Deutsche Bank, Lehman and the End-of-Days Debate

Aftershocks from the credit crisis eight years ago are still rippling through the world, including negative rates, swollen central bank balance sheets and increased scrutiny of the financial system. One consequence is the commentariat's effort to atone for its failures then by crying wolf at every available opportunity now.

Eschatology -- the branch of theology that studies the end of all things -- is in fashion, with every missed economic indicator a harbinger of recession, every undershot inflation target an example of central bank failure, every troubled company a sign of an industry going to the dogs.