As far as I know, both banks will be saved, and just today I read that Credit Suisse requested help from the Swiss central bank and that they were approved for help of up to 50 billion Swiss francs, which is about 54 billion EUR. The assumptions are that this will be enough to save the bank, and I have no doubt that the Swiss central bank will do its best to preserve the credibility of its banks.
I don't want to speculate at all about what could happen next, but I don't think we should expect a complete collapse of the banking system in the US or the EU. Of course, this does not mean that the banks are safe, especially the small and less well-known ones that probably no one will save.
Topic: Should we take the collapse of SVB and Credit Suisse as indicators of Woes Ahead - page 2. (Read 212 times)
March 16, 2023, 11:38:00 AM
March 16, 2023, 08:35:38 AM
Diversification of investments is general advice, it is like looking for a job, promoting your job, investing in stocks, buying a property and more.
It's easy to say but it takes a lot to do.
Also, the economy is highly interconnected, as the collapse of banks means a crisis in real estate, and it means a collapse in the stock markets, which may lead to either an increase or decrease in energy prices, and therefore you cannot predict an alternative model due to the interdependence of the economy.
The only thing I can think of is stocking up on food, buying gold and weapons as a black day plan.
Otherwise, it is better to stay away from cash and the banking system and suffice with gold.
It's easy to say but it takes a lot to do.
Also, the economy is highly interconnected, as the collapse of banks means a crisis in real estate, and it means a collapse in the stock markets, which may lead to either an increase or decrease in energy prices, and therefore you cannot predict an alternative model due to the interdependence of the economy.
The only thing I can think of is stocking up on food, buying gold and weapons as a black day plan.
Otherwise, it is better to stay away from cash and the banking system and suffice with gold.
March 16, 2023, 06:56:58 AM
The collapse of SVB and Credit Suisse might be a forerunner of multiple economic woes ahead. I am sorry to sound quite pessimistic, but I do believe that it is time that people get on the defensive. Look at the world economy, it is collapsing. Many people are losing their jobs in the tech and white-collar sectors. The apex banks of most countries aren't doing anything to curb rising inflation or their interest rates. My recommendation is this: diversify your investments if you can. Do not put all your eggs in one basket. Hope for the best, but prepare for the worse. What do you think? Should we take the collapse of SVB and Credit Suisse as indicators of multiple economic woes ahead?
www.quizerry.com/2020/10/financial-markets-coursera-quiz-answers/
www.moneyunder30.com/how-and-why-to-diversify-your-portfolio
https://investorjunkie.com/investing/how-to-diversify-your-investment-portfolio/
https://www.moneycontrol.com/news/photos/world/silicon-valley-bank-collapse-heres-all-you-need-to-know-10248741.html
www.quizerry.com/2020/10/financial-markets-coursera-quiz-answers/
www.moneyunder30.com/how-and-why-to-diversify-your-portfolio
https://investorjunkie.com/investing/how-to-diversify-your-investment-portfolio/
https://www.moneycontrol.com/news/photos/world/silicon-valley-bank-collapse-heres-all-you-need-to-know-10248741.html
Jump to: