3.15.2023

Is this the new normal?

I was hoping it would end with SVB Financial Group Common Stock (SIVB) and Signature Bank Common Stock (SBNY) but I was wrong.

It seems that the strategy applied in all markets around the world is to repeat as many times as necessary before it hopefully becomes a self-fulfilling prophecy, "our banking system is structured differently compared to America". Or that "these two collapses are only isolated events".

Unfortunately, the strategy seems to have failed. Today, the major Swiss bank Credit Sussie fell hard. Which bank will fail tomorrow remains to be seen, hopefully none.


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