Economy & Banks

Try a passenger ferry rather than shipping yourself as freight.

Utter bollocks. I've got Eikon at work which has live shipping data. Currently in the North Atlantic Ocean there are 121 container and RORO vessels, 139 tankers and 293 bulkers. I clicked on the status of some of these to check they weren't all parked up and all the ones I clicked on had their status as underway using engine.

I didn't know zerohedge had got this bad! Most of the target audience will have Eikon if they don't have Bloomberg, it's very easy to check this on the interactive map...

Must start that diet...

so sad that it has come to this...

I used to enjoy ZH... But that was when the credit crunch was in progress so all the stories were believable

Very interesting interview here:

http://www.theguardian.com/film/2016/jan/17/michael-lewis-big-short-wall-street-crash-book-film

Another nice little tidbit:

http://www.theguardian.com/technology/2016/jan/30/google-tory-battle-protect-30bn-tax-haven-bermuda

Enough with the bloody sales pitch. I told you, let me trial it and then I'll make the decision to stay with Bloomberg. Or switch to Eikon.

Also, that shipping app doesn't seem to have any data on Austria

I mean, I can see the boats but no data on ports, rail links etc.

http://www.theguardian.com/business/economics-blog/2016/feb/18/oecd-calls-less-austerity-common-sense-prevailed

Hah, just saw this. I don't think it covers the big lakes in Austria :)

I was watching stuff on the Danube, a friend was shipping some gym equipment home by boat.

Deutsche Bank circling the toilet bowl.

Will the German government prop them up is the big question.

^Not required; Bank's balance sheets have changed so much since 2007...DB are solvent, they may not be profitable, but they do not need cash. DB is not Lehman; who were hiding liabilities in Repo 105.

No capital tho'

If they are fined $14bn (more than their market cap), they're going to have to have a fire sale of their assets, which worsens their capital position further, meaning more to sell, while the world rips their face off at rock bottom prices.

They will be above capital limits even after paying all the $14bn fine (which they won't) $250bn of liquidity I believe.
If I had cash I'd be buying now.

You're not the only one

if the share price goes down far enough would anyone be looking to buy them especially with all their derivative exposure

italy pressing charges against db for false accounting
dodgy bank !

Deutsche's demise has been swift and pretty catastrophic but the DoJ fine is ludicrously big and being questioned by other parts of the U.S. government.

Talk about falling from grace though - Germany has effectively lorded it over European countries like Italy and now it's coming back to bite them. Don't underestimate the politics going on here. Italy is very far from whiter than white. Three words: Monti dei Paschi.

An interesting read here
http://www.zerohedge.com/news/2014-04-28/elephant-room-deutsche-banks-75-trillion-derivatives-20-times-greater-german-gdp

It's scaremongering of the highest order. Using notional values to assess derivative exposure is infantile

^ LOL; so true. I always come to LFGSS for my sense talk about potential global financial crisis. Isn't it exciting though? $75 trillion means we'd have to get martians to bail us out, or something?

They'd rather employ 3571428571.43 part time office administrators on 21k pro rata to do VAT returns and payroll.

That's Zerohedge for you

Looks like the trigger on exit is ramping up.
Should be a choppy times ahead.
Opportunities to make some extra pocket money are there or you may have to remortgage the house. Think I'll sit this out for the next few months.