🧵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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