The Deposit Flight From Banks

The key to understanding asset allocation and investments in the months ahead of us will be to understand whether the deposit flight from banks is contained or not. I wouldn't rule out that the lack of risk appetite from credit Swiss heading into their defacto bankruptcy and after that take over by UPS has been a part of these moves in the dollar bond space as well. Simply sends a lot of these hedge funds were betting on high interest rates in the US in leveraged positions. As soon as the leveraged financing was pulled away from the market, they probably had to de-risk or square their positions in a very rapid way. But let's have a look at whether the crisis is contained after this