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Is that why Merkel is keen to avoid Grexit? If Grexit happens, what will be the impact on DB?

And I thought it is HSBC going the Lehman way.

Edited by Fairyland

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Is that why Merkel is keen to avoid Grexit? If Grexit happens, what will be the impact on DB?

And I thought it is HSBC going the Lehman way.

Of course it is, everything since 2007 has been about the banks.

The French banks could go too....

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The time from now on looks interesting.

If Greece defaults, everything will be blamed on Grexit. Methinks, will the mighty Fed use this opportunity to raise IRs to unprecedented historic highs? This will help the remaining solvent banks recapitalize faster?

Edited by Fairyland

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The time from now on looks interesting.

If Greece defaults, everything will be blamed on Grexit. Methinks, will the mighty Fed use this opportunity to raise IRs to unprecedented historic highs? This will help the remaining solvent banks recapitalize faster?

Of course when it all collapses this summer and CC2 gets under way and UK house prices collapse...No one will have seen it coming.

Well, except the bloke trying to sell off RBS for a massive loss. The bloke on the BBc actually said last night....There may never be a better time to sell.....you're not joking mate.

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all these tough bankers in control of the tiger they are riding reminds me of this ancient sketch

(Intro music)

Michael: Tiger club introduced by Jeremy Bourke.

John: Good evening one of the main problems in keeping a Siberian tiger in an ordinary suburban...ahhh hoo... (yells) oh Christ there is a wasp in here.

(We hear a number of people running around trying to swat the wasp)

Eric: Quick get him before he gets the tiger

(They keep yelling, screaming and the sound of general panic)

Eric: Well Tiger Club was introduced by (we hear the roar of a lion and the scream of the announcer)

Michael: Before the next joke there will be a short raspberry

(A short raspberry)

Michal: And you will be able to hear that again...(sound of a wasp flying past) OH!!!...Oh!!... (him running around and yelling in panic)

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Grexit could be used as the reason for DADDY QE - the next step in central banks / governments' attempts to unleash inflation to inflate away debts

It would be couched as a way of protecting the economy from the fallout of the Grexit (which in reality would hardly be felt by most normal people anyway), but would mainly be another bail out of the banks.

Given how little impact the QE programmes to date have had, DADDY QE would, indeed, be big!

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Grexit could be used as the reason for DADDY QE - the next step in central banks / governments' attempts to unleash inflation to inflate away debts

It would be couched as a way of protecting the economy from the fallout of the Grexit (which in reality would hardly be felt by most normal people anyway), but would mainly be another bail out of the banks.

Given how little impact the QE programmes to date have had, DADDY QE would, indeed, be big!

I suspect you could be right.

It could also be the trigger for WW3 !!!!

Your house is no good to you when you've just taken a bullet in the head to save the establishment :D

Edited by TheCountOfNowhere

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The time from now on looks interesting.

If Greece defaults, everything will be blamed on Grexit. Methinks, will the mighty Fed use this opportunity to raise IRs to unprecedented historic highs? This will help the remaining solvent banks recapitalize faster?

I was watching French news last night and they had an economist, Elie Cohen, talking about Grexit. He first of all said that Greece is a minuscule part of the Euro economy but... France has 45 billion lent to Greece and Germany something like 65 billion and that it is all a house of cards. If trust in the Euro or banks goes it can spin out of control very very quickly.

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I was watching French news last night and they had an economist, Elie Cohen, talking about Grexit. He first of all said that Greece is a minuscule part of the Euro economy but... France has 45 billion lent to Greece and Germany something like 65 billion and that it is all a house of cards. If trust in the Euro or banks goes it can spin out of control very very quickly.

indeed, especially as a grexit might encourage people in the other PIG countries to pressure their governments to do something similar.

the remedy for which could only be EU largesse towards those countries - at massive expense and at risk of upsetting more Germans!

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Of course when it all collapses this summer and CC2 gets under way and UK house prices collapse...No one will have seen it coming.

Well, except the bloke trying to sell off RBS for a massive loss. The bloke on the BBc actually said last night....There may never be a better time to sell.....you're not joking mate.

Did you hear Carswell, in a rather off hand manner say "it sounds like you know the market is going to crash" didn't get picked up by anybody.

Not long after that, Dimbleblum, who has been at the centre of UK poitics for 40+ years, asked Dougie to explain frational reserve banking.

Quite phucking bizarre.

Edited by shindigger

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"The trouble for Deutsche Bank is that it’s conventional retail banking operations are not a significant profit center. To maintain margins, Deutsche Bank has been forced into riskier asset classes than it’s peers."

Translation:

"Mr Bank wasn't doing very well at his day job, he thought he deserved more so went to the casino."

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"Mr Bank wasn't doing very well at his day job, he thought he deserved more so went to the casino."

Where he made a killing for first few years until Tsipras came on the scene and held him ransom...

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I suspect you could be right. It could also be the trigger for WW3 !!!!

Your house is no good to you when you've just taken a bullet in the head to save the establishment :D

I wonder what would they ask people to fight for this time.

1. Save our multicultural society?

2. Save our politicians and bankers?

3. Save our welfare state?

Edited by VeryMeanReversion

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The time from now on looks interesting.

If Greece defaults, everything will be blamed on Grexit. Methinks, will the mighty Fed use this opportunity to raise IRs to unprecedented historic highs? This will help the remaining solvent banks recapitalize faster?

Surely it will be used as an excuse to lower IRs and bring in QE4?

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Did you hear Carswell, in a rather off hand manner say "it sounds like you know the market is going to crash" didn't get picked up by anybody.

Not long after that, Dimbleblum, who has been at the centre of UK poitics for 40+ years, asked Dougie to explain frational reserve banking.

Quite phucking bizarre.

Missed that. It might have been ITV I was watching. I dont tend to watch TV now, not having a TV license.

That plus I put my foot through the TV the last time I saw those disgusting property rampers on Ch4.

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I wonder what would they ask people to fight for this time.

1. Save our multicultural society?

2. Save our politicians and bankers?

3. Save our welfare state?

As it ever was....For queen and country. State propaganda is an amazing thing. Look at Nazi Germany. Proof of the power of advertising.

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Missed that. It might have been ITV I was watching. I dont tend to watch TV now, not having a TV license.

That plus I put my foot through the TV the last time I saw those disgusting property rampers on Ch4.

I was watching it on a pensioners licence free TV.

Get a pensioner in your life. Theyre ace. they get free stuff, and a monthly cheque for doing ****** all.

I love pensioners me.

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I wonder what would they ask people to fight for this time.

1. Save our multicultural society?

2. Save our politicians and bankers?

3. Save our welfare state?

The young will have to fight for the boomers' pensions. They must be allowed to live in the manner to which they've been accustomed to.

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The young will have to fight for the boomers' pensions. They must be allowed to live in the manner to which they've been accustomed to.

I've a better idea....OLD BLOKES WAR.

Fit a GE M134 minigun to their zimmer frame and send them out to collect their pension....

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I was watching it on a pensioners licence free TV.

Get a pensioner in your life. Theyre ace. they get free stuff, and a monthly cheque for doing ****** all.

I love pensioners me.

:D:D:D

What's her name :wacko:

Edited by TheCountOfNowhere

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:D:D:D

What's her name :wacko:

Its the old man. I keep an eye on him, he pays for it all.

I sit on the stash and wait. Circuitous.

I had to give up a decent job to do it and don't regret it. Didn't realy have a choice.

T-wit t-woo....

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