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Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world.

The breakdown is sponsored by nexo.io, Circle, and FtX, and produced and distributed by CoinDesk.

What's going on, guys? It is Monday, October 3rd, and today we are talking about credit suisse.

Before we dive into that, however, if you are enjoying the breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us in the breakers discord. You can find a link in the show notes or go to bit.ly slash breakdown pod.

All right, folks, well, listen, this weekend, we were gone at a wedding and I was basically

completely off Twitter. But even through that, it was impossible not to notice everyone on FinTwit screaming about

Credit Suisse. So today we're going to look at what the hell was actually going on and what it

means for markets in the broader economy. Early on Saturday morning, ABC Australia, the state

news company, published an article about the crisis in the UK bond market and potential systemic

...