If you are a Prime Broker dealing with a US client involved in “questionable” trading activities in the US, how are you going to deal with that to keep doing business while staying at a safe distance from the US watchdog? Easy, you carry on the business from a different…
Category:Markets
THE SILENT “BUY NOW PAY LATER” CANCER SPREADING IN THE GLOBAL FINANCIAL SYSTEM
Since my first article on the topic several days ago (WHO ARE TODAY’S “NINJA” SUBPRIME LENDERS? SHOCKINGLY… PENSION FUNDS), where I focused on the fact that pension funds are shockingly the predominant buyers of “Buy Now Pay Later” CLOs, I have continued my investigation into this incredibly obscure part of…
MARKETS WILL QUICKLY STOP FEARING THE RISK OF “POLITICAL CHAOS” IN FRANCE
Emmanuel Macron’s decision to call snap elections in France after the disastrous results of his party in the latest European elections not only caught his fellow European leaders completely by surprise but also caught the ECB completely unprepared to deal with last week’s panic in French financial markets. Beware, financial…
GME EPISODE 6: THE RETURN OF THE JEDI
What’s going to happen now to #GME? A straight answer to this question is going to be quite technical and boring, which is why I decided to borrow a bit from George Lucas’s Star Wars saga today to have some fun with it. Episode 1: “The Phantom Menace” If you…
APPLE CREDIT CARD – THE (RADIOACTIVE) WORM INSIDE THE APPLE?
“Apple Card” was officially launched on the 20th of August 2019 with great fanfare, as usual (announcement). Who was #Apple’s partner? The one and only Goldman Sachs. With such a match made in heaven, what could go wrong? Apparently, a lot, considering Apple completely removed any mention of Credit Cards…
WHY GME IS NOT A “DAVID VS GOLIATH’ STORY, BUT A “GODZILLA VS KONG” ONE
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,…
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…