Alasdair Macleod: This Is Worse Than Lehman; Banking Crisis Worsens
Liberty and Finance, Released on 3/22/23
Credit Suisse was just taken over by UBS. Banks as big as Credit Suisse always have to be saved, otherwise, the ramifications would be disastrous for the global banking system, explains Alasdair Macleod, head of research at Gold Money. One single event is unlikely to take the system down, he says. Instead, one problem will compound upon another. As for the magnitude, he expects the current banking crisis will be considerably greater than the Lehman crisis.
0:00 Intro1:25 Credit Suisse7:50 Fed intervention14:50 Markets vs currency30:20 Banking risks46:49 Gold Money47:50 Miles Franklin
Alasdair Macleod is head of research for GoldMoney. Alasdair has been a celebrated stockbroker and Member of the London Stock Exchange for over four decades. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. Read Macleod's writing: https://www.goldmoney.com/research.
Alasdair Macleod: This Is Worse Than Lehman; Banking Crisis Worsens added by Herman James on 03/21/2023View all posts by Herman James ?+'