IPFS News Link • Economy - International
The Multi-Trillion Dollar Derivative Bubble:
• http://www.globalresearch.ca, By Tyler Durden Moments ago the market jeered the announcement of DB’s 10% equity dilution, promptly followed by cheering its early earnings announcement ]which was a “beat” on the topline, despite some weakness in sales and trading and an increase in bad debt provisions (which at €354MM on total loans of €399.9 BN net of a tiny €4.863 BN in loan loss allowance will have to go higher. Much higher). Ironically both events are complete noise in the grand scheme of things. Because something far more interesting can be found on page 87 of the company’s 2012 financial report .
The thing in question is the company’s self-reported total gross notional derivative exposure.
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