EVERYTHING YOU NEED TO KNOW ABOUT WHAT IS HAPPENING WITH #CreditSuisse
We could be facing one of the biggest economic crisis in recent decades, and the catalyst is Credit Suisse.
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SHARES PRICE #CreditSuisse 📉
Its shares $CSGN & $CS have dropped 57% this year, setting a new low. Its shares on the New York Stock Exchange fell 4% in early trading.
$CSGN Market Cap: 10.44B
$CS Market Cap: 10.3B
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WHAT IS A CREDIT DEFAULT SWAP?
A credit default swap (CDS) is a financial swap agreement in which the seller agrees to compensate the buyer in the event of a debt default or other credit event.
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#Creditsuisse
CREDIT DEFAULT SWAP COMPARISON
A few days ago the credit default swap of #CreditSuisse reached its historical maximum in the last 14 years.
The CDS of Lehman Brothers reached the ATH just 1 week before it went bankrupt.
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HOW BIG IS THIS?
The total assets that are under the management of #CreditSuisse amount to $1.6 trillion dollars.
The total assets of Lehman Brothers in 2008 was $600 billion dollars.
Yes, we are facing something 3x times worse.
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CAN #CreditSuisse RECOVER?
Credit Suisse has promised to deliver a strategic plan on October 27 in order to avoid bankruptcy.
When the bank reports its third-quarter results.
If the CDS keeps going up and the stock goes down I don't think they have that much time
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WHAT YOU SHOULD DO (NFA)
As the situation of #CreditSuisse progresses we have to wait, buying assets now is risky.
With the increases in interest rates from the fed and a very strong DXY, I recommend taking refuge in the dollar, neither #gold nor #bitcoin.
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I hope this thread has been useful to you, if so please rt and like ❤🔄
#CreditSuisse #DebitSuisse $CS
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