There is no such thing as the bigger you are the harder you fall.
Mixed messages have been coming out from Credit Suisse over the last week or so and not far behind is Deutsche Bank. Both big and respected names in financial markets around the world and who knows if they can avoid the precipice looming right in front of them.
**The share price does not paint a pretty picture especially after Credit Suisse took a $4.7 Billion knock recently.
Deutsche Bank in comparison with Credit Suisse.
Some already believe Credit Suisse is already bankrupt and this is a done deal as very similar signals have happened moments before the Lehmann Brothers crashed the markets back in 2008. We knew what was coming this time around as we have been forewarned by staying in touch, but no one knows how bad it really is and who the casualties will be. Expectations are this week will be another Black Swan moment which will spell doom and gloom.
If one should fail that would put pressure on the others, but if two failed this could be catastrophic. Would this be too big for bailing out I don't know as how bad can things really get? Could this create a domino effect and send us into serious economic times worse than 2008. This is really worrying as the economies are seriously in bad shape everywhere you look.
Maybe hitting rock bottom is what needs to happen and thank god for crypto being around is all I can say. I just wish I had bigger bags before this all starts to shake the financial institutions to the core. From reading between the lines this shit is about to get real in a big way. We have all seen how delicate the economies are around the world as they are all somehow entwined with each other.
We had the supply chain crisis hit during and after the lock downs and we have been on a downward spiral ever since. These continuous knocks are unsustainable as the house of cards is going to collapse at some point.
Posted Using LeoFinance Beta
Compared to all other banks, Credit Suisse has the advantage of being Swiss.
In case of a global meltdownAs soon as the global meltdown happens, the Swiss National Bank will be one of the richest entity on the planet thanks to them buying up assets to keep the Swiss Franc down. Bailing out Swiss banks will only require an asset transfer into their books. Others won't have that luxury.That is different to what I have read as they are already selling off assets. Reports suggest the bank is already bankrupt and this is a done deal.
Posted Using LeoFinance Beta
I'm not following the daily finance news cycle, but the SNB gave the green lights to CS regarding its stability in June (German article). My interpretation would be that the SNB would bail them out in case of an imminent crisis, as it isn't the CS's portfolio that is the problem, but the global economic situation, hence, external effects.
I read an article about Credit Suisse a couple of days ago. The picture it painted was very doom and gloomy. They're currently scrambling for a savior but there's none in sight. It's predicted that once they go bust, the ripple effect will be quite devastating because many major financial institutions are tied to it.
Yes this is how I also understood the situation as it will have a ripple effect like dominoes.
Posted Using LeoFinance Beta
crazy recession or crazy hyperinflation seems to be on the table..
do you really think it will be decided this week?
No many think the crash with Credit Suisse and the Deutsche Bank will happen this week.
Posted Using LeoFinance Beta
"many"?
journalists?
crash? recession?
I believe this will be 10 times worse than 2008, and let's not even talk about all of these derivatives that nobody really understands. I think the reset is upon us, it's going to be a Whopper.
Yep and whoppers may be good if we have enough investments out of the firing line. I am following up tomorrow on a policy I have due as have no clue where to hide it as the bank is not safe.
Posted Using LeoFinance Beta
Congratulations @cryptoandcoffee! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next payout target is 74000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Definitely some crazy shit going on. I know we are into crypto here but the only thing I can say is be careful what you wish for, because you just might get it.
Will these banks failing be the signal they need to then flip it all to CBDC? In some ways I think that’s what their game plan is. That happens and we are fucked long term, carbon credits and all the surveillance and control mechanisms tightening around our necks.
The only saving grace for me is that we as humans are very resourceful and can figure out ways to get around this shit.
Posted Using LeoFinance Beta