For those who didn't know.....J P Morgan has a major presence in Germany (Frankfurt).
Today, they openly admitted they are discussing contingency plans because of blackout potential....to move operations out of Germany.
Location mostly mentioned? London. Yeah, kinda comical. Everyone in Germany hyped-up the need to leave the UK because of BREXIT and now it is returned for the grid issues forecasted for the winter.
Most of the major 'players' of Frankfurt's business sector have generators and it's hard to gauge how this topic came up.
A real threat? At best, I'd say several evening blackouts will occur because of people trying to use electrical heat....more than normal. I don't think this will be a big deal in the daytime.
But here is the thing....other companies will now wonder, and take precautions as well.
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