NVIDIA’s cooking of its financial earnings has reached a level of beauty and sophistication that the company should be awarded 3 Michelin stars and be featured in an episode of the popular Netflix series Chef’s Table. Get comfortable because this episode is going to be one with many “Woah!” Singapore…
Month: May 2025
THE PERFECT STORM IS NOW STARTING TO HIT JAPAN’S FINANCIAL SYSTEM
Imagine a whole financial system (banks, insurances, and pension funds) that for decades never second-guessed the solvency and liquidity of its own country’s government bonds because no matter what, its central bank was always ready to show a bid in case there were no takers in the market. What I…
STRAP ON FOLKS, BOND VIGILANTES ARE NOW IN THE DRIVING SEAT!
Back in August last year I wrote the article “IF THE FED CUTS RATES, THE DAMAGES WILL BE FAR GREATER THAN THE BENEFITS” to deliver the following warnings: “To all those who advocate rate cuts because those will benefit the economy, I dare to ask where exactly the economy will…
WHY BITCOIN ISN’T JUST A CRYPTOCURRENCY ANYMORE BUT MORE AND MORE AN ASSET ON ITS OWN
Back in September last year in “IS THIS BLACKROCK’S MASTER PLAN FOR BITCOIN?” I described how the investment powerhouse BlackRock was laying the ground to make Bitcoin the golden goose and growth engine for its operations in the near future, considering how mature all other asset classes within the manager’s…
SOFTBANK GOES ALL IN ON AI WITH THE LITTLE MONEY IT HAS LEFT
As I am writing this article, SoftBank Group shares are up ~5% after the release of the latest Full Year earnings results. We know that traders nowadays only follow headlines that are carefully crafted to always deliver the most bullish narrative and hardly spend any time digging into the numbers…
TARIFF WARS ARE OVER FOR NOW, BUT NEVERTHELESS THE INFLATION SPIRAL WILL CONTINUE
One month ago in the article “DEAR DONALD, THIS BATTLE IS LOST” this is what I suggested the US administration should have done to salvage the situation: “What should the US do now? Instead of borrowing a page from -The Art Of The Deal-, Donald Trump should consider reading Sun…
DRUMS OF WAR, KUMBAYA AND THE ART OF THE CONFUSION
The comparison between India’s and Pakistan’s stock markets perfectly illustrates the current state of financial markets, not only in the region but across the world. Let’s start with the smaller picture, where we find two nuclear-armed countries bombing each other this week, yet only one country’s stock market “noticed” while…
ARE WE 24 HOURS AWAY FROM A FED SURPRISE RATE CUT?
Right now, the futures market is pricing only a 2.7% probability of seeing the FED delivering a 25bp rate cut in the upcoming meeting. Considering the overall economic situation, my personal view is that the FED should be tightening financial conditions further, not the opposite. However, while US inflation remains…