US Election Just Took A Backseat To Germany

Ok, so Deutsche Bank is all you need to know about today. We know we wrote about it earlier, but this is a major, major concern. Consider this from ABC News (and we don’t quote them as some kind of financial authority, but rather to emphasize the magnitude of the problem): “Germany's biggest bank is…

Oh, Look! Deutsche Bank Rallies 14% on A $5 Billion Settlement

Well, what goes up must come down and we suppose what goes down must come up - unless you’re Lehman of course. For some reason - and we know why - yesterday’s market boogeyman became today’s market savior in a testament to how ridiculous this whole enterprise has become. Here’s the headline summary for those…

Some Questions For WSJ’s Oil “Axe”

WSJ’s Summer Said has (probably inadvertently) found herself in the position of the proverbial “axe” on oil prices. According to her Twitter profile she’s “a Middle East Energy and OPEC Correspondent, The Wall Street Journal. Former Reuters Correspondent and actress.” To be clear, we have our connections there, but we’ve never spoken to her. Now…

“Iceberg Right Ahead!” Deutsche Bank In Deep, Deep Trouble

Well, don’t say we didn’t warn you on Wednesday. It was all about Deutsche Bank today as the ADRs crashed to record lows on reports hedge funds are pulling funds from the bank’s prime brokerage. In other words, there’s a run on Deutsche Bank. So for once this... ...didn’t matter. No OPEC deal was going…

OPEC “Deal” Boosts Risk; We Call False Alarm

Well, what can you say? OPEC hit everybody with a haymaker. Here’s the bullet point summary via Bloomberg: “WTI trades near $45/bbl as market focuses on meeting between OPEC ministers in Algiers. Algeria proposes 796k b/d OPEC cut at meeting.” OPEC’s strategy of pushing out high-cost competitors is at a “turning point” as members max…

Deutsche Bank On The Brink

You don’t know this, but we’ve been warning about Deutsche Bank for years. We’ve got great friends (and great people) who used to work at the bank and what’s amusing is that the last time we talked to them, they assured us that the idea of the company needing a government bailout was silly. Well,…

Political Sea Change

You know, we don’t want to get too political here. That’s not our job. But let’s face facts. There’s a very real chance Donald Trump wins the White House. The Democrats picked the wrong candidate. That’s not to blame them. She was the obvious candidate. Or was she? She’s become an easy target for criticism.…

Oil Wars Escalate As Hillary “Wins” Debate

We have previously called Donald Trump a “black swan walking” and not necessarily because we disagree with his politics. It’s just that no one has any clue what he would do as president (besides try to force Mexico to pay for a wall that will never, ever be built) and the market hates uncertainty. We…

Call A Cab: The Party Is Over

With everything going on in the world, it seems somewhat surreal that the top news is the first US presidential debate and a possible Disney bid for Twitter. Frankly, we don’t understood what exactly is wrong over at Twitter. It’s the most reliable, timely news service on the planet (even if some of it turns…

Ultimate Black Swan: Is Deutsche Bank About To Collapse?

Needless to say, all anyone cares about on Monday is the presidential debate which has morphed into a Super Bowl-like spectacle. It’s almost like we should have just declared a national holiday so everyone could sit around, drink beer and tailgate ahead of it. But alas, money never sleeps as they say (well, except on…