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Deutsche Bank Flip Flops, Now Begs For Central Bank Intervention And Ideally More QE
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 02/16/2016 14:38
We were stunned 10 days ago when, out of the blue, it seemed as if Deutsche Bank had finally figured it out: namely that constant central bank intervention is leading to increasingly more dire outcomes… such as a surge in DB CDS and its stock price plunging to record lows.
The bank which had been crushed over the past month, released a solemn appeal to the ECB and BOJ, in which it made it quite clear that any additional easing and continuous easy money will only hurt both DB and its peer banks.
In the report titled “The Risks From Further ECB and BOJ Easing” Deutsche Bank’s Parag Thatte warned that with the Zero Lower Bound already breached in nearly a third of global markets, the benefits to risk assets from further easing no longer exist, and in fact it says that while central banks have hoped that such measures would “push investors out the risk spectrum” the “impact has been exactly the opposite.”
Well, what a difference a week makes, because whoever wrote the first DB clearly got a tap on the shoulder.
Over the weekend, it was Deutsche Bank once again who reappeared with a narrative that, not all surprisingly, was the diametrical opposite of what DB said just one week earlier, when it made it very clear, that “sorry, it was only kidding”, and that it is all up to the central banks after all. This is what Sebastian Raedler said, after he angrily took the podium over from last week’s Parag Thatte.
The post Deutsche Bank Flip Flops, Now Begs For Central Bank Intervention And Ideally More QE appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/16/deutsche-bank-flip-flops-now-begs-for-central-bank-intervention-and-ideally-more-qe/
