Ep 389. Interest Rate Hike, Credit Suisse’s Failure, and Other Banking + Economic Risks on the Horizon
Focused Compounding
00:00
The Opposite of Buying Credit Suisse
UBS agreed to buy Credit Suisse for more than $3 billion. The Swiss government said it would provide more than $9 billion to backstop some losses that UBS may occur by taking over Credit Suisse. Jeff: What about the opposite of buying? You shorted into it. Have you ever heard of people doing that? Make a little quick 9.5%.
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