We bought the story of Credit Suisse going bankrupt but we don't realised that after the Great Financial Crisis of 2008, the mechanisms , tests and internal controls changed drastically and for ever in the industry to precisely avoid this, another collapse.
This time I can smell the black swan coming from Central Banks movements. Like what we saw last week where Bank of Englan intervened the gilts markets in England in order to avoid all the pension funds and institutions burst overnight.
There are a lot factors I guess affecting central banks movements. Now the focus is on them. The ball is on their field. And I think they will keep bailing out the system unless financial markets stop them by pulling all their money from their currencies, gov bills and markets - which is hard to see as there is NO alternative and gold is not the play anymore.
Submitted October 04, 2022 at 06:35AM by JournalistFew2794 https://ift.tt/Cz8BXbx
