Low Volume and Volatility – Where Is The Next Market Push Going To Happen?
Allison Ostrander and I discuss the low volatility and low volume environment for the markets. Stuck at just below all time highs and slightly above support there is going to be a break in one direction but it might take some time.
During 2018, the serially troubled Deutsche Bank – which still has a vast derivatives footprint in the U.S. as counterparty to some of the largest banks on Wall Street – trimmed its exposure to derivatives from a notional €48.266 trillion to a notional €43.459 trillion (49 trillion U.S. dollars) according to its 2018 annual report. A derivatives book of $49 trillion notional puts Deutsche Bank in the same league as the bank holding companies of U.S. juggernauts JPMorgan Chase, Citigroup and Goldman Sachs, which logged in at $48 trillion, $47 trillion and $42 trillion, respectively, at the end of December 2018 according to the Office of the Comptroller of the Curre
In 2011 when the GAO released the list of the banks that had received the $16.1 trillion in secret loans from the Fed during the financial crisis,
begin to understand why the Federal Reserve wanted to keep its $16.1 trillion in revolving loans to both domestic and foreign banks a big secret from the American people. That’s because the Federal Reserve is not just the U.S. central bank but it is also a regulator of bank holding companies, which includes the largest banks on Wall Street.
Muchie………lawsuit coming…Sears Holdings scammed….
https://www.zerohedge.com/news/2019-04-18/sears-sues-ex-ceo-lampert-steven-mnuchin-looting-company
Maybe the Fed…..will loan Stevie the money……..or else, he might tell everyone what he saw at Ft.Knox……LOL
Stevie…a Goldman Sucs Munchkin…
Banking problem is going to happen……Treasury Sect. MUCHIE, Is getting sued…
Then we have……
http://wallstreetonparade.com/2019/04/after-a-354-billion-u-s-bailout-germanys-deutsche-bank-still-has-49-trillion-in-derivatives/