EU Banks are now through the February “crisis” lows. It’s just a matter of time before Mr. Market vetoes NIRP or Negative Interest Rate Policy.
Negative rates are crucifying European financial institutions as the easy money made on short term net interest margin has vanished.
EU Banks through the February Lows
Similar to the GOP establishment and Donald Trump, Central Bankers are confused, don’t understand the risks they’re creating and don’t know what to do next.
On May 31st, we recommended our subscribers get long volatility, join us here:
Get on the Bear Traps ReportOne of our classic 21 Lehman Systemic Risk Indicators is found in Deutsche Bank 5 year sub CDS. When people are paying up for default protection on a bank this large, beware.
Cost of Default Protection on Deutsche Bank
