Credit Suisse reported Thursday that it expects bank trading revenues for the first quarter to plunge 26 percent on average, and while market watchers worry over what this implies for the U.S. economy, one expert considers bank woes are limited to the sector.
Chris Thornberg of Beacon Economics told CNBC’s “Closing Bell” that “what’s happening with these banks is more about the markets than the real economy.” The firm’s founding partner added that “the real economy is doing fine.”
