Deutsche Bank AG (DB)

[fromtheuk]

Only if you believe the book (which I don’t)

I see DB with a book value billions in the negative as it’s risks are not fairly valued

Dirivatives for example are something trivial like 0.05%

If that was valued at anything like true risk, (say 0.5%) DB out of business and the EU in the middle of the next financial crisis.

Italian debt again trivial.. would you loan Italy money over 10 years for a little over 3%

I see Italy defaulting / restructuring over the next 5 years as 50 / 50. That risk is not reflected.