Between the end of September and the beginning of October 2023, the #MOAB (Mother of All Bubbles) house of cards was dangerously wobbling. In a great coup de theatre, Jerome Burns managed to pull a “FED ghost pivot” 🐇 out of his magic hat, which sent everyone on a #FOMO…
NVIDIA, ITS RECYCLED “#AI REVOLUTION” AND THE DARK SIDE OF IT KEPT AWAY FROM THE PUBLIC
NVIDIA convinced everyone that we are just at the beginning of the #AI revolution and its GPUs will sell like hot cakes. Yes, we are at the beginning of the #AI revolution. However, NVIDIA isn’t going to be part of it as much as they (desperately) want people to believe,…
CHINA STOCKS – IS THE BOTTOM IN?
Last week, the #HongKong HSI index was up 5.5% despite only having 3 trading days due to the Chinese New Year holidays. #China index futures were also up ~3% in the same timeframe. Trading is about to resume in mainland #China along with all the country’s business activity after the…
THE INCOMING GERMAN REAL ESTATE MAYHEM
As you know, I have been investigating US real estate, especially #CRE, since early last year (JustDario). Nowadays, the ginormous bubble popping up while #stocks keep hitting new ATH records is not a secret anymore. Surprisingly, despite the banking crisis that started in January 2023 and was never solved (the…
FROM THE AMERICAN DREAM TO PONZI LAND
The other day, I was going through some old notes of mine, and I came across one I took about the 1MDB scandal. This is what I wrote in my notebook: “The US Government made it clear that, even if it occurred outside its borders, it has the right to…
THE (FAKE) NARRATIVE THAT FUELED THE BREAKNECK #STOCKS RALLY SINCE LAST OCTOBER JUST CRUMBLED – WHAT HAPPENS NOW?
To anyone who lives in the real world, it has always been clear that #inflation wasn’t truly cooling down as the official (politically adjusted) CPI data pretended to portray (TwitterX). If you want to have a live snapshot of the distorted reality “economists” see from the high rise ivory towers…
IS IT WHEN MARKETS (STUPIDITY) CAN’T BE RATIONALIZED ANYMORE THAT THE FARCE ENDS?
Pension funds, already deeply underwater on their illiquid private equity investments that they piled into during #ZIRP years, are now taking up hundreds of billions in leverage to invest in $NVDA, $INTC, and other “hot” names. So far, no one has managed to convincingly rationalize this idiocy. Real estate developers’…
IS $NVDA CURRENTLY EMPLOYING THE SAME ACCOUNTING TRICK TO INFLATE ITS MARGINS IT WAS PREVIOUSLY CAUGHT USING DURING THE DOT-COM BUBBLE?
In March 2011, the $NVDA CFO at that time, David White, suddenly resigned due to “personal reasons”. The company then took 2 years to find its new CFO, Colette Kress, who has remained in the role ever since. In 2011, David White was 55 years old and had only been…
THE SEC IS NOW THE GATEKEEPER OF AN ASYLUM WITH A NUCLEAR REACTOR AT ITS CENTER
The #SEC was established in the aftermath of the 1929 crash to prevent a similar disaster from happening again, right? For those who don’t know, these are the two pillars on which the US Congress drafted and passed the Securities Act of 1933 and the Securities Exchange Act of 1934:…
A MESSAGE FROM #CHINA : DEBT DETOXING IS GOING TO BE LONG, PAINFUL AND NEEDED NOT TO RISK THE ECONOMY DIES OF OVERDOSE AT SOME POINT
A lot of people, including myself, often draw parallels between 2008 and today. However, what should really be compared are the first and second largest economies in the world. Both #China and the #US have fueled enormous real estate bubbles that have since become #stocks market bubbles. The only difference…