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Saturday Snarky Jam: Bill Laurance, "Swag Times"

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Captain Magic3/18/2017 7:12:12 pm PDT

re: #64 Anymouse

This is way too early in the game here for these kind of pronouncements. The UK has yet to pull the trigger on Brexit in invoking Article 50, and when that happens, after 24 months its done and over with-period, regardless of whatever agreements have or have not been made. Meanwhile, many Eurozone banks are dead men walking, and the Donald’s main bank, Deutsche Bank, has a derivatives book as big as JPMChase but a market cap of $25 B, whereas JPMC’s market cap is $323 B. When Mr. Market starts to convulse and all of these contracts held by DB have to get triggered and DB can’t honor, things can get real ugly real quick….