1) Deutsche Bank has $75 trillion worth of Derivatives on its books but the nominal GDP of the world is $71.83 trillion.
2) Three primary factors drove Lehman Brothers into bankruptcy, and derivatives trading is not one of them. First, Lehman Brothers consistently ignored its own risk thresholds through its commercial real estate investments.
A couple hours ago, trading on Germany’s DAX Index, price slips below the 6.00 level for the first time in history now printing at 5.90.
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DB and LEH
1) Deutsche Bank has $75 trillion worth of Derivatives on its books but the nominal GDP of the world is $71.83 trillion.
2) Three primary factors drove Lehman Brothers into bankruptcy, and derivatives trading is not one of them. First, Lehman Brothers consistently ignored its own risk thresholds through its commercial real estate investments.
A couple hours ago, trading on Germany’s DAX Index, price slips below the 6.00 level for the first time in history now printing at 5.90.
Have a great day Rick.