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Beleaguered Credit Suisse to pay almost 10% rate on bonds

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In other words, situation at CS is much worse than we all thought.

Mkts could stall

A lot of money will be made shorting Asia stocks tonight

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ECB meets to discuss bond rout as markets anticipate Fed rate rise – business liveInvestors wait to see how aggressive US Federal Reserve will be in raising rates, with fears that a bigger hike could tip the economy into recession Raising interest rates has never corrected inflation in an economy it actually makes it worse.
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