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CREDIT SUISSE:
WSB THREAD: https://tinyurl.com/3mk5ymxk
They’re one of the world’s most PROMINENT global banks, with more than $1.5 Trillion under management, offices throughout the entire world, and a designation as one of the “systemically important financial institutions of 2022."
However, all of this began just a few days ago, when the CEO of Credit Suisse made a statement that the bank “was at a critical moment,” and tried to reassure employees not to confuse the “day-to-day” stock price with firm’s “strong capital base and liquidity position”.
In addition to their stock price having declined 90% over the last decade, they’re about to undertake a MAJOR restructuring to try to return the company to profitability - but, in doing so, they need to raise capital - and some see that as a last-ditch effort to stay afloat - .much like Lehman Brothers did… right before their widely publicized downfall.
Once investors started digging deeper into company financials…critics warned about their path moving forward, declining revenue, and dwindling returns that could have a SIGNIFICANT impact on the entire market.
EVEN THOUGH their stock price has absolutely plummeted, investors are concerned, and credit default swaps skyrocketed to the highest level EVER - SOME analysts believe that a Lehman-Style moment is unlikely…and that internet speculation has gotten out of hand.
For example, JP Morgan went on record to say that the bank’s capital was healthy, other analysts say they’re in a “tight spot” - but, unlikely to fail, and CitiBank says - this isn’t 2008.
However, at the end of the day - it seems like this entire situation is turning into a self-fulfilling prophecy, where - the more people BELIEVE it’s going to fail, the lower its price goes, and the less leverage they have - to actually turn things around.
After all, they’re beginning to lose private bankers in Hong Kong…turnover is increasing…and, even a formerCredit Suisse trader himself tweeted: All rumors are false until OFFICIALLY denied.
That leads me to believe that - despite the sensationalized headlines - there IS a risk that these large banks could be in trouble…BUT…lets ALSO be realistic: They’ve grown to the point where, they could also be supported by government funding, in the event their downfall would negatively impact the global markets.
It’s also said that they currently have $100 BILLION DOLLARS of “Buffer Capital” - and, even though that can only go so far - there’s nothing that says they can’t receive additional help, on top of that.
So, all in all - YES…there IS risk of the bank defaulting, the global economy falling apart, and all of us pointing to Credit Suisse and Deutsche Bank as the culprit…but, REALISTICALLY…it’s undetermined if the government would even let that happen in the first place…and, honestly…the most we can do at this point is to simply wait and see what happens.
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
GET YOUR FREE STOCK WORTH UP TO $1000 ON PUBLIC & READ MY THOUGHTS ON THE MARKET - USE CODE GRAHAM: http://www.public.com/graham
NEW BANKROLL COFFEE NOW FOR SALE: http://www.bankrollcoffee.com
GET MY WEEKLY EMAIL MARKET RECAP NEWSLETTER: http://grahamstephan.com/newsletter
THE NEW PODCAST: https://www.youtube.com/channel/UCMSYZVlQmyG8_2MkIKzg0kw
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://the-real-estate-agent-academy.teachable.com/p/the-youtube-creator-academy/?product_id=1010756&coupon_code=100OFF - $100 OFF WITH CODE 100OFF
CREDIT SUISSE:
WSB THREAD: https://tinyurl.com/3mk5ymxk
They’re one of the world’s most PROMINENT global banks, with more than $1.5 Trillion under management, offices throughout the entire world, and a designation as one of the “systemically important financial institutions of 2022."
However, all of this began just a few days ago, when the CEO of Credit Suisse made a statement that the bank “was at a critical moment,” and tried to reassure employees not to confuse the “day-to-day” stock price with firm’s “strong capital base and liquidity position”.
In addition to their stock price having declined 90% over the last decade, they’re about to undertake a MAJOR restructuring to try to return the company to profitability - but, in doing so, they need to raise capital - and some see that as a last-ditch effort to stay afloat - .much like Lehman Brothers did… right before their widely publicized downfall.
Once investors started digging deeper into company financials…critics warned about their path moving forward, declining revenue, and dwindling returns that could have a SIGNIFICANT impact on the entire market.
EVEN THOUGH their stock price has absolutely plummeted, investors are concerned, and credit default swaps skyrocketed to the highest level EVER - SOME analysts believe that a Lehman-Style moment is unlikely…and that internet speculation has gotten out of hand.
For example, JP Morgan went on record to say that the bank’s capital was healthy, other analysts say they’re in a “tight spot” - but, unlikely to fail, and CitiBank says - this isn’t 2008.
However, at the end of the day - it seems like this entire situation is turning into a self-fulfilling prophecy, where - the more people BELIEVE it’s going to fail, the lower its price goes, and the less leverage they have - to actually turn things around.
After all, they’re beginning to lose private bankers in Hong Kong…turnover is increasing…and, even a formerCredit Suisse trader himself tweeted: All rumors are false until OFFICIALLY denied.
That leads me to believe that - despite the sensationalized headlines - there IS a risk that these large banks could be in trouble…BUT…lets ALSO be realistic: They’ve grown to the point where, they could also be supported by government funding, in the event their downfall would negatively impact the global markets.
It’s also said that they currently have $100 BILLION DOLLARS of “Buffer Capital” - and, even though that can only go so far - there’s nothing that says they can’t receive additional help, on top of that.
So, all in all - YES…there IS risk of the bank defaulting, the global economy falling apart, and all of us pointing to Credit Suisse and Deutsche Bank as the culprit…but, REALISTICALLY…it’s undetermined if the government would even let that happen in the first place…and, honestly…the most we can do at this point is to simply wait and see what happens.
