The hits just keep coming, day after day. Makes you wonder what's next? A band-aid for Credit Suisse. A buyout for First Republic. Which are both nice but how many band-aids are in the box and how many buyouts are possible?
So welcome to Thursday of Crazy Week. Once again, your host is at a bit of a loss in deciding where to start. I guess we can start with the ECB, where The Countess of The Dark actually went ahead and raised their main interest rate by 50 basis points to 3.00%. For perspective, this rate was still negative as recently as last July. OK, then....
