Tag Archives: Deutsche Bank

Deutsche Bank Aligns Itself With Disgraced ‘Hockey Stick’ Scientist

Deutsche Bank increasingly seems to be in the misinformation business. Believe it or not, it is now crawling out on a limb that has already broken off, and is trying to defend Michael Mann’s infamous “hockey stick” graph. After its recent rose-tinted analysis of the global economy, the incompetent and one-sided report on climate change it has just published hardly inspires confidence in the veracity of anything they say – especially following its failure to come clean on its real sovereign bond exposure.
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Update: Germany Heads into the Double-Dip Zone

As the Angry Analyst warned, the fiscal austerity being implemented in Greece and the other Club Med countries would soon be felt because Germany has been relying on exports to these countries – not China – for growth. Economic sentiment, as measured by the ZEW institute, collapsed in September. This is particularly significant, because as can be seen from the accompanying chart, it leads the other key indicator produced by the IFO institute. And where this indicator leads, German industrial output is sure to follow.
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What A Wicked Game to Play: The Truth Germany Conspires to Hide

Germany’s politicians are up to their necks in fraudulently covering up the true state of their banking system. Getting serious about cleaning up their banks would mean admitting the financial crisis was not all the fault of Anglo Saxon bankers. The price that Germany and Europe as a whole pays for this disingenuousness is likely to be another full-blown banking crisis. Only this time it will be Chancellor Angela Merkel and her colleagues that end up being cast as the villains.
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