Today, #Norinchukin Bank is starting to be less of an obscure name compared to more than 7 months ago when the #FED quietly added it to the list of counterparts eligible to access the standing Repo Facility the central bank established with the purpose of dealing with emergency liquidity shortfalls…
Month: June 2024
A PEEK INTO THE FUTURE: USD/JPY ROAD TO 300
Three months ago, in “Why a Historical $JPY Currency Crisis Is at the Doorstep of Japan”, we discussed the precarious state of the Japanese yen (#JPY). Considering the volume of JPY printed, the size of Japan’s economy, and its foreign reserves, the yen should have been trading at 298 against…
THE STORY OF CREDIT SUISSE, ARCHEGOS, AND A SWAP THAT “SCREAMS” GME
If you are a Prime Broker dealing with a US client involved in “questionable” trading activities in the US, how are you going to deal with that to keep doing business while staying at a safe distance from the US watchdog? Easy, you carry on the business from a different…
WHY WE ARE BUILDING SYNNAX, AND WHY CREDIT INTELLIGENCE IS THE FUTURE
As many of you know, I am quite fond of digging deep into corporate financials. However, there is a physical limit to how much a person can cover. Furthermore, it requires a long time and experience to not miss the nuances of increasingly complex financial reporting documents. Add to this…
THE SILENT “BUY NOW PAY LATER” CANCER SPREADING IN THE GLOBAL FINANCIAL SYSTEM
Since my first article on the topic several days ago (WHO ARE TODAY’S “NINJA” SUBPRIME LENDERS? SHOCKINGLY… PENSION FUNDS), where I focused on the fact that pension funds are shockingly the predominant buyers of “Buy Now Pay Later” CLOs, I have continued my investigation into this incredibly obscure part of…
MARKETS WILL QUICKLY STOP FEARING THE RISK OF “POLITICAL CHAOS” IN FRANCE
Emmanuel Macron’s decision to call snap elections in France after the disastrous results of his party in the latest European elections not only caught his fellow European leaders completely by surprise but also caught the ECB completely unprepared to deal with last week’s panic in French financial markets. Beware, financial…
THE PROOF THAT THE US BLS IS MAKING UP NUMBERS OUT OF THIN AIR
By now we know that US BLS data are totally unrealistic for anyone who lives in the real world. My goal in this article is to demonstrate how, after 2020, the BLS has been literally making up numbers that go against any law of statistics. First of all, let’s start…
GME EPISODE 6: THE RETURN OF THE JEDI
What’s going to happen now to #GME? A straight answer to this question is going to be quite technical and boring, which is why I decided to borrow a bit from George Lucas’s Star Wars saga today to have some fun with it. Episode 1: “The Phantom Menace” If you…
APPLE CREDIT CARD – THE (RADIOACTIVE) WORM INSIDE THE APPLE?
“Apple Card” was officially launched on the 20th of August 2019 with great fanfare, as usual (announcement). Who was #Apple’s partner? The one and only Goldman Sachs. With such a match made in heaven, what could go wrong? Apparently, a lot, considering Apple completely removed any mention of Credit Cards…
HOW LOW WILL THE EUR SINK THIS TIME?
Last week, the European Central Bank (#ECB) didn’t make a policy mistake. As we discussed in “AFTER JAPAN, NOW IT’S EUROPE’S TURN TO SACRIFICE ITSELF TO KEEP THE US MARKET BUBBLE ALIVE UNTIL THE ELECTIONS”, they simply acted to serve the US Federal Reserve (#FED) interests. The market now expects…