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Stock Market Playing Kick the Can with Liz Young, Jim Chanos and Danny Moses

RiskReversal Pod

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Is the US Banks Capacity to Absorb Losses?

The financial system is so interconnected that it wouldn't be this scary in, for example, the industrial sector. Some major strategists at major financial institutions who are doing about faces on what they were kind of expecting for a landing for the economy and what this kind of bank crisis means for the economy. One of the first trades I got put on when I got back on Friday after vacation last week was short XLF. You just get two bigger pieces of shit like UBS and Swiss credit problems not going to solve themselves.

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