Deutsche Bank - They think its all over.....
Discussion
sidicks said:
Four Litre said:
When I joined PH it was a fairly chilled out place to be, with a bit of banter and some nice likeminded people. It seems now that rather that have a chat there are quite a few idiots that for some strange reason try one upmanship by just being a rude cock.
Do I know what Im talking about? I like to think so as I have worked in finance for all my career, which is 25+ years and as a direct result of the 2008 crash am working on the separation of UK Retail and Investment banks. So as I say, I like to think I have a bit of background, not that it needs to be called into question when discussing a news article.
Shame PH has ended up this way...
So why did you bother to quote the $75 trillion derivative exposure if you know it is a meaningless figure?Do I know what Im talking about? I like to think so as I have worked in finance for all my career, which is 25+ years and as a direct result of the 2008 crash am working on the separation of UK Retail and Investment banks. So as I say, I like to think I have a bit of background, not that it needs to be called into question when discussing a news article.
Shame PH has ended up this way...
Can We assume that 'analyst' in your profile refers to some kind of IT business analyst-type role, rather than investment analyst?
Edited by sidicks on Tuesday 27th September 14:24
No not IT either, but so what if it was? Theres literally no need to try any more backhanded compliments. Keyboard warriors you may or may not be but its just a discussion around a number of articles, nothing more, nothing less. Please stop trying to willy wave and make it into something its not.
Take a look at yourself and sort out your attitude before you make PH a worse place to be for everyone.
boxxob said:
Just the first few that I found, and I know there are many more, especially on anything to do with pensions..:
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
These links appear to go to the same page, where there is nothing to note.http://www.pistonheads.com/gassing/topic.asp?h=0&a...
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
boxxob said:
The bloke was clearly being an idiot - read his claim!boxxob said:
I simply stated that anyone who claims there isn't a subsidy is an idiot - the previous poster had missed the point of the whole topic.boxxob said:
I particular like this one, where you ask someone else not to use the said personal remarks 
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
At, good old, legzr1!http://www.pistonheads.com/gassing/topic.asp?h=0&a...
I think that's called 'fighting for with fire'...!
The point is that I'm a 'idiot' about numerous topics - however, I try not to post on PH about those topics, claiming otherwise. I've only called someone an idiot where their post has suggested that is the case.
The sole purpose of highlighting the $75 trillion derivatives number is to suggest this is a meaningful number relevant to the thread under discussion. Someone who genuinely understood the issue would be highly unlikely to highlight this figure.
Four Litre, was simply asked to explain why he felt the need to highlight the figure - there may be a good reason.
Edited by sidicks on Tuesday 27th September 15:12
Four Litre said:
Ahh dear god, cant you even see what your doing!!
No not IT either, but so what if it was? Theres literally no need to try any more backhanded compliments. Keyboard warriors you may or may not be but its just a discussion around a number of articles, nothing more, nothing less. Please stop trying to willy wave and make it into something its not.
You were the one boasting about your financial services experience and you were the one highlighting the $75trillion figure. No not IT either, but so what if it was? Theres literally no need to try any more backhanded compliments. Keyboard warriors you may or may not be but its just a discussion around a number of articles, nothing more, nothing less. Please stop trying to willy wave and make it into something its not.
It seemed reasonable to understand why you thought it was relevant. I can fully understand why you might not want to reveal too much information about your role (hence why many people leave the field blank), but 'analyst' could suggest a number of things.
If you don't want to justify your original post, then no problem we'll move on.
Edited by sidicks on Tuesday 27th September 15:20
boxxob said:
perhaps check them when not logged in - it's a double strike, in the same page:
1st - you call someone an idiot;
2nd - you call someone thick - one post later than the 1st!
ok, will do.1st - you call someone an idiot;
2nd - you call someone thick - one post later than the 1st!
Had the previous poster said something 'idiotic'?
boxxob said:
And, the link I posted where you decry personal remarks, when you are the target of them, is not only the example of that, either.
If I say something idiotic then I don't have a problem with someone calling me an idiot.The other post was just direct abuse unrelated to the topic under discussion.
But I take your point!
boxxob said:
sidicks said:
boxxob said:
Just the first few that I found, and I know there are many more, especially on anything to do with pensions..:
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
These links appear to go to the same page, where there is nothing to note.http://www.pistonheads.com/gassing/topic.asp?h=0&a...
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
1st - you call someone an idiot;
2nd - you call someone thick - one post later than the 1st!
And, the link I posted where you decry personal remarks, when you are the target of them, is not only the example of that, either.
el stovey said:
TBF, I don't think it's actually his fault, he's just completely lacking in empathy. I work with a guy like this, I think it's Aspergers or something similar. Oddly financial services does attract people like this, they're usually really good at maths. Every cloud and all that.
I work with people who think they know a lot more than they actually do - it's not you, is it?Fastdruid said:
Safe is relative. DB are too big to fail and undoubtedly would be bailed if s
t really hit the fan.
