Nouriel Roubini says Credit Suisse collapse will be like a Lehman moment

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Nouriel Roubini, a high-profile economist and chief economist at Roubini Macro Associated, said on Wednesday that a Credit Suisse failure would be like a “Lehman Brothers moment”. In an interview on Bloomberg Television, Roubini said the problem with Credit Suisse, which fell more than 20% to a new record low, that it may be too big to fail, but Switzerland’s small Citing capacity may also be too large to save it. , Under Swiss regulations, Credit Suisse will see its bonds converted to equity in a “bail-in” process. Safety-seeking investors should move to short-term bonds, TIPS, gold and other precious metals that …

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