Credit crunch is spreading throughout Europe, already reaching deflationary crisis proportions.

Eurodollar University · May 31, 2023 · 18m

Oil can't catch a sustained bid, too easily falling right back into contango. With the US debt ceiling agreement (in principle), rates markets worldwide can now go back to their regularly scheduled alarms. And they have. European banking data shows why that is as contagion spreads across loan books.

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CNBC: Credit Suisse weighs capital hike, possibility of exiting U.S. market

https://www.cnbc.com/2022/09/22/credit-suisse-weighs-capital-hike-looks-to-possibly-exit-us-market.html

Credit Suisse: Securitized Products…