Deutsch Bank

You mentioned “ZH” a couple of times. Do you mean “Zero Hedge?”. I am not familiar with it.

There is a disconnect with your response and the content contained in this thread. I will assume you are frustrated hearing about derivative exposure because you used to own DB and got burned by it. Learn from your mistakes. DB’s derivative exposure is in at least one of their annual reports. if you take the time to find it, you will understand why knowledgeable investors have shunned DB for so long.

I should have been more gentle with you as we are not in the political forum. When you started talking about “safe places” I thought we were talking politics and not investments.

My bad, and I apologize for my insensitivity.

May I buy you an ice cream cone?
Like I said, don't own DB and never have, although my point is valid regardless of and completely independent of my past stock holdings. Also never have seen any quantification of this derivatives exposure you speak so much about. Still waiting for that, along with the 850 page annual report you're so sure you read. I even gave you the link to their annual reports, shouldn't be too hard to find for someone "knowledgeable" like yourself. Your shucking and jiving to the point of talking about ice cream cones would be comical if it wasn't so sad.

Here's the deal. All of us make mistakes, we misremember, and our memories are colored by our worldview. Some of us realize that, do our best to overcome it, and when someone points out that what we remembered may not in fact be true we do some research to figure out where the disconnect is and if we were wrong we use it as a learning experience. For example, if you show me the line in the mythical 850 page annual report quantifying DB's derivative exposure I'd thank you, it's something I've been looking for after all. I certainly wouldn't call you "boy" and start some drivel about ice cream cones. Are you capable of this kind of mature adult behavior, that's the real question?
 
Like I said, don't own DB and never have, although my point is valid regardless of and completely independent of my past stock holdings. Also never have seen any quantification of this derivatives exposure you speak so much about. Still waiting for that, along with the 850 page annual report you're so sure you read. I even gave you the link to their annual reports, shouldn't be too hard to find for someone "knowledgeable" like yourself. Your shucking and jiving to the point of talking about ice cream cones would be comical if it wasn't so sad.

Here's the deal. All of us make mistakes, we misremember, and our memories are colored by our worldview. Some of us realize that, do our best to overcome it, and when someone points out that what we remembered may not in fact be true we do some research to figure out where the disconnect is and if we were wrong we use it as a learning experience. For example, if you show me the line in the mythical 850 page annual report quantifying DB's derivative exposure I'd thank you, it's something I've been looking for after all. I certainly wouldn't call you "boy" and start some drivel about ice cream cones. Are you capable of this kind of mature adult behavior, that's the real question?

If you have access to a personal computer with the windows operating system installed and internet access, download DB’s annual reports for the last few years. Select one of these annual reports and hit the F3 key. This will open the search dialogue box. In this box, enter the search term “derivative exposure”. Windows will search all instances of derivative exposure contained in the annual report. If this does not work (it is windows, after all) look for the help key or in one of the menus of the PDF reader and follow the instructions on how to conduct a search within the document you are looking at.

This is a tremendous time-saver. If you find the information presented here useful, please tell me the annual report you looked at and give me the page number containing the appropiate information.

It is important for your research that you are able to perform your research efficiently.

After you do this, I will also look up DB’s annual report and comment on what I see, and we can discuss further if you wish.
 
If you have access to a personal computer with the windows operating system installed and internet access, download DB’s annual reports for the last few years. Select one of these annual reports and hit the F3 key. This will open the search dialogue box. In this box, enter the search term “derivative exposure”. Windows will search all instances of derivative exposure contained in the annual report. If this does not work (it is windows, after all) look for the help key or in one of the menus of the PDF reader and follow the instructions on how to conduct a search within the document you are looking at.

This is a tremendous time-saver. If you find the information presented here useful, please tell me the annual report you looked at and give me the page number containing the appropiate information.

It is important for your research that you are able to perform your research efficiently.

After you do this, I will also look up DB’s annual report and comment on what I see, and we can discuss further if you wish.
It's amazing, you appear to know how to search but appear to be unable to do so? Like I said, apparently unlike you, I've searched and the information you claim exists just isn't there. If I claim that the DB annual reports contain a section on their unicorn blood sales to the leprechauns the onus isn't on you to disprove that when you call bullshit, the onus is on me to show where that is in the annual report. That's just basic logic my friend. You made a claim about a mythical 850 page report that contains a mythical quantification of DB's derivative exposure. Unlike you, I'm humble enough to give you the benefit of the doubt that it exists and if you could produce it I'd thank you for the information. You clearly can't, using your own helpful tutorial one would think you could have re-found it by now if it existed. And you clearly lack the emotional maturity and humility to realize that you potentially could be wrong or have misremembered something.
 
As of the end of 2016, DB's gross notional derivative exposure was arnd €46trn, according to this:
https://www.reuters.com/article/us-...-exposure-fears-overblown-paper-idUSKCN12903G

Gross notional is a pretty stupid measure, though, and there's no need to get all excited about it, the way ZH does. The more interesting number would be the net market value exposure, but I haven't seen that.
The article says $41B in net exposure. Thanks for posting that, btw, the first real numbers on this topic on this thread.
 
I actually don't own a share of DB and based on my personal interaction with their mid-level employees vs GS I'd invest in GS if I was interested in investing or in that sector. I do like to call bullshit when I see bullshit though. As I correctly predicted, you, like several others on this thread, throw out "derivatives exposure" but it's all "I heard" or "I read" and you can never actually provide a source. It should have been easy for you, you allegedly read it in a non-existent 850 page annual report. See here's the thing, boy. Unlike you I actually have read DB's annual reports. What you claim to be there isn't, full stop. Just like this mythical "political correctness" you sit around lamenting all day long. How many other things that you've "heard" or "remember" might also turn out to be less than completely true, memory's a tricky little fucker? Something that would make most of stop and think.

I'm sure DB has derivatives exposure. I'd love to know what it is, beyond some hazy memory of what someone probably read on ZH or possibly even here on this very thread sometime in the last 2 years.

Too high dividen tax for non US citizen
 
I'm going the easy money route, the preferred DTK.

Just to note.

DB is melting down again. There is some chatter that the Jerries are in trouble with Libor.


DTK was called last month, the other current DB preferred's aren't experiencing any waterfalls:

sc


sc
 
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