Hysterical market reaction. No need to sell Euro and Cable. Credit Suisse is a swiss bank. Switzerland's currency is the swiss Franc. Neither ECB nor the Bank of England have any reach there whatsoever. Euro and Cable are safe heavens.
I am wondering where all the exposure sits because the companies exposure mentioned in this article here in sum seems to be miniscule compared to SVB's overall now frozen portfolio.
Moneyflows into lobbies must be more transparent and corruption in public office should be sanctioned with death penalty as millions of dollars are stolen from millions of people
I am seeing trading ranges all over the place. Once everybody sees them, everbody trades them and soon they will disappear, because big money won't allow markets to be predictable for retail. The more places you have them, the more likely you'll hear crashing bonus during the next move which then should be contagious over all asset classes. Fasten your sealtbelts may not help a lot then
The difference between 2009 and today is, that at least officially, we have QT instead of QE and we have rising rates instead of falling rates. Which is significant.
Good point made. My impression of what I'm seeing is the exact same. Profit margins as a cause of inflation need definitively be addressed. Companies who were not profitable before Corona and the Ukraine war doing freeloading. Shame on these
He isn't too picky when it comes to Moral hazard within his aquisitions. Think about what Wells Fargo did to their clients. I remember him not to be too eloquent about this