A global recession is on the horizon - please read OP for mod warning

I can't understand why banks thought low interest long term bonds were a good idea for storing depositors cash. At a time when interest rates were at a record low and inflation was always inevitable.

This has been inevitable to be honest, you have your head in the sand if you didn't think so many deposits were in low interest bonds.

The deniers are as bad as the doom mongers, because you got a 10% pay rise, assets prices are high and unemployment is historically low, everything is "fine"

It is always fine before the house falls and all the regulators and government heads will tell you its fine. Bush just like biden stood up there and said the financial system was safe.

Unless you're posting from your yacht in the med you're not "some people".

So again I'd say get off your high horse and instead of trolling the "doomsdayers" post some actual insight if you have any from your ops role in credit Suisse.

And yet you are consistently posting here dismissively as if any bad news is simply scaremongering, before the extent of damage has fully been realised.

This latest banking scare has only just begun, it can go a lot further depending on how the regulatory authorities (and markets) react.

If managed poorly this could have disastrous impacts for worldwide finance (again)

Hysterical !

Remember 2008 when the rating agencies were rating toxic loans as AAA rated?

For the last 10 years every single financial ripple and issue and world event and problem gets forecasted as 2007.

It's important to look at these situations objectively. Could this current issue get worse? Sure. Could it evolve? Sure. Could it also dissipate? Sure.

Based on the situation with CS today I wouldn't be surprised to see it get worse before it gets better. Note: worse doesn't mean end of the world. If it chills over the weekend, then we could see e.g. an APAC bank or two flare up. The main damager as always is fear/nerves/panic.

Derivatives again you see lads. Warren Buffert warned years ago about them when he said " In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal."

Can you imagine financial institutions having more than 10 times the entire planets GDP tied up in them, it makes you wonder where the money came from.

Next will be those margin calls you watch

They'll have to root out all the Nazi gold!

We have learned our lesson never again

thank you tax payers we will do it again

Such weasel words. The thread was created last year as a natural response to a time of huge financial upheaval, there were and are very clear indicators of trouble ahead so you don't get to snidely dismiss it as "People are always saying this, everything is fine".

Most of us lived through the Celtic tiger and then the crash, most of us know only too well now what caused it. And we well remember the lads back then who dismissed all concerns and who claimed everything was normal. You are no different to them, you just feel the need to repeat it more than most.

A cryptocurrency investor constantly telling everybody else to ignore the red flags, who could have guessed. And who would listen to it.

The banks should be made go back to safe boring old institutions with feck all risk when this blows over

If you want to engage in poor risk management, complex ways of packaging poor debt, excessive compensation for shysters etc then have at it but you'll do it under a different designation than bank and you'll come with a Health warning and zero....**** zero chance of bailouts/socialising losses...

Collateralised debt/ large tranches of shite/risky debt hidden in with some performing stuff and then sold and resold should never have been let happen and the kind of shite that's clearly been happening recently shouldn't have been let proceed either

Yet another **** up because **** aren't exposed to consequences in a timely fashion....this time it's greedy rich connected politically influential ****.