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The AI bubble is the only thing keeping the US economy together, Deutsche Bank warns (www.techspot.com)

submitted 9 months ago by cm0002@lemmy.world to c/usa@midwest.social

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[–] homesweethomeMrL@lemmy.world 31 points 9 months ago* (last edited 9 months ago) (1 children)

Deutsche Bank, the Deutsche Bank that was the sole remaining funder of Donald Trump when all other banks had banned him for being an insane risk?

The Deutsche Bank where Supreme Court Justice William Kennedy’s son worked who super coincidentally approved trumps loan?

The same Deutsche Bank that

In May 2019, The New York Times reported that anti-money laundering specialists in the bank detected what appeared to be suspicious transactions involving entities controlled by Trump and his son-in-law Jared Kushner, for which they recommended filing suspicious activity reports with the Financial Crimes Enforcement Network of the Treasury Department, but bank executives rejected the recommendations. One specialist noted money moving from Kushner Companiesto Russian individuals and flagged it in part because of the bank's previous involvement in a Russian money-laundering scheme.

That Deutsche Bank? Well, shit let’s give a sweet flying fuck what they think! They sure as shit know corruption and trump well enough! Maybe they want to use their powers for good now?

[–] BeardedGingerWonder@feddit.uk 8 points 9 months ago (1 children)

Because they facilitated Trump we should ignore their market analysis out of hand? That's how we get a 2008.

[–] fodor@lemmy.zip 4 points 8 months ago (1 children)

I think it is a question of credibility. Bad actors should not be taken as truthful. Go get a second opinion, right?

[–] BeardedGingerWonder@feddit.uk 5 points 8 months ago

I think just about any market opinion should probably get a second/third/fourth opinion because it's pretty much that, an opinion. Deutsche bank have more than 80k employees and there's a lot wrong with the company but the chances of this particular quant having anything to do with Trump is likely negligible.