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. Public Offer valid for U.S. residents 18+ and subject to account approval. There may be other fees associated with trading. See Public.com/disclosures/
Every single headline is doomsday. The masses are typically wrong. All we need is a surprise like war ending or a big drop in inflation.
It's easy. Let them go bankrupt. Get it, since they're "banks". Just let them fail. Turn them into the world's smallest banks. Let Chaos rein!
Comment Based on a Previous Video. As a Multiple Business's Owner, and an Employee. I believe a follow-up to the Quite Quitting Episode would benefit a lot of People. In my Case at the very least I run my Photography, Interior Design, as Adhocracies. My findings were that Engagement in the form of Non-Monetary Rewards worked best. To say it plainly guilting the Employees into Working Harder. For instance my Barbers get a 1000$ set with no Strings attached whenever I observe that they have more bookings than other barbers. I did this at the start of the Year while telling the Employee that He can use the Set at Work and that Set is Just a Gift.
The result was He used it Daily at Work, which brought in more Bookings. It Became a badge of Honor between the other Barbers Hence I Repeated this In July, And Plan to do the same in December. However, in December i plan to recognize the Receptionist with a Phone and a no Data Limit for a Year to mimic this.
Also Deciding to apply this to my other Businesses. For Instance my Designer got a new MacBook (No Strings Attached), and guess what. That MacBook is used Daily by her and she used it to Design my new Photography Studio. A lot of examples to List but the point is that in my case it worked.
I also work in the Space Industry as a Mission Designer and Deep Space Navigator. Bringing these points up to my DG made Lead an Employee Innovation and Retention Team. I am but an Engineer now aiding the Support Teams whose Job was to do this. I care not for the Glory, I just care for the Work I put in.
I Hope an Employer or an Employee reads this and maybe use it to their benefit. Be it increasing Profit, Or Advancement in their own Careers Maybe getting as lucky as I did and shaping Policies.
If it helps I Named my Study: Engagement – The Antidote to the Slow Demise of Innovation. Its Cringe I Know as I Adopted it from the Cringiest Figure Jordan Peterson (Not a Fan at all, In Fact I am proudly Anti Everything He Represents) . But Credit where Credit is due, He titled his book in a witty and Engaging way. So please, "Adopt" the Title and do your thing!
I enjoy disliking for the intros.
These fear mongerjng youtube clickbaiters are real threat to our society.
350 bps is still low in the grand scheme of things. It just looks big because it was sitting at 25bps in january….
Cosmo:
Posit: People think a bank might be financially shaky.
Martin Bishop:
Consequence: People start to withdraw their money.
Cosmo:
Result: Pretty soon it is financially shaky.
Martin Bishop:
Conclusion: You can make banks fail.
Cosmo:
Bzzt. I've already done that. Maybe you've heard about a few? Think bigger.
Martin Bishop:
Stock market?
Cosmo:
Yes.
Martin Bishop:
Currency market?
Cosmo:
Yes.
Martin Bishop:
Commodities market?
Cosmo:
Yes.
Martin Bishop:
Small countries?
Absolutely gorgeous financial events, across the globe
So, just like what the title of video says, what we need to do to prepare is “wait to see what happens and subscribe"…?
I get clickbaiting but please follow up on your promises… leaving a dislike.. sorry graham.
Man I like the channel…but holy cow the clickbait titles are next level. One dumber than another.
It’s a big club, and we aren’t in it.
👍🏾
Every video you’ve made for the past 2-3 years has basically said the same thing: a crash is coming and it’s going to be worse than 2008. The thing is that crash has not happened. You’ve put the “21 days” in the thumbnail picture which suggests to the viewer the economy will collapse in the next 21 days. Because of all the times you’ve told the world that we’re on the brink of economic collapse despite said collapse never happening makes me deeply think that you’re lying. Like seriously dude. Ease up on the doom And gloom clickbate/black pilling. I know it’s an effective strategy for clicks, but I’m going to have to fully quit watching if you don’t change for the better and become more honest
Hey Graham! I‘ve read that 90% of ETFs are coming from one single company, BlackRock (BLK). If that’s true that would mean that if you buy an ETF you don‘t really invest in the whole market, but rather in one company which then distributes that money, however if this one company goes bankrupt or if there is an ETF Bubble then that would also mean that most of the ETFs go bankrupt as well, that could heavily impact the whole economy since there are billions of investment money in those ETFs from that one company. If true that could make an interesting topic for the next video 🙂
It started almost a year ago and nobody was watching
Meh, they will be punished severely, massive hands slaps for executives 😂
Let them collapse
Corporate managers should lose all personal wealth if their company needs to be bailed out. There is no motivation to run a company well, if you can run it in to the ground and take a billion dollar bonus.
Credit Suisse collapse is certain because the Vatican already moved its money out, so they know already.
It's all a Ripple effect 😉
It's fun to be a millenial🤣
How bout stop letting big name banks do this to attack the biggest credit holder banks.
What's Graham up it's guys here you. 🤣
So, question is when…..Does it All crash?
OPEC now wants to Raise oil prices…….this the last mail in the coffin that we needed!
Hey fan! Long time graham! Nice video my dude
Businesses need to be allowed to fail so that a better business may take its place. Yes, I do understand that bailouts have the ability to reduce spending on social programs such as SNAP, SSI, TANF, etc. in the long run. However, it is not up to the taxpayer who may or may not use a business's service to foot the bill. Granted, this is coming from someone who is a firm believer in a free market economy and a flat tax.
America is headed for a financial crisis. It’s unavoidable. Prepare now.
Too big to fail is a reversal of historical attitude. It should be "too big it has to fail", the typical Tower of Babel situation.
Is it only me who is done with Graham's Wordplay at the start of the video and want him to stop that ?
I can’t wait for this to not happen