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This Is a Hitchcock Horror
The Compound and Friends
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.
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