2/14/2023 0 Comments Brave frontier watchful guide![]() And by now you probably get the idea because somewhere in that long list of acronyms almost assuredly is your bank and mine, and the company holding your mortgage, or funding your companies operations. And JPM's willingness to pay back MS or BoA Wells. And how if CS can't pay their creditors that means Goldman might be one of them and thus could impede GS's ability to pay back JPM. ![]() Wrong idea what we mean here is the uncontrollable spread of bad loans and undesirable debts that can't repaid. I think they made a bad movie about it with the same name that sort of predicted and presaged the pandemic. There's this French word which is spelled the same, I believe, in English that has the same meaning: contagion. The depth of problems in Europe is hard to imagine: among the chief concerns at present (in some kind of order of importance): war, energy crisis, weak currency, high debt, no political leadership, rampant inflation. And an indication bankruptcy could soon be in the cards. A deeply worrisome sign they won't be able to pay back creditors. We've got a problem."Ĭredit-default swaps on CS are blowing up, according to reports. Their CEO says the bank is at a "critical moment", which in banker-speak means simply: "Houston. And this is both completely surprising and hardly a shock at all. ![]() Waking up to news Credit Suisse is teetering on the edge and could imminently fail. ![]()
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