You thought Deutsche Bank had been deleveraged and passed all kinds of stress tests? So did I. Think again. You were lied to. According to Deutsche CEO Anshu Jain, he has no idea what would even happen to his bank if the US delayed payment on a simple T-Bill coupon for a few days, while putting changes into the payment software, only that his bank would basically melt down under this simple stress scenario.QuoteDeutsche Bank co-CEO Anshu Jain called the prospect of even a small default "utterly catastrophic."The CEOs spoke while U.S. lawmakers struggled without success to reach an agreement that would avert default and end the 12-day government shutdown. The Senate rejected a Democratic plan to push the debt-limit fight into 2015. The U.S. might not be able to pay all its bills as early as Oct. 17."There isn't life beyond default," Jain said during the panel discussion with Dimon. "This would be a very rapidly spreading, fatal disease." The potential consequences are so unfathomable that Jain said he couldn't offer the audience any meaningful recommendations on how to react.Jesus Fuck, now "Too Big To Fail" is being used as a bludgeon to threaten the US taxpayer to borrow more money? From across borders no less? Deleverage yourself, man! You are skating on thin ice! Whatever they are paying you, it is too much! You should be sent to prison!

what can stop this stock market rally?

QuoteOriginally posted by: blueraincapwhat can stop this stock market rally?Kondratiev2

QuoteOriginally posted by: blueraincapwhat can stop this stock market rally?The more interesting question is, a few days from now when it is realized to have stopped today, what will be the explanation offered?

QuoteOriginally posted by: farmerQuoteOriginally posted by: blueraincapwhat can stop this stock market rally?The more interesting question is, a few days from now when it is realized to have stopped today, what will be the explanation offered?a black swan event

QuoteOriginally posted by: ThinkDifferentQuoteOriginally posted by: farmerQuoteOriginally posted by: blueraincapwhat can stop this stock market rally?The more interesting question is, a few days from now when it is realized to have stopped today, what will be the explanation offered?a black swan event another book from Taleb.

QuoteOriginally posted by: farmerQuoteOriginally posted by: blueraincapwhat can stop this stock market rally?The more interesting question is, a few days from now when it is realized to have stopped today, what will be the explanation offered?Market correction.

QuoteTop HeadlinesEuropean Stocks Drop as Sulzer, Outotec Lower ForecastsLol, well, that is not what I expected.From another website:QuoteThanks to various readers for highlighting that Chinese ratings agency Dagong has downgraded US from A to A- thus explaining the USD sell-offSo far, we have Sulzer, Outotec, and Dagong. The odds against this trifecta, going in, were 300 billion to 1.

Why pick on Sulzer? It's been years in the doldrums.