Author: benbam

Japan has always been a large exporter and has continually exported significantly more goods and services than it imports. The result has been decades of current account surpluses that have positioned Japan as a net creditor to the world.This is a distinction also shared by the Swiss franc, often considered another haven currency.The value of foreign assets held by Japanese investors is substantially higher than […]

A surge in banks’ demand for the European Central Bank’s dollar funding increased concerns on Friday that fears over Deutsche Bank AG where forcing lenders to stock up on greenbacks. But there are signs that the drawdown may have more to do with U.S. financial reform. As investors continue to fret over Deutsche Bank, a jittery market is likely to continue leaping to negative conclusions. […]

The outstanding global derivatives market is over $700 trillion — 10 times global GDP. And amazingly, one bank, Deutsche Bank, owns about $75 trillion of those derivatives. That’s roughly 13% of all outstanding global derivatives. And Deutsche Bank is in trouble…With its tentacles extended throughout the world like a global grapevine, Deutsche Bank presents “systemic risk.” In fact, the IMF declared last month that Deutsche […]