vinnyt77 This is way too nuanced for HOT TAKES Vin
Please be more binary in future
More hot takes for you MC, you won’t see these on ITV
Russia and China (BRICS) expand the use of Yuan/Roubles for trade
https://www.business-standard.com/article/international/russia-ready-to-switch-to-yuan-in-foreign-trade-says-vladimir-putin-123032200404_1.html
Indonesia to phase out Visa/Mastercard due to US dollar losing dominance
https://www.republicworld.com/world-news/rest-of-the-world-news/indonesia-to-pull-the-plug-on-visa-and-mastercard-president-calls-them-a-problem-articleshow.html
Hursty Think you’ll find that’s actually news
Hursty These would be actions the US / CIA have gone to war over before, no?
Deutsche Bank next to go
Hursty nah
I’m so glad I buried all my vinyl in the garden.
Millsy CDS skyrocketing, share price tanking off the back of it, doesn’t look great
Do you reckon they will ride this out?
Hursty yes. And there’s no way Germany would let it fail so would get propped up regardless I reckon. The current Epstein scandal isn’t doing them any favours, but it’s too big to fail for Germany’s reputation.
Millsy It’s been propped up for the past few years.
Of course this might be a massive reg by me and they will fail over the weekend. (Safety post…)
alistair haven’t they all
Millsy It’s not even in the top 20 industry league tables. Long had a reputation for abject failure. It’s M&A advisory business is a laughing stock
Sorry to blow a hole in all the pessimism around DB, but no way is it in as bad a mess as CS was. US commercial real estate exposure is admittedly a weak spot, but it has been profitable for a while now and looks ok on risk metrics…
This is well worth a read on DB:
https://www.ft.com/content/1bef3178-45f2-4168-ac6a-32604ffe033f
The bank that lent Trump $300m
alistair and? 🙂
He’s good for it
Reassuring words from Dr Doom
https://www.marketwatch.com/amp/story/most-u-s-banks-are-technically-near-insolvency-and-hundreds-are-already-fully-insolvent-roubini-says-18b89f92
So everything is absolutely fine in the banking sector?
