Is Credit Suisse the canary in the coal mine and the Lehman-moment of the current finishing credit cycle? The CDS of CD is exploding meanwhile the stock is cratering! Upcoming stress in the Eurozone banking system seems to be imminent which included a hit to sovereign debt and bond markets. Lets see....
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0 sats \ 1 reply \ @cryptopizzaparty 30 Nov 2022
Do you think the current woes of CS can be tied back to Archegos, the effects still rippling?
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0 sats \ 0 replies \ @GhostofTruth OP 30 Nov 2022
Sure, this could have weakened their balance sheet. But honestly: I have a hard times figuring out the network and cap streams between banks. Try to analyze a particular dynamic like the overnight lending or their reciproke fonds structures. Its impossible to get a detailed picture in a lifetime. BUT: there will be contagion. Thats for sure
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