Today it's hard to follow the news. I got a sh.tload of work to finish. But wtf is going on today? Europe slid into full chaos mode but without the only capital market that counts the damn stock exchange does not show a Iota of interest in these things that all can be read as liquidity issues or their consequences. Today I have problems to connect the dots... and then there is this UBS attack.
0 sats \ 1 reply \ @BitByBit21 23 Nov 2023
You can't stop a train wreck, UBS is just the tip of the iceberg.
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21 sats \ 0 replies \ @TomK OP 23 Nov 2023
For sure there's a wave of insolvencies coming.
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0 sats \ 3 replies \ @quark 23 Nov 2023
Low liquidity day. Things happen. At least PMI data from Germany didn't collapse and moved in the right direction. But France's PMI ruined the party.
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0 sats \ 1 reply \ @quark 23 Nov 2023
UBS was the one who saved Credit Suisse if I remember right. Maybe it wasn't a good move. That chart doesn't look good.
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0 sats \ 0 replies \ @TomK OP 23 Nov 2023
You're right. And it looks ugly
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0 sats \ 0 replies \ @TomK OP 23 Nov 2023
Careful. Those are just some days of taking breath before it really falls. The industry in Germany is collapsing.
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