Global ecnomic and banking collapse on deck!
Full article:
http://news-uncensored-fresh.blogspot.be/2016/02/global-ecnomic-and-banking-collapse-on.html
Always love your analysis. A friend shared with me one week of your short sellers journal and I was impressed. GLNG took an extra week after you published it but it did start dropping.
All eyes are focused on Deutsche Bank. Rightly so, for the most part. “As you said, Deutsche Bank is blowing up” (Dr. Paul Craig Roberts in an email to me this morning). It was reported this morning that the bank’s CEO released a memo to employees in which he assured the “troops” that everything was fine. Most people do not remember this but I’ve been cursed with a great memory for certain details.
As the adage goes, once a rumor is denied at least three times, the fact-basis of the rumor has been confirmed.
But it’s not just DB – it’s the entire western banking system. While DB stock was getting pummeled yesterday, it escaped everyone’s attention that Morgan Stanley stock was down over 7% as well. Bank of America stock was hit 5.4%.
