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…
DID CREDIT SUISSE BAIL OUT $UBS?
No, I didn’t get the title wrong, I meant to say that. You know why? Because that’s what’s written in $UBS Q4-23 financial statements just released. Let’s go straight into it. Please look at Picture 1 where you can see the amount of Total Assets and Total Liabilities still attached…
WHY #CHINA MARGIN LENDING NIGHTMARE IS A BIG WARNING TO #US AND #EUROPE #STOCKS
As you know, I am currently in mainland #China, so please forgive me if I am going to be extra careful about anything I write until next week. Yesterday, #China #stocks suddenly started to free fall in what could have turned into a 1987 style crash if it wasn’t for…
WE JUST WATCHED JEROME POWELL “WALKING ON EGGS” FOR #60MINUTES!
Today, Jerome Powell reminded everyone why he fully deserves to be called Jerome Burns instead (in honor of the #FED chairman Arthur Burns, the one that couldn’t get anything right). For the entire length of his 60 Minutes interview, you can really understand: 🚩The #FED chair denies being a politician,…