Deutsche Bank Failing...

[Grant H.]

This is bad news for the global economy...

Laying off 18,000 people, pulling out of global sector

The EU is totally screwed at this point. Their two major sources of money, UK and GER, are no longer there. UK is leaving, and GER is in trouble based on how tied to the .gov Deutsche Bank actually is. This means there's no money to continue to cover Greece's colossal 'ef up, and all the other socialist BS in the EU...

It will be very interesting to watch how this goes in the coming days/weeks, because this literally could be the start of the global recession/crash (not trying to be alarmist, but the way the board is stacked with all the BS between Russia, China, the EU, the USA, etc, this could get really bad, really quick).

[DFBrews]

This is bad news for the global economy...

Laying off 18,000 people, pulling out of global sector

The EU is totally screwed at this point. Their two major sources of money, UK and GER, are no longer there. UK is leaving, and GER is in trouble based on how tied to the .gov Deutsche Bank actually is. This means there's no money to continue to cover Greece's colossal 'ef up, and all the other socialist BS in the EU...

It will be very interesting to watch how this goes in the coming days/weeks, because this literally could be the start of the global recession/crash (not trying to be alarmist, but the way the board is stacked with all the BS between Russia, China, the EU, the USA, etc, this could get really bad, really quick).

Wonder how current forefront potentially damaging news in the US will be used to bounce around and move attention either way

[Grant H.]

Yeah, it will be interesting.

The head of the IMF is on record saying sub-zero interest rates in Japan and from the ECB are a "net positive" for the global economy...

It's mind boggling to understand just how screwed the global economy really is...

[brutal]

Wonderful.

I just hit a major milestone I've been waiting for throughout this recovery, and was hopeful I was still on track for retirement in 2-3 years...

I shouldn't be such a pessimist, but that's fallout from the crazy market swings the last 10-12 years.

[Grant H.]

Trust me, I get where you are coming from.

I just started a new job recently-ish, and have setup retirement, health care stuff, on and on, just for this to get real interesting.

[def90]

So based on the chart in the article they are probably the only bank in the world that continued to drop in value after the 2008 crash? Sounds more like incredible mismanagement moreso than general market issues.

[Gman]

I'm also not reading this as a take on the global economy. Deutsche Bank is closing its equities line of business that has been a loser for them.

[Skip]

I'm also not reading this as a take on the global economy. Deutsche Bank is closing its equities line of business that has been a loser for them.

With the equity markets booming even! Maybe every position was short to get tRUmp?

I'm wondering if the Eurozone's decreasing access to UK taxation/capital is part of this. I know Brexit is stalling but the writing is on the wall of and the UK will have to honor the vote. A slim majority of Brits just don't want to pay for the continent (I don't blame them). That leaves Germany as Europe's economic powerhouse and the premier German bank wants out of equities? Doesn't look good.

[Aloha_Shooter]

Sounds like the shock to the socialist system that Europe needs. Not something I’m going to worry about right now.

[Grant H.]

I think you guys are missing the domino effect that this will likely carry for the global economy.

Yes, DB is "only" closing a portion of themselves, but they are laying off nearly 50% of the work force, and going through "re-organization"... A 50% reduction in work force, and "re-organization" is far more serious than "Yep, their closing their not profitable division, and business will continue unaffected". With their being tied to the hip with GER .gov, this means bad things for the financial situation in GER, which is going to lead to bad things for the rest of the EU, being as GER is one of the major cash cows for the whole of the EU.

Once the EU markets start suffering (remember, the Head of the IMF, now head of the ECB said she believes that negative interest rates are a good thing in today's economy), the entire European market is going to stall at a minimum, if not recede/crash. Anyone in the US that thinks this won't cause a stall/recession/crash for the global economy is fooling themselves. It will be the straw that broke the camels back...

The rest of the global market is over extended, we are in the single longest economical expansion in history, and things are stagnating, despite artificial propping up due to interest rate manipulation and other shenanigans... Stagnation is the precursor to major negative changes when you have debt piles like everyone in the world does...

Worldwide debt to GDP (WWD was 225% of GDP) is so grossly out of whack that there is literally only one way out of this mess now, and that is a "debt reset".

A debt reset is bad news, fyi...