“Many observers maintained that the AMR and UAL option activity leading up to September 11 constitutes strong evidence that there had been trading on advance knowledge of the attacks” In “Unusual Option Market Activity and the Terrorist Attacks of September 11, 2001” published in 2006, the author provided a very…
Month: July 2024
NOT ONLY IS NORINCHUKIN ABOUT TO LIVE THROUGH THE 2008 NIGHTMARE AGAIN, BUT MANY JAPANESE BANKS ARE IN THE SAME SITUATION
In the article “How Japan’s farmers and fishermen backed the leveraged loan boom” published more than 5 years ago, the FT tried, through the teeth, to sound the alarm on #Norinchukin Bank’s out-of-control buying spree of Collateralized Loan Obligations (CLOs). The bank was such a key player in the market…
WILL BANKS MANAGE TO HIDE THEIR MOUNTAIN OF LOSSES FOR ONE MORE QUARTER?
The previous quarter, banks truly stretched any possible accounting and regulatory standard to the limit to kick the can down the road, hoping a #FED rate cut could give them some relief. Unfortunately for them, not only did this not happen, but today our dear Jerome Burns reminded everyone that…
IS SOFTBANK TRYING TO SQUEEZE ARM INTO MAJOR INDEXES TO FORCE PASSIVE INVESTING BIDS AND LIQUIDATE THE STOCK WITHOUT CRASHING IT?
ARM is both a joy and a problem for Softbank, why? On one side, the stock is Masa Son’s current jewel of the crown, but on the other, #Softbank owns 90% of it, precluding them from liquidating the investment and gathering badly needed cash to repay its mounting debt. I…
HOW DO YOU SAY “NINJA MORTGAGE” IN GERMAN? THE BREWING CRISIS NO ONE IS FORESEEING
As you know, I recently took a trip to Germany. As always, I mixed pleasure with business, aiming to visit relatives and better understand the German real estate market. I was particularly interested in determining if the on-the-ground situation was as dire as the statistical data suggested, which I previously…
MELLANOX, THE CORNERSTONE OF NVIDIA-MICROSOFT REVENUES ROUND-TRIPPING SCHEME
February 22, 2013 case number 1:2013cv01225 US District Court for the Southern District of New York Plaintiff Valentin Petrov Defendant Mellanox Technologies, Ltd. (link). “The Exchange Act claims allege that Defendants engaged in a fraudulent scheme to artificially inflate the Company’s stock price. As a result of the fraud described…
HOW ARE FINANCIAL MARKETS GOING TO REACT IF JOE BIDEN ENDS UP DROPPING OUT OF THE PRESIDENTIAL RACE?
The current market structure, though robust on the surface, maybe one of the most fragile in history. On one side, you have investors, both retail and professional, who tend to #FOMO into anything that rises (although professional investors call that the “momentum” strategy). On the other side, you have algorithms…
WHICH BANKS ARE AT RISK OF GOING BUST IN A LIQUIDITY CRISIS? – EPISODE 2
In September 2023, I addressed for the first time the (nasty) topic of #banks’ balance sheet health in the “This time is not different” post on X. After that, I expanded the analysis to large US and European banks in “WHICH BANKS ARE AT RISK OF GOING BUST IN A…