For traders, a FED rate cut next week is a done deal, and portfolios have already been positioned accordingly. This is the narrative force-fed by MSM to the public that everyone is expected to embrace. However, today I would like to offer you a different perspective. What if this strong…
Category:Banks
NORINCHUKIN BANK CHAOS CAN TRIGGER AT ANY MOMENT
I started to cover Norinchukin Bank many months ago already (“WHY IS THE FED PREPARING TO BAIL OUT A JAPANESE BANK? BECAUSE OF THE “NORINCHUKIN” DANGER”) and since then the situation of one of the biggest Japanese banks has become worse and worse: A few weeks ago Norinchukin released its…
IS A LARGE BROKER USING CLIENTS’ FUNDS TO COVER ITS LOSSES?
Even if everything is “back to normal” and everyone is behaving as if the events from two weeks ago were just a bad nightmare, with the VIX free-falling in a way never seen before (from 66 below 18 in 7 trading days, while every time before it took months to…
UBS’ GAMES OF SMOKE AND MIRRORS TO HIDE ITS GIANT PROBLEMS
UBS reported its Q2-24 earnings, and after a brief moment of selling pressure at the open, the stock started soaring, ending the day up more than 5%. Yes, on the surface, UBS reported a net profit more than double what Wall Street analysts expected, and that was enough to feed…
DEAR BOJ, WHAT’S THIS SOUND ABOUT? “TIC TOC TIC TOC”
On 14 October 2008, the BOJ entered the bailout arena in full force with its “Introduction of Measures regarding Money Market Operations to Ensure Stability in Financial Markets.” Among the four “temporary” initiatives announced, the last one was the most crucial one… and remains the most crucial one today. “Expansion…
THE JPY CARRY TRADE IMPLOSION CONTAGION IS ALREADY SPREADING INTO THE UK
While doing my best to untangle the mess of the Bank of Japan (BOJ), in particular, to figure out which financial institution/s could be in danger after what happened on Monday this week, I stumbled upon something very interesting. Please have a look. This chart represents the Bank of England…
THIS IS NOT 1987, 2000, 2008 OR 2020, BUT A WHOLE NEW MARKET MONSTER
These days there are a lot of comparisons being made with what happened in previous financial crises that unfolded after times of irrational exuberance and reckless monetary policy, but many are failing to grasp how the current situation is hardly comparable to what happened in the past for many reasons….
WHAT BULL MARKET? ALL-TIME HIGH DESPAIR AMONG BANKERS
Three months ago, before Q1-24 banks’ earnings season kicked off, I collected all feedback gathered from bank insiders in “GET READY, INSIDERS TOLD ME A HORRIBLE BANKS’ EARNINGS SEASON IS ABOUT TO BEGIN”. However, banks put on a great show of accounting acrobatics and magic tricks to make sure they…
IS WARREN BUFFETT STARTING TO BE WORRIED ABOUT BANK OF AMERICA’S SOLVENCY?
Bank of America (#BAC) published its last quarterly financial earnings on July 16, and from the 17th to the 19th, Warren Buffett sold ~34m shares of BAC, cashing out ~1.5bn USD (Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion). Yes, Uncle Warren still holds almost 1 billion BAC…
GOLDMAN SACHS Q2-24: WHAT A (RIDICULOUS) FAIRY TALE
A few weeks ago Goldman Sachs (#GS) performed poorly in the #FED annual stress tests, and since then, the bank has been fighting against its regulator’s request to increase the capital being held on the balance sheet (Goldman Sachs faces uphill battle in dispute with Federal Reserve over stress test)….