Naturally, because there’s a presidential election this year, every news cycle is very noisy. It’s critical, however, that we maintain our focus on monitoring and assessing important financial news and managing potential risk. Such is the case regarding the financial condition of Deutsche Bank (DB). DB is one of the largest financial institutions on the planet. And, right now, it may be one of today’s great systemic risks. Think Bear Stearns, Lehman Brothers…
Due to super-sized leverage (like gigantic beer steins at Oktoberfest) and significant counterparty risk, a stumble at DB will ripple through the world’s financial system and would cause great harm. Read more in this week’s On My Radar.
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