#money #bank #inflation #creditsuisse #investing #market
I spoke with Clive Thompson, a retired private banker from Geneva, Switzerland, about Credit Suisse and the write-down of its AT1 bonds and the consequence of that event.
We also looked at how inflation is eating into people's savings and how much of a losing proposition it is to leave money in the bank, invest in money market funds or even buy government bonds.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
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