Saying anything about Credit Suisse now is like stepping into a minefield.
Some criticize you for panic mongering. Others will inflate the issue beyond what it is.
Here is a breakdown of the news stories with ONE tip on what to do at the end. All reliable sources.
Some criticize you for panic mongering. Others will inflate the issue beyond what it is.
Here is a breakdown of the news stories with ONE tip on what to do at the end. All reliable sources.
.@nntaleb, a former trader at Credit Suisse himself, tweeted this:
This was after the Credit Suisse CEO sent a memo that they have "strong capital base and liquidity."
This was after the Credit Suisse CEO sent a memo that they have "strong capital base and liquidity."
@nntaleb The biggest comparison that keeps popping up is how the CDS levels are at a high.
CDS issues caused the collapse of Lehman in 2008 - and the obvious parallel is being drawn.
bloomberg.com
CDS issues caused the collapse of Lehman in 2008 - and the obvious parallel is being drawn.
bloomberg.com
@nntaleb Credit Suisse was on the losing end of some massive deals, notably Archegos. They are the most vulnerable party in Citrix's latest debt fallout.
bloomberg.com
bloomberg.com
@nntaleb After the Archegos fiasco, Credit Suisse exited the Prime Broker business to reduce risk. But it was also one of their most profitable businesses that they lost.
reuters.com
reuters.com
@nntaleb But even with all this happening, don't rush out to short the stock, because they could be bailed out by the government.
Don't go long either, because anything could happen.
Even if you're right and time it wrong, you could lose big time. Better to stay out of it.
Don't go long either, because anything could happen.
Even if you're right and time it wrong, you could lose big time. Better to stay out of it.
@nntaleb All the research was compiled by u/C2theC in the post below. Check it out.
I wrote this thread to share that info - Read the sources for yourself and make up your mind.
Source: reddit.com
I wrote this thread to share that info - Read the sources for yourself and make up your mind.
Source: reddit.com
Loading suggestions...