Last week, Warren Buffett officially cut Berkshire Hathaway holdings in Bank of America to less than 10% ownership of the bank. Going forward, he will not be subject to prompt disclosures applied to “insiders”. In other words, he will be able to sell BAC shares at a faster pace without…
EXPOSING THE ILLUSION: HOW MODERN ECONOMICS FUELS WEALTH INEQUALITY AND ZOMBIE MARKETS
Two months ago, in FINANCIAL MARKETS REACHED A “SINGULARITY” NO ONE WANTS TO DEAL WITH, I tried to highlight how legacy economic theories—built on assumptions that never fully materialized decades ago—are now ineffective in today’s economic context. In that article, I emphasized five key points: Today, @thesiriusreport posted one of…
THE SMOKING GUN THAT PROVES HOW OPENAI IS MICROSOFT’S REVENUES LAUNDROMAT
First of all, I would like to praise The Information for its excellent work in doing proper journalism, something that nowadays is more unique than rare, sadly. Let’s start with the explosive article just published and that, of course, barely caught the attention of mainstream media that are being very…
THE PROS AND CONS OF TECHNICAL ANALYSIS: A USEFULT TOOL, BUT ALSO A TRAP FOR BEHAVIOURAL BIASES
I don’t expect many traders to truly reflect on the pitfalls of technical analysis, even after countless trading mistakes have already been made. While its value might seem obvious to anyone dazzled by the endless price charts and patterns, those who fall victim to its traps often don’t realize what’s…
THIS IS TRULY THE GOLDEN AGE FOR FRAUDS – BUT A REAL LIFETIME OPPORTUNITY IS ALSO COMING
I do not expect many people to learn a lesson from what happened today in Hong Kong’s stock market. While the hype fades in this corner of the market, it will surely resurface in another corner. Perhaps in the US, where fraudulent trading has been running wild in the past…
IS THE OIL PRICE ABOUT TO BECOME A KEY TOPIC OF THE US PRESIDENTIAL CAMPAIGN?
Oil price is perhaps the most manipulated asset price right now after gold and silver managed to escape BIS trading desk claws lately. Let’s start from where we left this topic almost one year ago when the Biden administration successfully managed to crush the oil price through the floor all…
MOUNTING SIGNS OF LIQUIDITY PROBLEMS AMONG LARGE US AND UK BANKS
The past week has been incredibly interesting, to say the least. For the first time since the 2020 COVID crisis, we saw the FED Standing Repo Facility being tapped for a significant size by at least one bank (IF “EVERYTHING IS AWESOME” WHY THERE IS AT LEAST ONE LARGE BANK…
AT THIS RATE CHINESE STOCKS WILL HIT ALL TIME HIGHS IN 3 WEEKS – WHAT’S REALLY HAPPENING THERE?
Victory lap after victory lap, my sincere congratulations to all those who jumped onto this rally. Just remember profits only become real once you cash out, but clearly, this is not on anyone’s mind at the moment. Let me share a story with you first: I landed in Hong Kong…
IF “EVERYTHING IS AWESOME” WHY THERE IS AT LEAST ONE LARGE BANK THAT COULDN’T FIND LIQUIDITY IN THE OPEN MARKET AND NEEDED IT FROM THE FED?
Yesterday was the end of the third quarter of the year, which means banks (along with brokers and asset managers) were busy “window dressing” their books to make sure they looked as good as possible by the time the quarter-end snapshot of their financials was taken. Bank goals heading toward…
JAPAN ISN’T ALLOWED TO IMPLODE BEFORE US ELECTIONS, BUT NOT EVERYTHING IS UNDER CONTROL AND THE CHANCES FOR A REAL BLACK MONDAY TO SPARK ARE NOT THAT LOW
Last Friday, a few minutes after the Tokyo stock exchange closed for the week, news about Shigeru Ishiba winning the LDP party leadership elections, making him virtually the next Prime Minister, jolted Japan’s futures and FX markets. Why did Japan stock futures crash more than 7% after the news? Because…