When markets go bump in the night
By GCRU Gold News on Thursday, October 6 2016, 00:18 - Permalink
As we ponder whether or not a third leg of the financial crisis might be upon us, we should recall that in the wake of the Lehman Brothers bankruptcy gold more than doubled in value over the ensuing three year period. As was the case with Lehman Brothers in 2008, the public discussion on Deutsche Bank earlier this month immediately went to whether or not it would be bailed out by the German government, Bundesbank or the ECB. Of course, in Lehman’s case the answer was “no” and many believe that witholding the bailout launched the 2008 financial crisis.