Wednesday 17 July 2019

Deutsche Bank Run a la Lehman?................from Rico

Art imitates life, life imitates high school...and Deutsche Bank imitates Lehman.
Deutsche is bleeding $1 billion per day as counterparties  pull their liquid exposure [read: money] from it, fearing their liquidity may be trapped as happened with Lehman's collapse.
- The FTV wonks call this a 'liquidity run' [read: it's a bank run].
Deutsche shares are falling in value, at the same time.
- Note the similarity of what happened to Lehman shares as it died.

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