More than a month ago in “WHY MAKING AMERICA GREAT AGAIN IS SUCH A BAD NEWS FOR MANY (GREEDY) US INVESTORS” I warned about how those companies that would suffer the biggest impact from US tariffs on foreign countries were, paradoxically, US companies. Why? Companies like Apple spent years building…
Category:Stocks
THE DESPERATE MOVE OF GERMANY’S POLITICIANS
Germany, long regarded as the economic locomotive of Europe, unveiled a 2025 budget plan in July 2024 that raised eyebrows across financial markets (to say the least). With a mix of ambitious spending, fiscal rule-bending, and stubborn adherence to the controversial “debt brake,” the new budget reflected a government grappling…
NVIDIA MANAGERS KNOW LAWSUITS ARE COMING AND ARE PREPARING TO DEFEND THEMSELVES
The latest Nvidia 10-K is not only remarkable for the outstanding results the company achieved in the last fiscal year, a good chunk of which are very questionable as we discussed so many times (archive), but is also remarkable for the significant amount of risk disclosures and legal disclaimers included…
AT WHICH STAGE OF A BUBBLE DO COMPANIES COMMIT MONEY THEY WILL NEVER REALISTICALLY HAVE?
That expectations and dreams today count more than reality is becoming harder and harder to deny, just as it’s becoming harder and harder to deny that companies’ management exclusively focuses on inflating their stock prices as much as possible in the short term, neglecting medium and long-term structural business growth….
NORINCHUKIN BANK IMPLOSION OFFICIALLY BEGINS
“Is it possible for a bank to continue operating while being insolvent? The answer is yes, and Norinchukin Bank is the best example of it at the moment”. This was how I started my last article on Norinchukin Bank 3 months ago. This is why yesterday I wasn’t surprised at…
HOW SOFTBANK IS FIGHTING BANKRUPTCY
Three months ago, right after SoftBank’s quarterly results for the three months ended in September 2024, I wrote “SOFTBANK IS RUNNING OUT OF CASH, BUT NO WORRIES NVIDIA IS TRYING TO RESCUE IT,” highlighting how Masaponzi Son’s company continues to burn significant amounts of cash. However, a timely announcement of…
WHY THE SITUATION OF UBS IS VERY DANGEROUS
A notification pops up on my phone about UBS’s latest earnings results and how cheerfully the market reacted, sending the stock up ~3% at the opening. As I always do, I go to the company’s investor relations website, download the latest report, and start reading. It didn’t take me long…
WHY MAKING AMERICA GREAT AGAIN IS SUCH A BAD NEWS FOR MANY (GREEDY) US INVESTORS
It is no mystery that U.S. companies that produce goods in other countries, like China, and sell them in the U.S., have successfully implemented many strategies over the years to maximize profits while minimizing taxation on their operations, especially profit tax. One common strategy is transfer pricing, which involves setting…
IN THE UPCOMING MAG7 EARNINGS SEASON QUESTIONS WILL MATTER MORE THAN NUMBERS
The Mag7 earnings season is about to kick off with Microsoft, Meta, and Tesla on Wednesday, followed by Apple on Thursday. Then the focus will shift next week to Alphabet on Tuesday and Amazon on Thursday. The last Mag7 company to report, perhaps the most important by far this time…
THE REAL ERA OF AI BEGINS, THE ONE OF THE AI CHARLATANS ENDS
This last week started with three clowns announcing a $500B “Stargate” project that they not only lacked funding for, but that structurally made no sense whatsoever. It ended with half of Silicon Valley in panic mode after suddenly waking up from their comfortable slumber to discover that their DeepSeek nightmare…