Could be a rough day 3/15/23

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Credit Suisse

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I feel like I've been hearing about them going down the tubes for like 3 years now.

shite has just begun to break. More to come. Zero percent interest rates, central bank bond purchases, and endless gov't spending are all coming home to roost.

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shite has just begun to break. More to come. Zero percent interest rates, central bank bond purchases, and endless gov't spending are all coming back.

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FIFY

If only someone here warned everyone.

" dOllAr CoSt AvErAge bro! iT AlwayS wOrKs BRo"

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People are overreacting bigly

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They are not reacting enough! The stock market has only gone up so crazy the last few years because of fake money entering the system. That money is gone.

Banks made risky bets based on the fake money.

It's time to pay for our sins.

No bro you millenials don’t get it keep giving your money to vanguard so they can fund Hillary and soros

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say bye bye to CS

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You talking about Charles Schwab? My 401K is with them.

No, he's referring to Credit Suisse. They've been showing red flags for a while now.

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Difference is the Saudis are refusing to bail them out again.

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Which I think is the telling sign this is potentially it for them.

The major European banks are down pretty heavy today in response with several reportedly having trading halted.

If the Saudis were smart, it seems a great idea on their part instead of propping up failing European banks they were to establish their own since they’re so flush with cash. I’m assuming sharia law related to finance is reasoning here, but if they’re owning large portions of banks and/or supporting them as they have CS, sort of seems moot.

Because it has been 3 years of them sliding down the tubes