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What's brutal is the matter-of-fact approach Markets Now takes in describing events:
In a year so full of unpredictable headlines, the arrival of one in particular has brought with it a comforting sense of reassurance. Nature is healing:
Today’s recommended reading (supplementary to the FT’s award-eligible Wirecard coverage and a comprehensive FTAV archive of course) includes Bloomberg’s report on Project Panther, which apparently involved Wirecard pimping itself to Deutsche Bank last year. McKinsey & Company’s commissioned report is said to have viewed Wirecard as a “value proposition” that would boost profit and “fundamentally reshape the ecosystem”, just in case you had any remaining doubts about the value of management consultants. But what does it say about Deutsche’s understanding of its local market that it even asked for a McKinsey report in the first place?.......MUCH MORE
He then points up a Wirecard analyst and uses that intro as a springboard into the wider market.
Like picking flowers on a ramble through the meadow, la, la, la, la, la, just another day.
Brutal