The wonderful thing about modern finance is that one doesn't have to use the usual mundane financial tools to make a fortune or to keep out of bankruptcy for that matter. It can all be written down to a buyer or sellers perception of reality.
Big time finance and especially the case of Credit Suisse you can go from this
and you can explain it with the Jenga bit from this film.
ONE POINT 7 BILLION DOLLARS OF LOSS IN THE FOURTH QUARTER
Let those numbers sink in. Who and where did that money go to? Were there that many bad investments or clients withdrawing funds or is it just the usual suspects playing rise and fall in the financial circles?
Expect more of these shenanigans as different world players renegotiate their world financial positions.
Keep an eye out for the major players that have gone long (back a few months/a year) on food and energy productions among other infrastructure investors.
In. the meantime, track my favorite Royal,
Prince Bin Salman. After rubbing Biden's nose in shit over the oil production gig, this move into white shoe finance shows that the man is capable of thinking big. Imagine what $$ can move once the Abraham Accords go forward (without Biden's blessing!)