DEUTSCHE BANK EXITING GLOBAL EQUITIES MAYBE GOOD FOR CRYPTO
(Edited)
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Deutsche Bank will exit global equities business and slash 18,000 jobs in sweeping overhaul https://www.cnbc.com/2019/07/07/deutsche-bank-will-exit-its-global-equities-business-and-scale-back-investment-bank.html
Morgan Stanley downgrades global stocks, projects ‘poor returns’ over the next year https://www.yahoo.com/lifestyle/morgan-stanley-projects-poor-returns-in-global-stocks-over-the-next-year-125709751.html
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I think in the long run it will be very good for crypto. Initially everyone runs to liquiditiy and generally everything goes down except the USD. Then it starts filtering into other markets.. perhaps speculative or SAFE markets. Bitcoin/Gold?
BTC and Gold indeed!