Banks: Deutsche Bank (DB) Could Be The Weak Link Of A Chain

Deutsche Bank (DB) could be the weak link of a chain. If you remember back to when we had the financial crisis 2008, first, you had the sub-prime mortgages blowing up, and everybody was like don’t worry about it. It’s contained. I said it’s not contained, it’s just showing up first in the sub-prime market because these are the weakest mortgages. 

I think the banking system has a huge problem because it’s lived off of the life support of artificially low interest rates. As that is removed, it’s like pulling the plug off of someone who has lived off life support. The irony is you have so many analysts that think higher rates are good for the banks...

Markets: Interest Rates Are Going Back Up

I think that we're going back up and making new highs on interest rates which of course is going to be problematic for every aspect of the economy that is in debt including you know the consumers who are taking on more debt to continue to spend because they're not earning that money.

Forex: The Consensus Is Extremely Bullish On The US Dollar

The consensus is extremely bullish now on the US dollar. it was quite bearish a few months ago and now all of a sudden everybody is bullish everybody is looking for the dollar to go up it's probably almost as strong the bullishness on the dollar and bearish this on the euro is probably almost as extreme as it was at the beginning of last year and of course that ushered in the worst the biggest decline in 14-year the dollar.