Let’s focus on what the fallout from Deutsche Bank for investors
Chris Temple joins us today to share his thoughts on the potential fallout in the investment community if/when Deutsche Bank receives or does not receive a bailout. We also discuss where investors can put their money to be protected for the short term in all this uncertainty.
Click download link to listen on this device: Download Show
Silver looking goooood..
Gold..is another story.
1322 support line
Commerz bank of Germany will go down if DB does, but the crisis may start in Italy.
Here’s an interesting article comparing Au, Ag, and Pt as stores of value.
https://srsroccoreport.com/the-top-four-precious-metals-which-will-be-the-best-investments-during-the-next-financial-crash/
Chris, there is this amazing proliferation of hedge funds, we don’t know how complicated and elaborate their interrelations are with the banks. Do we even know the value of any bank there is no transparency anymore. It all is a tangled web that makes it so hard to know the worth of any bank stocks.
For instance Bank A may hold a 20% interest in hedge fund B, and B an interest in Bank C, while C in turn is invested in A, and D holds shares in all three. How do you decide what actual worth is. DT
The hedge funds and banks range from honestly managed companies to wildly speculative ones run by promoters.
We find out when they go belly up – and see the fallout of who they take with them. Trouble is it’s Russian roulette. We never know which of these events is the one with the bullet in the chamber.
Catabasis Pharmaceuticals and Sarepta Therapeutics Announce a Joint Research Collaboration in Duchenne Muscular Dystrophy
2016-09-29 08:00 ET – News Release
CAMBRIDGE, Mass. — (Business Wire)
Catabasis Pharmaceuticals, Inc. (NASDAQ:CATB), a clinical-stage biopharmaceutical company (“Catabasis”), and Sarepta Therapeutics, Inc. (NASDAQ:SRPT), a commercial-stage developer of innovative RNA-targeted therapeutics (“Sarepta”), today announced a joint research collaboration to explore a combination drug treatment approach for Duchenne muscular dystrophy (DMD). The two companies will contribute their respective expertise to study an exon skipping treatment developed by Sarepta, together with an oral NF-kB inhibition treatment developed by Catabasis in a mouse model of DMD.
Destroy the free market and you destroy free market capitalism.
So Yellen wants to follow Japan!
http://etfdailynews.com/2016/09/29/janet-yellen-says-the-fed-will-buy-stocks-if-congress-allows-it/
This has always been inevitable. Bank of Japan has done it for many years.
I really don’t see the point of governmental ownership of shares. Fascism or communism do not work well.
I understand why she might want to prop up the stock market for political reasons, but it is misleading the public, in hiding true strength or weakness.
To prop up the pension funds. Indirect pension bailout.
I thought “they” proclaimed capitalism dead in November 2008 or was in March 2009? Maybe February 2009…At least that is what I heard on CNBC.
(I’m in favor, except for the pain of fractional shares again!)
Bloomberg Canada with Rick Rule:
http://www.bloomberg.com/news/videos/2016-09-29/gold-prices-will-go-higher-sprott-s-rule
Thanks FranSix. That was a good interview with Rick Rule and he made several good points about China, Base Metals (Nickel), Government Debt, and Gold.
The latest MacroVoices, recorded today, Michael Liebowitz guest:
http://www.macrovoices.com/podcasts/MacroVoices-2016-09-29-Michael-Lebowitz.mp3
If the first cuts out
I listen to or read economic reports that claim trade is down.
So how do they explain the BDI
I don’t understand people who as a starting position always believe politicians.
My belief if is that most politicians lie. Thus a better initial position is to assume anything said is a lie until proven true.
Yellen says the Fed is data dependent. Yellen is a DEMOCRATIC politician. I believe she will do what is best for democrats and then think of something to say to justify her actions. I.e. What she says may be the truth, but that is not her driving motive: to tell the truth. She will say whatever achieves her goals, as a primary position; regardless of whether it is true or not.
She said, a couple of years ago, the Fed would raise rates when a certain level of unemployment was achieved. Was that statement true?
