Do you remember the scene from “The Big Short” movie when Charlie and Jamie, the dynamic duo of the “bedroom hedge fund” Brownfield, stumble across Jared Vennet’s pitch in the JP Morgan lobby? If you don’t, here is the link for a quick refresher. Keith Gill, also known as @TheRoaringKitty,…
Category:Daily
Daily post about finance and breaking news
MEANWHILE STOCKS ENJOY THE HEAVENS, BANKS ARE GOING THROUGH HELL
It’s been some time since I first rang the alarm bell about the crisis unfolding in the Commercial Real Estate sector (#CRE) in the US. Banks’ risk departments were largely ignoring this crisis, an issue I highlighted in my previous post, ”The great paradox of CRE lending: while owners are…
THE CRITICAL LOOPHOLES IN THE LAW THAT MAKE NAKED SHORT-SELLING “LEGAL”
Why did the South Korean financial services regulator commence investigations into potential illegal naked short selling? In September 2023, over 50,000 citizens, frustrated with their losses in the Korean stock market, petitioned the government to investigate unfair trading practices, especially naked short selling, purportedly carried out by brokers and banks….
HOW TO TAKE ADVANTAGE OF DUMB (CENTRAL BANKS) AND DUMBER (GOVERNMENTS)
Have you ever watched the movie “Dumb and Dumber”? If you have not, you should. If that’s not your genre, at least do me a favor and watch this 41-second video clip here before reading this article. “That’s as good as money sir, those are IOUs”, isn’t this sentence striking…
IS MAGNETAR CAPITAL BLOWING AIR INTO THE NVIDIA (PONZI) SCHEME SO THEY CAN BET ON ITS IMPLOSION?
First of all, what is Magnetar Capital (MC)? It’s a hedge fund, no wait, it’s a private equity, no actually it’s a shadow bank, ehm, what the heck is MC? It’s a very interesting combination of the three categories I mentioned above and it has been working quite well for…