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Comment by zer00eyz

5 hours ago

Deutsche banks slogan should be "If you need to do something shady call Deutsche".

At some point china will loose the ability to keep its global currency (Yuan, should be inflating) decoupled from the domestic one (Renminbi is deflating). They have been keeping long running issues in Banking, and Relestate at bay but a global recession (and were on the cusp it seems) is going to be brutal to china.

I suspect that if (when?) that hits this will turn into another Deutsche scandal.