In this clip from The Call @ Hedgeye, Macro & Financials analyst Josh Steiner discusses disconcerting headlines swirling around Credit Suisse and the broader implications for global markets with Hedgeye CEO Keith McCullough.

"Credit Suisse might be representative of the tip of the spear here, but there's a much bigger dynamic going on across a lot of banks and a lot of countries where CDS [Credit Default Swaps] continues to move wider and has been moving wider for quite a while," Steiner explains.

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Steiner: Credit Suisse Is 'The Tip Of The Spear' - The Call Live