The collapse of Deutsche Bank continues to not just accelerate but to contagiously spread...
Deutsche Bank's CDS continues to push higher...smashing European bank risk to its highest sicne 2013...
And now Deutsche Bank's Contigent Capital securities are crashing - these are among the lowest securities on DB's capital structure and are screaming that problems loom.
Back in April 2009, we wrote what may be the first seminal article predicting the failure of capital markets as a result of widespread predatory high frequency trading and fragmented market structure when we laid out "The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans." Several years later, and countless flash crashes, we have been proven right, however one thing is missing: "the catastrophe" that finally wakes up people to the dangers of all the individual things we have warned about over the years.
Yesterday's v-shaped recovery is disappearing fast as the USD dumpage continues. Gold, Silver, and Treasuries are aggressively bid as stocks and credit plunge in the pre-market...
The USDollar is dumping...
Stocks are tumbling...
Bullion is best...
And Bonds are bid...
Everyone's favorite pharma "bro" Martin Shkreli is set to testify before the House Committee on Oversight and Government Reform on Thursday morning.
The purpose of the hearing, as delineated on the committee's website is as follows:
Craig Hemke: Unhinged Silver Fix and S&P Death Candle
Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL)
I sat down with Craig Hemke, TFMetals Report to get a much-needed update on the S&P Death Candle and to get his take on what happened with silver last Thursday.
Ponzi schemes are as old as time.