Why do people expect politicians to tell the truth?
I am ranting because Jerry Brown just signed a bill in California forcing privately employed people to save for retirement unless they opt out. Seriously, California is good at pension investment? They have not one single state-run fund that meets promises made!
No problem with Ranting. Just don’t go mad in the process!
The Fed is choking on data!
Do you think he voted Republican?
http://www.zerohedge.com/news/2016-09-29/arcan-investigation
That was the week that was…..
https://m.youtube.com/watch?v=CqVNI9iVfig
Graf Hunter wrap up for the week.
Graft Hunter,..needs to run for congressman ,with a name like that
The Central Bank Heads must have had a meeting in the early morning where they slip in the back door of a building on Wall Street to avoid detection and to agree that they will support the shares of Deutsche Bank. That is the only solution left other then a frontal bail out assault. DT
Look at Deutsche Bank’s volume and price this am.
Fedsters ,BoJ ….All central banks will be helping out…..NWO at its best
What a joke…..
That’s impressive. Then there’s this:
Deutsche Bank bond trading up 15-fold in a month -Trax
By Jamie McGeever
LONDON, Sept 30 (Reuters) – Trading volume in Deutsche
Bank’s debt has more than doubled this week and soared 15-fold
in a month as investors rush to offload the embattled German
lender’s bonds.
Deutsche’s shares and ‘Co-Co’ bonds slumped to all-time lows
on Friday. Doubts over its viability mushroomed following a $14
billion fine earlier this month from the U.S. authorities for
misselling mortgage-backed securities. [nL8N1C61T0]
All markets have been affected because Deutsche has
significant trading relationships with the world’s largest
finance houses. The International Monetary Fund identified it
earlier this year as a bigger potential risk to the wider
financial system than any other global bank.
Figures from Trax, a subsidiary of MarketAxess, showed that
some 1.82 billion euros worth of Deutsche senior and
subordinated debt had changed hands in the four days up to and
including September 29, more than double the previous week’s
total of 761.5 million euros.
That represents a 15-fold increase on the 121 million euros
traded in the last week of August, underlining the extent to
which sentiment towards Germany’s biggest bank has soured.
Trading in the bank’s lower rated subordinate debt has been
more frenetic because holders of these bonds would be hit first
in the event of any restructuring.
Some 550.8 million euros of these bonds have changed hands
so far this week, more than 18 times the 30.5 million euros
traded in the last full trading week of August, Trax said.
Trax provides post-trade services for around two thirds of
all fixed income transactions in Europe.
Earlier on Friday Deutsche Bank’s shares fell
below 10 euros for the first time, bringing the stock’s losses
up to 25 percent over the last three weeks and 55 percent since
the start of the year.
The bank’s 6 percent coupon contingent convertible ‘CoCo’
bond, which is converted into equity when the bank’s capital
level falls below a certain threshold, traded below 70 cents on
the euro for the first time ever. [nL8N1C61B8]
Goldman Sachs chart is one sick puppy. It’s about to get clobbered.
Kinda like HILLY
The enemy of my enemy is my friend, Jeremy?
You can just call me Jerry 🙂
I call you Frank From Moscow, or J…..OOTB…..The Long, or The BOOT, or The Claw.
Sometimes I may still throw in the CCF (Contrarian’s Contrarian Frank). 😉
🙂 …… I feel like the Claw scratching on The Boot today!
When the Claw scratches the BOOT, it is time to be a Contrarian’s Contrarian and jump Out Of The Box …..
Anyone like drug stocks..AUPH up 34%
A good read, and I like the EXK chart, but then I’m not a chartist.
http://etfdailynews.com/2016/09/30/heres-why-investors-should-buy-gold-and-silver-on-dips/
I like pharma. We are at the start of major breakthroughs in new technologies in that area.
Picking individual stocks is difficult. I have picked good winners and bad losers, so far.
Almost every breakthrough has several companies working in the area.
http://etfdailynews.com/2016/09/30/biotech-etfs-have-room-to-run-with-several-catalysts-ahead/
DB …..Wells Fargo next