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I’m in Awe of How Fast Deutsche Bank is Falling Apart

I’m in Awe of How Fast Deutsche Bank is Falling Apart Counterparties lose confidence, withdraw cash. Deutsche Bank, with $2 trillion in assets, amounting to 58% of Germany’s GDP, one of the most globally interwoven banks, with gross notional derivatives exposure of €46 trillion, right at the top along with JP Morgan (booked as €41 billion […]

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US Bank Counterparty Risk Soars After Energy MTM Debacle

US Bank Counterparty Risk Soars After Energy MTM Debacle A few dots are starting to be connected now that we have exposed the debacle of The Fed’s decision to allow banks to mark-to-unicorn their energy loans. “Something” was wrong in recent weeks as the TED-Spread surged (implying rising counterparty uncertainty among banks) and then the last week – since The […]

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The Next Financial Crisis Won’t be Like the Last One

The Next Financial Crisis Won’t be Like the Last One It seems increasingly likely the next Global Financial Meltdown will arise in the FX/currency markets. Central banks are like generals: they tend to fight the last war. The Great Financial meltdown of 2008 was centered in too big to fail, too big to jailtransnational banks and other […]

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The Crude Crash Comes To Wall Street: Counterparty Risks Rear Their Ugly Heads Again | Zero Hedge

The Crude Crash Comes To Wall Street: Counterparty Risks Rear Their Ugly Heads Again | Zero Hedge. In late 2006, default rates on lower-rate subprime private MBS began to rise considerably. Though not a very transparent market to the mainstream media-watching world, bankers knew trouble was brewing as this had not happened before in such a […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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