{"id":46282,"date":"2019-05-22T07:39:16","date_gmt":"2019-05-22T12:39:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=46282"},"modified":"2019-05-22T07:47:51","modified_gmt":"2019-05-22T12:47:51","slug":"if-deutsche-bank-breaks-6-40-world-in-trouble-charles-nenner","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=46282","title":{"rendered":"If Deutsche Bank Breaks $6.40 World in Trouble \u2013 Charles Nenner"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/usawatchdog.com\/if-deutsche-bank-breaks-6-40-world-in-trouble-charles-nenner\/\">If Deutsche Bank Breaks $6.40 World in Trouble \u2013 Charles Nenner<\/a><\/h3>\n\n\n\n<p>Renowned geopolitical and financial cycle expert Charles Nenner says if there was ever a global canary in the coal mine warning for the financial system, it is Germany\u2019s Deutsche Bank (DB). Late last year, Nenner predicted if DB stock went below $8 a share, \u201cYou should be worried.\u201d Recently, DB stock hit all-time lows and now sits around the $7.50 per share level.<\/p>\n\n\n\n<p>Nenner warns, \u201cI see it can hold up to late July, and then it can go to $6.50 (per share). If it breaks below $6.40, it can go out of business. So, it\u2019s a very serious situation. . . . I think all the markets can have a bounce in a couple of days to the end of July. That\u2019s why DB might hold up, but if it gets below $6.40, the world is in trouble.\u201d<\/p>\n\n\n\n<p>This is not a hyped prediction considering the IMF called DB the \u201cmost systemically dangerous bank\u201d in the world in 2016. If DB does break $6.40, do we get a daisy chain of default around the world? Nenner says, \u201cIt is a very dangerous situation. I don\u2019t think DB is the only one. They just got caught. I think if you look at the balance sheets very closely of other banks, especially Europe and Italian banks, you will see a lot of troubling signs also. I don\u2019t think it\u2019s only Deutsche Bank. It\u2019s much more. . . . If it breaks $6.40, the downside price target is zero. If everybody watches my analysis and it does go below $6.40, everybody is going to run for the exits.\u201d<\/p>\n\n\n\n<p>If DB goes under with its massive book of derivatives, other banks would be in the same trouble as DB. Nenner says, \u201cYes, if they have to close their derivatives, who knows which bank is going to lose how much? It\u2019s going to be a big problem.\u201d<\/p>\n\n\n\n<p>&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If Deutsche Bank Breaks $6.40 World in Trouble \u2013 Charles Nenner Renowned geopolitical and financial cycle expert Charles Nenner says if there was ever a global canary in the coal mine warning for the financial system, it is Germany\u2019s Deutsche Bank (DB). Late last year, Nenner predicted if DB stock went below $8 a share, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[20946,1849,359,418,9699],"class_list":["post-46282","post","type-post","status-publish","format-standard","hentry","category-economics","tag-charles-nenner","tag-financial-markets","tag-germany","tag-imf","tag-usa-watchdog"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46282"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46282\/revisions"}],"predecessor-version":[{"id":46283,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/46282\/revisions\/46283"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}