[NELSON111]

And we must also NOT forget the implosion or Deutsch Bank. They will be the Lehman Brothers of this collapse. Their derivatives entanglements are far reaching into the US markets. The US will be a market of last resort for a little while-but if they go down-it’s going to pull it all down.

I don’t care how strong the US economy looks. DB is tanking and if people think that won’t drag us down with it they don’t understand economics.

[MichaelCorleone]

Interesting you mention Deutsch Bank. Another Lehman is right.

The reason I bring that up is the current head of the IMF, Christine LaGarde, is slated to replace Mario Draghi at the ECB in October.

She has much relevant experience and she seems to me to be quite level headed. I wonder how, or even if, she will try to weather the coming storm that began at DB.