The ECB will not allow a crash. That I can assure you. So please ignore the following Tweet.
In support of my comforting viewpoint on what the ECB will or will not allow, I present the following concrete evidence.
Deutsche Bank Weekly Chart
Please don’t worry about any of that, just focus on the bigger picture.
I am not quite sure that is the picture I want to present to support my “don’t worry” case.
I have comforting news somewhere. Oh, here it is. I found it.
Deutsche Bank’s Derivatives Casino
Please consider my April 15 post Investigating Deutsche Bank’s €21 Trillion Derivative Casino in Wake of Admission it Rigged Gold and Silver.
I made a slight error in that article so here is an update.
There’s nothing at all to worry about.
As of its 2015 annual report, Deutsche Bank had a mere €32.87 trillion position in interest rate derivatives and a minuscule €6.3 trillion position in currency derivatives.
What can possibly go wrong with that?
Mike “Mish” Shedlock