US regional bank issues gets uglier and bigger now. Stock price of Credit Suisse bank fell more than 20% in a day and Swiss government stepped in.
Yes, normally that means, something bad had happened and happening now. Is Credit Suisse bank the only one with this bank turmoil around the world?
As usual, Americans are clever enough that they tossed huge bomb to others and this time, the Europeans.
As result, US dollar index recovered well and Euros got dumped. So, how bad is USA? Worse than Chinese real-estate industry?
It seems like USA is worse at the moment…
Chinese government would buy all those empty houses. They have solution. Americans? It’s all about the trust and credit issues, once damaged, not easy to restore.
That’s the biggest difference between and USA and China. So, this credit issue will be larger and larger…That’s the biggest problem for all of us.
