The Compound and Friends cover image

This Is a Hitchcock Horror

The Compound and Friends

00:00

European Financials Are Down 30%, Credit Suisse Is Down 80

European financials are down 30%. Credit Swiss is down 80. So what if those are just really shitty banks that it's not like a global financial crisis 2.0? Yeah. I mean, European companies, the average of these companies. And they have been so bad that every time there's a really kind of a shaky part of the market, every permabear comes out with the European stocks bank index. The big one I saw was Lehman had $600 billion in assets or something when it failed or in liability. If you look at Credit Suisse and Deutsche combined, they're like 3X that.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app