Credit Suisse Update - Fin Mkts are Creaking Badly (Patreon)
Published:
2022-10-15 00:35:56
Imported:
2023-01
Content
What a difference a day makes.... Bloomberg posted this yesterday - Today, the Fed sends Credit Suisse - ie bails them out to the tune of 6.5BN. It is a spit in the bucket.
CDS now rates the chance of Credit Suisse Default at 99%
There are more shoes to drop. As the fed hikes rates it breaks things. The wreckage is transparent from top-notch risk mgt banks like CS... can you imagine all the financial institutions we do not know about?