Looming Financial Collapse
Cankles-McJeggings Think I have something similar in the Skipton Building society in one of those little passport sized books. I remember going in as a kid and they used to print the deposits and withdrawals on it
I still have the little book with stamps. Last entry was a out 1987 from memory. Looked at it last time I was back. Wonder if it’s still mine haha.
mono-stereo Goodnight Suisse prince.
Lol!
SNB to bail them out “if” required
Printer in overdrive
Credit Suisse?
Rekt.
Massive BERN for the Swiss from Hursty there.
Some bankers will be on the Neuchatel XAMAX right now
Time to top up the monthly pension payments!
The fact that the Swiss are in trouble is a massive red flag.
OLB’s back!
Basically the whole thing is a criminal raclette
They are in a Thun of trouble.
FEDERERal Reserve to the rescue..
Accounts were full of holes
ScottBailey FEDERERal Reserve to the rescue..
A lol for SB!
Also remember this from Jan 23? The SNB, who are bailing out CS are in great shape!
ECB raise rates by 50BPS, CS share price immediately tanking again
Very strange decision considering the week so far, popcorn at the ready!
Hursty Would you rather have them let inflation run its course?
Any banks failing because of base rate increases have most likely done a shit job at diversifying their risk.
Morty-C-137 This is very true, they should at least hedged against rises a bit, SVB didn’t do anything of the sort, their Chief Risk Officer too busy with ‘other’ matters lol
Morty-C-137
In it for the Hot Takes and LOLs.
Morty-C-137 I would rather they didn’t create the inflation in the first place, but looking at how serious the issues are within the banking sector, then perhaps a pivot would have been expected, much like what the markets are pricing in for the US & UK central banks
Swap rates are falling, can’t come soon enough, I’ve got a mortgage to renew in May
For all you financial whizzes, is it time for me to stash more of my money under the mattress, or perhaps take advantage of some of those lucrative cash opportunities that I keep getting emails about?
Hursty I would rather they didn’t create the inflation in the first place
Can’t argue with that. But it’s about the only blunt tool they have to either get the economy going or slow inflation down. Not that low rates is the only thing that will get an economy going. But as far as central banks go, that’s about all they have.
And wine.
Morty-C-137 keeping rates where they are won’t lead to inflation (which was on its way down due to gas prices) - but having to inject trillions of liquidity to stave off another run on the global banking and lending system definitely will!
Christine Lagarde is a daft slag.
C_J Christine Lagarde is a daft slag.
You’d prob still do her though.. right.
Morty-C-137 nah lol, really?
YEs you would.. filthy naughty Lagarde
Interesting window into the world of funny money
LOLlers etc etc…