Deutsche Baaaank

It looks like it’s going to be a long fall.

Deutsche Bank

Sorry, I mean it already has been a long fall. But at least this fall is free.

It would be an understatement to say Deutsche Bank AG is going through a difficult period. It chalked up its third straight annual loss in 2017. The new chief executive officer, Christian Sewing, has unveiled the bank’s fourth turnaround plan in as many years, yet its shares have fallen to a record low…

How much time does the bank have? Not a lot.

Der Aktienkurs der Deutschen Bank ist auf ein neues Allzeittief gefallen. Am Mittwochmorgen notierte das Papier bei 8,76 Euro – ein Trauerspiel mit Vorgeschichte.

Update: Why Germans Always Pay Cash?

Because they can. Take cash-stuffed German mega-companies, for instance.

Cash

They’re buying everything they can find in US-Amerika these days that hasn’t been tied down.

In recent days, two multibillion-dollar deals were announced. On Sunday, the German engineering conglomerate Siemens announced a $7.6 billion acquisition of the Dresser-Rand Group, the United States oil products company. And on Monday morning, Merck of Germany, the chemical and drug giant, said it would pay $17 billion for Sigma-Aldrich, an American life sciences company.

PS: Remember when Japan was going to take over the United States? No, I guess you wouldn’t remember that. Never mind.

Where Have All The Occupiers Gone?

Wo sind sie geblieben?

Remember when an occupy camp used to be an occupy camp? When a man was a man and a woman was a woman and the occupy movement was a joke? Oh sure, it still is, but who cares  anymore?

Now, at least for the occupy camp in front of the European Central Bank in Franfurt, “garbage, rats, social distress and addiction problems have pushed the captitalism protests into the background.”

We will yet overcome or something.

Müll und Ratten sowie soziale und Suchtprobleme haben den kapitalismuskritischen Protest längst in den Hintergrund gedrängt.