Our parents always told us not to be like everyone else. Deutsche Bank may not have taken that advice so well.

A machineworks in the aether
Our parents always told us not to be like everyone else. Deutsche Bank may not have taken that advice so well.
The End of Alchemy should be required reading for any serious student and practitioner of modern day banking and economics.
It is an elegant, thoughtful work of great expanse and depth that avoids blame, invites reflection, and gives valuable insight into the whys of our last financial crisis.