Yesterday, I posed this question: “WHAT IF NVIDIA SIMPLY TAGGED ALONG WITH A MICROSOFT AZURE SCAM PLAYBOOK?”. Twenty-four hours later, the company themselves replied to the question (I believe involuntarily), and the answer was “YES”. Please take a look at the part I highlighted from the #NVIDIA CFO commentary related…
Category:Daily
Daily post about finance and breaking news
WHAT IF NVIDIA SIMPLY TAGGED ALONG WITH A MICROSOFT AZURE SCAM PLAYBOOK?
3 months ago in “NVIDIA, ITS RECYCLED “#AI REVOLUTION” AND THE DARK SIDE OF IT KEPT AWAY FROM THE PUBLIC”, we already saw how the “#AI Revolution” was a PR campaign #NVIDIA tried to push already several times in the past without success. #OpenAI, a company founded on the 11th…
WHAT HAPPENS IF JEROME “BURNS” POWELL SUDDENLY RESIGNS?
As you know, there is hardly a day when I don’t fire some shots towards #FED Jerome Burns. However, it is becoming evident that his powers and degree of discretion are equivalent to those of a cloth puppet. I wonder whether Jerome ever imagined being in his current position 10…
NORINCHUKIN BANK OFFICIALLY JOINS THE LIST OF BANK OF JAPAN’S NIGHTMARES
Late last year, the #FED quietly added a very unique institution to its Standing REPO Facility: #Norinchukin Bank. Like every other news against the MSM narrative, this event was quickly brushed away from public attention. In the article “WHY IS THE FED PREPARING TO BAIL OUT A JAPANESE BANK? BECAUSE…
BECAUSE FOREIGN INVESTORS CANNOT KEEP PACE WITH THE US BALLOONING DEBT, WHY, WITHOUT #FED QE, JANET YELLEN ONLY ALTERNATIVE IS TO FORCE US PEOPLE TO BUY US TREASURIES.
Yesterday, the news that #China PBOC sold its largest amount of US Treasury reserves ever was not a shock. It was expected to happen sooner or later considering the state of the relationship between the two countries lately. Nevertheless, it was big news. At this point, I started to dig…
U.S. INVESTORS ARE THE DANCING PALLBEARES (AND THE AMERICAN DREAM IS THE ONE IN THE COFFIN)
The past 24 hours have been an absolute display of ridicule that the human mind could not contemplate a few years ago, but the Quantitative Easing fairy dust apparently makes every dream come true. I believe this CNBC article is the best example of incoherence between markets and reality: “CPI…
TALES OF A ROARING KITTY AND A TREMBLING SOFTBANK
History never repeats, but it often rhymes. Yesterday was one of those very fascinating days in which you experience so many déjà vu moments. A few hours before #Softbank’s FY2023 results, a kitty started to roar again after more than 3 years of silence (@TheRoaringKitty), and vibes from 2021 started…
CHINA’S ECONOMIC RESTRUCTURING RECIPE: CAPITALISTIC COMMUNISM
Who would have ever thought of seeing the words capitalism and communism next to each other without that being an oxymoron? The definition of capitalism is “an economic and political system in which a country’s trade and industry are controlled by private owners for profit” while the definition of communism…
DOES SOFTBANK NEED THE WEEKEND TO NEGOTIATE ITS BAILOUT?
While global investors are busily plucking daisy petals to decide between fear and #fomo, a (very) large elephant is crying out in pain in one corner of the globe. In a surreptitious move, #Softbank quietly rescheduled the release of their Financial Results for the entire 2023 fiscal year from the…
THE DANGERS OF FINANCIAL ENGINEERING AND, WHEN THAT IS NOT ENOUGH, ACCOUNTING FRAUD
I have to admit, yesterday was one of those days when I personally struggled quite a bit. While I was going through #UBS financial statements, finding something incredible (if not shocking) on every other page, #UBS share price was skyrocketing in the market (UBS Q1-24 RESULTS REVIEW – THE “LA…