fbpx

deutsche bank

Monthly Macro Monitor: Market Indicators Review

By |2019-10-23T15:08:23-04:00July 19th, 2019|Alhambra Research, Bonds, Commodities, Currencies, Economy, Markets|

The markets we use to monitor the economy (and those that influence it, which amounts to the same thing) have been tracking an economic slowdown since the 4th quarter of last year. That's when interest rates, real and nominal, long term and short term, started to decline, credit spreads started to widen and the copper to gold ratio started to [...]

A Trickle of Belgian Colored Deutsche Bank Speculation

By |2019-07-09T19:28:22-04:00July 9th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In October 2011, the bank’s Chairman bristled at the characterization. His was not going to be a “bad bank” as many in the financial media had been saying. Pierre Mariani, chief executive of Belgium’s Dexia, preferred instead to call it the “residual bank.” No matter the label, the firm was being bailed out for the second time by the Belgian [...]

Hard Times In The Eurodollar Straits

By |2019-07-08T16:50:32-04:00July 8th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

As of trading on Friday, federal funds for the third time is now back to above where all this began. For much of 2017 and Reflation #3, the effective federal funds rate (EFF) remained steady at 16 bps above the RRP “floor.” Apart from month-end dumpings, it was consistent and predictable; the best of times, or at least what passes [...]

Spitballing In German

By |2019-06-17T18:31:03-04:00June 17th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Something just doesn’t smell right. As I’ve pointed out over the past few weeks, bill yields have been falling. The front, the 4-week instrument, has seen its equivalent rate plummet. This is consistent with deep liquidity problems as well as looming rate cuts (the two do go hand-in-hand). Over the past two session, including today, however, bill yields have spiked. [...]

Curious Rush To Combine German Banks

By |2018-12-12T18:21:31-05:00December 12th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Markets today celebrated more bad news out of Germany. Misunderstanding especially in stocks is par for the course, not that it’s much better outside of them. German officials are laying the groundwork to change the nation’s banking laws so that it’s two largest banks, really “banks”, can more easily combine. If it should ever come to that. The major sticking [...]

The Long Shadows

By |2018-11-12T16:08:24-05:00November 12th, 2018|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

The news was one of those instances when you could see they were trying a little too hard. It didn’t make any sense, not anyway in the context to which it was delivered. On September 21, unnamed German officials were supposedly championing a megamerger in the banking sector. The country’s two largest financial institutions might be brought together to save [...]

A Slight Hint Of A 2011 Feel

By |2018-06-07T18:53:54-04:00June 7th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Whenever a big bank is rumored to be in unexpected merger talks, that’s always a good sign, right? The name Deutsche Bank keeps popping up as it has for several years now, this is merely representative of what’s wrong inside of a global system that can’t ever get fixed. In this one case, we have a couple of perpetuated conventional [...]

Chart of the Week: DB, €, ‘$’

By |2018-06-01T18:40:29-04:00June 1st, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In a week which renewed the world’s mystified acquaintance with Deutsche Bank, there are only a couple charts that could justifiably represent it. The chaos caused by Italy wasn’t, of course, really just Italy. The one to really watch is on the other side of the world. It starts in Europe where Deutsche Bank resides, but where the “dollars” flow, [...]

Is Anyone Really Surprised DB’s Problems Had Nothing To Do With The DoJ Fine?

By |2018-05-31T17:03:13-04:00May 31st, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

You need only go back a little less than two years for an example. In later 2016, Deutsche Bank was a huge problem everyone was discussing if only because they couldn’t avoid it. Despite “reflation” then gripping much of the world, the German institution stood out for all the wrong reasons. Those were easily dismissed as nothing other than an [...]

Bank Reserves Appendix; One Additional Case Study

By |2018-05-11T16:48:29-04:00May 11th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Early last month, Deutsche Bank replaced one CEO pledged to paring back the bank’s ailing franchise with another committed to doing the same thing only more quickly. As I wrote at the time, “Cryan isn’t being ousted because he was wrong, but because he was right.” In comes Christian Sewing whose plans are starting to come into focus. It’s not [...]

Go to Top