suggests outflows from July through mid-Septemeber total more than $300 billion.

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