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We will see, but it has obviously caught the attention of th
Posted on: October 3, 2022 at 17:10:41 CT
JeffB MU
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e market.
https://www.msn.com/en-us/money/other/embattled-credit-suisse-faces-social-media-wrath/ar-AA12xPv8
Credit Suisse has faced several financial missteps, including a massive loss of $5.1 billion from its client, Archegos Capital Management in 2021. Now the cost of insuring the behemoth's bonds from defaulting rose at least 15% last week, which are levels that have not occurred since 2009 in the aftermath of the financial crisis, also known as the Great Recession.
...
"The collapse in Credit Suisse's share price is of great concern. From $14.90 in Feb 2021, to $3.90 currently," the post said.
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The Bank of Japan has suddenly & dramatically changed course a couple of weeks ago:
https://www.zerohedge.com/markets/yentervention-japans-boj-enters-fx-market-bold-action-sends-usdjpy-tumbling
The Bank of England abruptly did an about face despite its resolve to hold the course to fight their double digit inflation:
https://schiffgold.com/peters-podcast/peter-schiff-the-bank-of-england-rings-the-mother-of-all-bells/
https://www.zerohedge.com/markets/bank-england-capitulates-restarts-qe-due-significant-dysfunction-bond-market-material-risk
https://www.msn.com/en-us/money/other/embattled-credit-suisse-faces-social-media-wrath/ar-AA12xPv8
Credit Suisse has faced several financial missteps, including a massive loss of $5.1 billion from its client, Archegos Capital Management in 2021. Now the cost of insuring the behemoth's bonds from defaulting rose at least 15% last week, which are levels that have not occurred since 2009 in the aftermath of the financial crisis, also known as the Great Recession.
...
"The collapse in Credit Suisse's share price is of great concern. From $14.90 in Feb 2021, to $3.90 currently," the post said.
-------------
The Bank of Japan has suddenly & dramatically changed course a couple of weeks ago:
https://www.zerohedge.com/markets/yentervention-japans-boj-enters-fx-market-bold-action-sends-usdjpy-tumbling
The Bank of England abruptly did an about face despite its resolve to hold the course to fight their double digit inflation:
https://schiffgold.com/peters-podcast/peter-schiff-the-bank-of-england-rings-the-mother-of-all-bells/
https://www.zerohedge.com/markets/bank-england-capitulates-restarts-qe-due-significant-dysfunction-bond-market-material-risk
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We will see, but it has obviously caught the attention of th - JeffB MU - 10/3 17:10:41