The negative headlines for Credit Suisse continued this morning, when they really need to stay out of the spotlight and rebuild some credibility. Unfortunately, situations like this can fast become self-fulfilling and every negative story in the media can have an adverse effect.
Our LPL Research team has released their comments regarding our U.S. Fed's Bank Term Funding Program (BTFP) as well as how it relates to our economic environment regarding interest rates. This past week may have brought back some negative memories from 2008, but we agree with our research team in that we don't think history will repeat itself. Please click here: LPL Research Blog
As always, your financial planning team has their "thumb on the pulse."