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Mar 27, 2023, 6 tweets

🧵Smartkarma #macro #threadoftheday

Bank Watch – Deutsche, Deustche Alles Ist Vorbei
— Andreas Steno @AndreasSteno

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Why is Deutsche Bank suddenly selling off violently again without a trigger?

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Could the FIMA-repo usage be a hint that a European entity needs USDs?

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We look at alternative explanations of the contagion in European banking stocks

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In Conclusion:

"Deustche Bank is selling off rapidly without an evident trigger event. What is going on? Is the crisis spreading to Europe and will it turn into a credit crisis? We look at the situation here." — Andreas Steno

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