If you haven't heard, we're giving out free, fully smart contracts as a 5% rebate to anyone who purchases any of our research packages above the introductory novice $50 level. This is not your Daddy's rebate! The rebate actually gets larger as DB goes down in price. For those who may be coming late to the party, we can offer a 5x long gold (or even a long gold, short DB) smart contract rebate as well. Of course, the bulk of our research targets banks and entities other than DB, but I thought we'd make DB the subject of the rebate to drive the point home. Below is an actual contract crafted off of the price of a single share of DB for about 2 weeks.

Click here to explore and subscribe to our research. You will have to be willing to fully identify yourself and comply to the terms or our program (in essence, promise not to use the package for anything other than our rebate) in order to qualify for the rebate. Once the subsciption is paid for, email us to get started.

Oh yeah, if you haven't heard...

An Analysis of Deutsche Bank's Likely Recapitalization - German Tax Payer Bailout or German Bank Depositor Bail-in?

Deutsche Bank is going to need some money, and it's going to need some quite soon. The next two or three articles that I write will focus on why there is such a need. In a concerted effort to reduce or potentially eliminated the risk of taxpayer-funded bail-outs of European banks, the EU implemented a new “bail-in” regime beginning on January 1, 2016. As such, rules which require banks and certain systemically significant market participants in EU member states will have to write-down, cancel, convert into equity or otherwise modify certain unsecured liabilities if such steps are required to recapitalize the institution. What is the most bountiful unsecured liabilities of a bank? Read more...

Our next article will continue to hammer home the liklhood that DB will have to recapitalize, and where they probably WONT'T be getting the money from, as well as the likelihood it will come from someone who really didn't plan on giving it up (Ahem, depositors/savers/checking account holders). For those who are not yet convinced, peruse these related items...

The research and knowledge subscription module "European Bank Contagion Assessment, Forensic Analysis & Valuation" contains a full report of a very large European Deutsche Bank counterparty that faces a full 27% downside from current levels. It appears as if no one suspects a clue. It also contains much, much more (including at least 3 to 5 suspect banks). We can break this apart a la carte, if requested.

As excerpted:

The Macro Scene for Italian Banks

• Italian Banks:The Impact of Rising NPLs
   

   

  2m 45s

  
• The IMF has always been overly optimistic when it comes to Italy
   

   

  1m

  
• European banks' exposures to oil and gas
   

   

  2m

  
• Impact of Negative Interest Rate Policy
   

   

  15m

  
• Domiciles That Don't Look Good
   

   

  5m

  

This Bank as Ground Zero

• Putting the Ground Zero Bank into Perspective Re: Germany and the EU
   

   

  5m

  
• Ground Zero & It's Counterparties - Contagion Risk
   

   

  5m

  
• Ground Zero's Adverse Counterparty Risk Movement
   

   

  5m

  
• Systemic Risks
   

   

   

  

Susceptible Bank 1: Strong Country, Suspect Global Bank - Key Performance

• Negative Interest Rate Come to More Banks
   

   

  30m

  
• Susceptible Bank 1: Common Equity Returns
   

   

  4m

  
• 2Q2016 Basic Financial Results
   

   

  3m

  
• 2Q2016 Division-wise Performance
   

   

  5m

  
• 2Q2016 Net Interest Margin & Fee Income
   

   

  4m

  
• 2Q2016 Funds Under Management
   

   

  1m

  
• 2Q2016 Performance by Geography - Europe
   

   

  4m

  
• 2Q2016 Performance by Geography - North America
   

   

  2m 30s

  
• 2Q2016 Performance by Geography - Asia
   

   

  3m

  
• 2Q2016 Performance by Geography - Latin America & MENA
   

   

  1m

  
• 2Q2016 Gross loans and advances Personal/Consumer
   

   

  4m

  
• 2Q2016 Gross loans and advances Corporate/Commercial
   

   

  4m

  
• 2Q2016 Gross loans and advances Financial Loans
   

   

  1m 30s

  
• 2Q2016 In Summary
   

   

  45s

  

Susceptible Bank 1: Financial Modeling

• Susceptible Bank 1: Forensics,Valuation & Contagion Risk Assessment
   

   

  40m

  

Enter Italy's "Bear Stearns" 2Q2106

• The Metrics
   

   

  5m

  
• The Subprime Bank That Puts Bear Stearns to Shame
   

   

  5m

  
• Breakdown by sector of “off-statement of financial position”
   

   

  3m

  
• Parallels to Bear Stearns Before it Popped
   

   

   

  
• The Notional Value Argument Often Used By Entities Taking Large Losses
   

   

   

  
• In closing, excessive leverage brings us right back to 2008 again…
   

   

  3m

  

Enter Italy's "Lehman Brothers"

• Income Statement – 9M2015 vs 9M2014 – A short analysis
   

   

  2m

  
• Net Interest Income Analysis
   

   

  3m

  
• Customer Loan Quality
   

   

  3m

  
• Financial Assets
   

   

  3m

  
• Financial Derivatives
   

   

  3m

  
• Fair value adjustments in hedge accounting: details of income items - Banking Group
   

   

  2m

  
• Fair value adjustments in hedge accounting: details of income items
   

   

  2m

 I sat down with about a dozen or so (legal, executiuon, KYC and AML) higher level executives of one of the world's largest banks today. It was a fruitful discussion. The following is the document that was given to serve as a guide to the discussion.

It is interesting to notice how many truly competent individuals and companies truly believe that new technologies are what disrupts industries and markets. Trust me, it is not! Broad disruption occurs at the hands of astute operators that manipulate new (and often not so new) technologies to leverage an innovative business model that strikes at the weakness(es) of the extant market leaders