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Credit Suisse is an investment bank based in Switzerland

Posted on: October 3, 2022 at 16:44:25 CT

JimD MU

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Not a retail bank. If they needed help, it's very likely the Swiss government would give them assistance. Also, for the 4th straight quarter, their net long term debt went down. Last, debt (bonds) aren't defaulting at a dangerous level, unlike 2008 when bonds (mortgage-based) and the like started defaulting massively due to junk loans which aren't legal to create anymore. Values have dropped because raising interest rates depress bond prices to reflect new yields. This is all very predictable and ultimately self-correcting unless corporate defaults rise significantly.

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MESSAGE THREAD

"The Worst Crash in Human History Has Begun" - Robert Kiyosa - JeffB MU

- 10/3 14:56:49

He's a hack - JimD MU - 10/3 16:56:13

titanic? - JG A - 10/3 15:09:10

Again?(nm) - Gyro STL - 10/3 15:02:36

Credit Suisse is about to pop. (nm) - Emmanuel Goldstein - 10/3 15:23:43

Credit Suisse is an investment bank based in Switzerland - JimD MU - 10/3 16:44:25

It is all about credit default swaps. The contagion already - Emmanuel Goldstein - 10/3 17:57:10

Remember how they kept asserting that the sub prime housing - JeffB MU

- 10/3 18:30:09

We will see, but it has obviously caught the attention of th - JeffB MU

- 10/3 17:10:41

"Treasury Market Breakdown Is At Risk": Fed Markets Guru Has - JeffB MU

- 10/3 15:35:54

Here's some advice-don't believe what the two Bulgarians say - JimD MU - 10/3 16:51:23

I remember in the years leading up to 'The Great Recession' - JeffB MU

- 10/3 17:21:07

It's gonna be glorious seeing banks cut off lines of credit - Emmanuel Goldstein - 10/3 15:51:55

It doesn't sound all that 'glorious' to me. But I'm not on - JeffB MU

- 10/3 16:14:04

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