Grizzly truth about Europe breaks free
The Slog: The symbol-cum-mascot for Berlin is a bear…..und Mein Gott, the bad
news bears are now working overtime to cram in all the evidence of
disaster held back behind the dam until Fraud Oktor Merkel was back in
command of the Bunker.
Deustche Bank’s share value dived off a cliff after 1.30 pm CET this
afternoon, from €49 to 45.60 at the close. This followed a major revenue
warning earlier, a warning that didn’t come at any point at all between
September 5th and September 22nd. Wissen-Sie, how is ziss happenink?
All voss Quiet on ze Western Front and then Achtung – Donner und Blitzen! – all Hell is loose gebreaking.
Barry the Black Dude (having bet the farm on Germany some time ago)
did his best to provide the same “Don’t mention the Scheise” media
blackout, although towards the end there Mr Bernanke let a few feral
cats out of the carpet-bag. But since Tuesday am this week, the sluice
gates have been set at Full Open All….what with Draghi’s LTRO and Monte
del Paschei followed by Deutsche Bank’s Üntergang, and now private
pension funds being raided by the government in Poland.