> Rolf Breuer is a clever man, but a bloody awful banker. He has a dangerous
> addiction to balance sheet growth for its own sake,
No more so than the entire global economy, which has been built on 10% annual credit growth and 3% GDP growth for decades and decades. There's no reason this should stop now, especially since that there's a vast new source of speculative liquidity -- the euro -- on hand. C'mon, admit it -- aren't the City punters just a little bit jealous of their Continental colleagues?
> I think you have a few oddities on your website by the way -- I'm
> absolutely positive that it's Mu-Re that owns 10% of Deutsche, not Allianz.
> And Bayerische Hypo-und-Vereins is definitely Allianz. (I'm in the process
> of writing something on the insurance companies of Europe, who really are
> puppet masters over the banks).
Could be. I update the site at decidedly irregular intervals, so some info is always late/incorrect.
> Fancy a job, DR? We need someone to do Benelux.
I'm too busy dissertationalizing. Besides, investment finance just doesn't have the same zing as running Half Life mods.
-- Dennis