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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: Elroy Jetson who wrote (10624)3/17/2023 3:34:34 AM
From: elmatador3 Recommendations

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Switzerland going Greece?
"If not stopped, confidence crises can spiral into solvency issues. For instance, throughout the euro area crisis, the only clear solvency crisis was Greece.

Yet highly solvent sovereigns such as Spain got entangled in worries that the ECB would not stand behind the banking system unconditionally and that any conditionality was too politically painful for individual countries within the eurozone to accept.


Without decisive action on the liquidity front, markets will ultimately ask the question of “who’s next,” even for banks that currently have the confidence of investor. (Financial Times)
https://www.ft.com/content/e59e469e-390b-4405-a957-f133c0cb6d44?shareType=n


$132.5 billion Swiss franc loss in a country with a GDP of $591 billion Swiss francs? That’s 22% — I can’t believe this is sustainable long term. Long term bond speculation rearing its ugly head IMHO.


The banks get bailed out. Individual investors will not, and the squeeze is getting bad with persistent inflation. With a continual loss of high paying jobs (ignore the service industry gains) this is going to get yucky.

Swiss National Bank reports annual loss of 132.5 bln Swiss francs
reuters.com

$132.5 billion Swiss franc loss in a country with a GDP of $591 billion Swiss francs? That’s 22%.



The whole Europe in damage control mode to avoid having Greeces all over the place.

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