The rules however say that there must be a bail-in before a bail-out however so absolute worst case is likely to be that accounts get a hair-cut.
How can they bail DB out? Would it not cause an intersting reaction in Greece, Italy etc?t really hit the fan. The rules however say that there must be a bail-in before a bail-out however so absolute worst case is likely to be that accounts get a hair-cut.
boxxob said:
there's certainly no imposter syndrome for you, is there, sidicks?
If I go onto the e.g. photography sub-forum for some advice, I don't expect to have random posters provide comments on subjects they don't fully understand, as well meaning as they might be.For that reason it's helpful to understand the background of someone when they make a post, as it helps clarify whether they have the knowledge to support their claims / opinions.
sidicks said:
el stovey said:
TBF, I don't think it's actually his fault, he's just completely lacking in empathy. I work with a guy like this, I think it's Aspergers or something similar. Oddly financial services does attract people like this, they're usually really good at maths. Every cloud and all that.
I work with people who think they know a lot more than they actually do - it's not you, is it?I don't mean to insult you but seriously you do end up arguing with someone on most threads you seem to appear on and calling them idiots. You should probably get yourself checked out. Maybe you're completely different in real life? It's obviously not just me that's noticed it though,
el stovey said:
sidicks said:
el stovey said:
TBF, I don't think it's actually his fault, he's just completely lacking in empathy. I work with a guy like this, I think it's Aspergers or something similar. Oddly financial services does attract people like this, they're usually really good at maths. Every cloud and all that.
I work with people who think they know a lot more than they actually do - it's not you, is it?I don't mean to insult you but seriously you do end up arguing with someone on most threads you seem to appear on and calling them idiots. You should probably get yourself checked out. Maybe you're completely different in real life? It's obviously not just me that's noticed it though,
el stovey said:
It's certainly not me, I'm far too thick to work in financial services.
Plenty of clever people work in areas outside financial services. Plenty of thick people work in financial services. It's simply important to understand what you know and even more important to understand what you don't know!
el stovey said:
I don't mean to insult you but seriously you do end up arguing with someone on most threads you seem to appear on and calling them idiots.
As above, generally when they've adamantly and repeatedly posted something known to be nonsense.el stovey said:
You should probably get yourself checked out.
Have you thought of a career in the medical profession - I've heard the pension is quite good!el stovey said:
Maybe you're completely different in real life? It's obviously not just me that's noticed it though,
In real life I don't tend to have discussions with people on topics they don't understand! But yes, I am much more patient in real life, thanks for asking.Edited by sidicks on Tuesday 27th September 15:52
nikaiyo2 said:
Fastdruid said:
Safe is relative. DB are too big to fail and undoubtedly would be bailed if st really hit the fan.
The rules however say that there must be a bail-in before a bail-out however so absolute worst case is likely to be that accounts get a hair-cut.
How can they bail DB out? Would it not cause an intersting reaction in Greece, Italy etc?t really hit the fan. The rules however say that there must be a bail-in before a bail-out however so absolute worst case is likely to be that accounts get a hair-cut.
a) Someone else is in a position to buy up stock (maybe she's done a deal with China/Saudi/Quatar or someone) ie. a bailout by the backdoor.
b) DBK is not in as dire straits as the articles would have us believe.
Four Litre said:
AyBee said:
Four Litre said:
Pleased to meet to too Zod. You appear to either got out of bed the wrong side today or are a complete and utter cock. Judging by your posting, I can only assume the latter.
Unless your the chairman of DB, why the need to behave like an utter bell-end? Im guessing small guy with a keyboard syndrome?
Zod asked a pretty reasonable question IMO, I'm not sure why you've taken such a hostile approach to responding. It's perfectly reasonable to ask whether the OP actually understands the implications of what they're posting, or whether they're just forwarding on some sentences which sound scary...Unless your the chairman of DB, why the need to behave like an utter bell-end? Im guessing small guy with a keyboard syndrome?
Do I know what Im talking about? I like to think so as I have worked in finance for all my career, which is 25+ years and as a direct result of the 2008 crash am working on the separation of UK Retail and Investment banks. So as I say, I like to think I have a bit of background, not that it needs to be called into question when discussing a news article.
Shame PH has ended up this way...
AyBee said:
And yet you still quoted the 75 trillion figure, the kind of thing a journo at the Daily Mail would do, not someone with 25+ years of experience...
instead of everyone calling the OP an idiot wouldn't it be better to explain why it's wrong (I realise at least 1 person has had the decency to do this) so all us non-experts can learn something too?Pachydermus said:
instead of everyone calling the OP an idiot wouldn't it be better to explain why it's wrong (I realise at least 1 person has had the decency to do this) so all us non-experts can learn something too?
Three main reasons:1) this is the gross notional amount of derivatives, most of the positions will be offsetting, so the net amount will be much, much smaller
2) the actual costs if anything went wrong is likely to be a small proportion of the notional amount
3) the derivative positions are likely to be fully collateralised with high quality assets, so the true exposure is extremely limited.
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