There is no such thing as the bigger you are the harder you fall.
Mixed messages have been coming out from Credit Suisse over the last week or so and not far behind is Deutsche Bank. Both big and respected names in financial markets around the world and who knows if they can avoid the precipice looming right in front of them.
**The share price does not paint a pretty picture especially after Credit Suisse took a $4.7 Billion knock recently.
Deutsche Bank in comparison with Credit Suisse.
Some already believe Credit Suisse is already bankrupt and this is a done deal as very similar signals have happened moments before the Lehmann Brothers crashed the markets back in 2008. We knew what was coming this time around as we have been forewarned by staying in touch, but no one knows how bad it really is and who the casualties will be. Expectations are this week will be another Black Swan moment which will spell doom and gloom.
If one should fail that would put pressure on the others, but if two failed this could be catastrophic. Would this be too big for bailing out I don't know as how bad can things really get? Could this create a domino effect and send us into serious economic times worse than 2008. This is really worrying as the economies are seriously in bad shape everywhere you look.
Maybe hitting rock bottom is what needs to happen and thank god for crypto being around is all I can say. I just wish I had bigger bags before this all starts to shake the financial institutions to the core. From reading between the lines this shit is about to get real in a big way. We have all seen how delicate the economies are around the world as they are all somehow entwined with each other.
We had the supply chain crisis hit during and after the lock downs and we have been on a downward spiral ever since. These continuous knocks are unsustainable as the house of cards is going to collapse at some point.
