Deutsche Bank----The Great German Zombie

Ten and a half years later, Deutsche Bank just reported that it has shrunk yet again. Total assets, along with its derivatives portfolios, have been falling almost regularly for the past 6 quarters since all that “global turmoil” at the end of 2015 and the beginning of 2016. The bank blames, among other things, that hefty fine it was forced to pay for housing bubble era wrongdoing (so much for risk protocols). The bank’s problems are much deeper than that (no surprise).

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.