Interchange

The Interchange: Gell-Mann narratives and Pomplovian responses

Quick Take

  • The Pomplovian response can be irresistible at times. But Deutsche Bank isn’t Lehman at the start of ’08, nor is this restructuring the start of the firm’s solvency unwind
  • DB is an example of co-opted narratives gone Gell-Mann; stay vigilant out there, don’t fall for the meme
Boy was that Deutsche Bank/Bitcoin bag photo saga one for the books. 
 
You probably saw images of the snazzy suited banker walking out of Deutsche Bank’s London office building on the day of its announced 18,000-person headcount reduction, holding a bag with the impeccably placed word “Bitcoins” emblazoned across its side.