Financial crises are periods when uncertainty explodes. Uncertainty causes stress and questions, for investors, traders, and anyone who routinely reads the news.News, financial and otherwise, ultimately causes a major headache.The term “correction” is technically defined as a market drop within 10%. Above that level, and especially above 20%, is a…

A few days ago we pointed out that we might not believe in the good health of Credit Suisse, but we had to believe that the Swiss National Bank would do everything to restore the total credibility and financial stability of the institution, which is Switzerland’s second-largest bank.The Swiss National…

ENGLISH Version In recent months, we had emphasized that the era we are living through has some similarities, and perhaps numerous similarities, to other previous historical eras. But it certainly has a new element that has never been there: the exit from a condition of monstrous liquidity injection that lasted…

There are two failed banks in the U.S.: Silvergate, drowned with crypto, and Silicon Valley Bank, heavily exposed in real estate, drowned, above all, for having an exaggerated amount of Treasuries in its belly, sold in the market for liquidity hedging purposes. Securities that if carried to maturity would have…