Repo Madness Update: More Hedge Funds In Trouble, Credit Suisse Loses Over $7 Billion Needs Bailout?


New reports have Credit Suisse now admitting to over $7 billion (and counting) in losses from a bad $320 billion loan to family office Archegos when Credit Suisse bank was adamant only a few weeks ago that, at most, the bank would lose $5 billion.

READ  Roaring Twenties: Stocks Hit Another Record Despite Trouble Brewing in the Labor Market... East Bay Houses Are Selling For More Than $1M Over Asking Price

We may never find out the real amount of losses as the real amount will probably be swept under the rug to save face.

They may need an ECB/Fed bailout sooner than later.

READ  Visualizing the State of Government Debt Around the World (Update, 2021)

Famous investor Scott Minerd is now warning about other hedge funds and family offices that are over leveraged on bad trades and may blow up like Archegos soon:…



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.