Posted on 10/03/2022 5:33:14 AM PDT by RomanSoldier19
Credit Suisse shares fell nearly 8% on Monday as investors worried about the bank suffering a Lehman Brothers-style collapse.
Swiss-listed shares dropped 7.8% to 3.67 francs ($3.71) in European trading hours, having fallen over 12% earlier in the session.
Investors are fretting about the bank's overall health as it finalizes a restructuring plan due to be announced on October 27.
On Friday there was a sharp rise in spreads on the bank's credit default swaps (CDS), which protect investors if it defaults on its debts.
(Excerpt) Read more at msn.com ...
Watch the video skit above at the link below.
“To the future!”
Very dark humor.
https://twitter.com/WallStreetSilv/status/1576550675361587200
I’ve heard rumblings about Deutsche Bank as well...
The next 6 months or so are going to be especially interesting.
A lot of stuff seems to be teetering on the edge. And Winter is coming.
DOW futures are up about 300 right now...
Not just banks. Names like GM, United or American Airlines, pick a large bank name, and so on. Not every business that goes underwater comes back up. It won't be just local diners and delis.
“Not every business that goes underwater comes back up. It won’t be just local diners and delis.”
Don’t worry, they were already destroyed via the lockdown...
It’s been an interesting progression:
Mom and Pop retail stores were destroyed by the Big Box stores.
Diners and Delis and whatnot were destroyed by the lockdowns.
Now a major recession will bring down a lot of Big Businesses.
And there is also bad news at for many at the Nation State level.
The world is going to look different soon. Here at home and around the world.
“The world is going to look different soon. Here at home and around the world.”
...and not for the better.
Futures up 370
The problem is all those banks in downtown Zurich are only 4 or 5 stories high. At least that is what they were in 1990 when I was there. Unless you landed on your head, you probably would end up surviving and being a cripple.
Still a funny adapted skit.
bank’s credit default swaps (CDS), which protect investors if it defaults on its debts.
AH, where did I hear about credit default swaps before? Hum, was it in 2008? Yes it was.
There is money to be made here. Just short those who hold those swaps.
If they don’t make them pay for their BS, they’ll just repeat.
Whatever behavior you reward, you will get more of.
Understandable.
It is surprising when you walk down the main street(something Strassa ?) in Zurich with all those banks. The buildings are not that big. Like I said, only a four or five stories high. I think there is a height zoning limitation. Of course, they also probably go 5 or more stories underground.
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