Deutsche Bank Flip Flops, Now Begs For Central Bank Intervention And Ideally More QE
We were stunned 10 days ago when, out of the blue, it seemed as if Deutsche Bank had finally figured it out: namely that constant central bank intervention is leading to increasingly more dire outcomes... such as a surge in DB CDS and its stock price plunging to record lows.
The bank which had been crushed over the past month, released a solemn appeal to the ECB and BOJ, in which it made it quite clear that any additional easing and continuous easy money will only hurt both DB and its peer banks.