With the news of the massive writedowns, losses and other issues at German banking giant, Deutsche Bank, I thought it best to ring up our pal and Fund Manager Dave Kranzler in order to see what he makes of it all.
Submitted by Craig Hemke, TFMetalsReport:
If you missed the story over the past 24 hours, here are two links from ZeroHedge that summarize things:
And here’s something that Dave wrote this morning before we spoke:
You might also see this:
And this, written four months ago at a site called NotQuant:
Please take the time to listen to this brief discussion and then consider the implications that a meltdown of Deutsche Bank might incur.