Silver as an investment

Deutsche Bank and Citigroup Bleed More Equity Yesterday: The Reason Should Concern Us All

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

Deutsche Bank and Citigroup Bleed More Equity Yesterday: The Reason Should Concern Us All

By Pam Martens and Russ Martens: August 16, 2018 ~  Spasms in big Wall Street bank stocks have been happening on a serial basis over the past three years. (See here and here.) Yesterday offered another one of those bank warning signs to a Congress intent on further deregulation of an already dangerously deregulated market. As the stock market grappled yesterday with fears of sinking emerging market currencies leading to loan defaults at European banks that are derivative counterparties to the biggest banks on Wall Street, the Wall Street banking sector was a sea of red. Two banks in particular sold off more than others. Deutsche Bank is the big German lender that trades on the New York Stock Exchange. It closed with a loss of 2.61 percent versus a much milder decline of 0.76 percent in the Standard and Poor’s 500 Index. Posting a final trade of $11.19, Deutsche … Continue reading