We mentioned Deutsche Bank a few times in 2016 such as here and here. It's the most important bank in Europe because it combines financial heft with political risk. Greece, Italy and Spain are the pathetic debtors punished by the responsible Germans. An open confrontation between debtors and lenders is underway again and this time the debtors (Italians) look like they won't go away quietly. Meanwhile, German moral authority is blown to smithereens if they in turn have to bail out their biggest bank, given that they made life miserable for Greece, Italy and Spain when they faced similar situations.
Deutsche Bank To Fire 10,000 Employees: 1 In Every 10
Deutsche Bank isn't at a new low, yet.
deportation of 500,000 migrants. Turkey has threatened to send migrants into Europe if it isn't paid off.
Germany's chickens are coming home to roost, but it will also be a treacherous period for the U.S. economy. In a way, Trump is lucky that the greatest political scandal in American history is unfolding because it may be the only thing that will distract voters from a recession heading into the 2020 election.
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