Author: admin

Or, here’s your snippet: “American investors have been taken for a trillion-dollar ride by naked short sellers, in what could turn out to be the biggest financial regulatory scandal in North American history.

These broker-dealers have a “continuing responsibility to ensure that their customer’s order flow … is in compliance with all applicable rules, regulations and laws and detect and prevent manipulative or fraudulent trading … under the supervision and control of the firm,” the judge ruled.

When things get naked, the regulatory environment becomes riddled with compliance holes. With a naked short, the short seller is selling shares it doesn’t own and has made no arrangements to buy. That means the seller cannot cover or “settle” in this instance. More profoundly, it means they are selling ghost shares that simply do not exist without their further action. The ability to sell an unlimited number of non-existent shares in a publicly-traded company gives a short seller the ultimate power: To destroy and manipulate a company’s share price at will.  

What makes the September ruling so impactful is this: Without the big banks and financial institutions’ complicity, this highly destructive form of naked short selling could never happen.”

Or, here’s your snippet: “Gold’s value has been recognized for thousands of years, and it continues to hold a unique place in the world of investments. Not only can this precious metal help to reduce the risk from other investments in your portfolio, but it can also help protect your wealth and hedge against inflation.

But what exactly can new investors expect to see in terms of gold’s price growth? A variety of factors can impact the price of gold, including economic conditions, geopolitical events and market sentiment. And, over the past decade, gold’s price has experienced both ups and downs, making it an interesting case study. Let’s take a look at what a $1,000 investment in gold 10 years ago would be worth today.

As of October 2023, the price of gold hovers at about $1,900 per ounce. So, if you held onto your 0.753 ounces of gold from your initial $1,000 investment, it would be worth approximately $1,432 today. This means that your $1,000 investment would have grown by about 43% in nominal terms.

Or, here’s your snippet: “Suggestion: Today’s missive will flow better if you read as if you’re listening to the 1982 punk anthem “Rock The Casbah” by The Clash. And a sip of gin.

Where do we go from here?”

Or, here’s your snippet: “Immediately upon departing her post as Chair of the Federal Reserve, but prior to getting the nod from the Biden administration to become U.S. Treasury Secretary, Janet Yellen engaged in what the courageous reporter at ProPublica, Jesse Eisinger, called a “two-fisted money grab from banks.” Yellen raked in more than $7 million in speaking fees with the bulk of that coming from Wall Street banks and trading houses, including JPMorgan Chase. In a Tweet, Eisinger said: “This is corruption, but isn’t called that because it’s so quotidian.”

Hiring JPMorgan Chase to ensure “payment integrity” is like the U.S. Treasury hiring Allen Weisselberg as its accountant. Since 2014, JPMorgan Chase has admitted to five separate criminal felony charges brought by the U.S. Department of Justice. The first two of those felony charges related to the bank ignoring brazen red flags as Ponzi kingpin, Bernie Madoff, laundered billions of dollars through the bank for years.”

Or, here’s your snippet: “If you have not yet read the book 1984 by George Orwell, you absolutely must.

Unfortunately for Big Brother, ooops, I mean unfortunately for our 100 percent reliable, never-lies-to-us government, we have actual documents (including lawsuits), news stories, social media posts, and videos of the government at all levels mandating and forcing us to do all of those things, and more. Here’s just one example of Biden himself, the “Big Guy,” mandating the C19 shot:”

It also surpassed the 39% average loss in seven US equity bear markets since 1970, including last year’s 25% slump in the S&P 500 when the Fed started to lift rates from near zero.”

Or, here’s your snippet: ““The budget should be balanced,” a wise man stood and encouraged his fellow statesmen.

The quote is often attributed to Cicero, a Roman statesman who as Consul of the Roman Republic tried—and failed—to head off the coming of Julius Caesar and the Roman Empire. But did he really say this?

Let’s think this through for a minute. Even if Cicero did not say it, why has the quote been hanging around for a 100 or so years?

Oh well, Cicero fought against the rise of the Empire and lost.”

Or, here’s your snippet: “In the eyes of Wall Street veterans who are paying close attention to what’s going down at the mega banks on Wall Street, federal regulators are making the crime wave at these banks worse, not better. The federal fines for egregious behavior at these banks are getting smaller and more meaningless by the day.

Why would a trading house fail to report a derivative trade? It could be that it had exceeded its speculative trading limits or that its counterparty on the trade was a risky counterparty that a federally-insured bank shouldn’t be doing business with or with whom it already had too many risky derivative trades. It could also be that one large trading house was attempting to manipulate the market to benefit one of its other trading positions.”

Or, here’s your snippet: ” One month ago we warned that the toxic cocktail of Volcker-esque rates which have pushed the average credit card APR to a nose bleeding 21%…

Losses currently stand at 3.63% (up ~150bps from the bottom) and based on Goldman’s analysis, the losses will rise at least another ~130ps from current levels (to ~4.93%), implying we are roughly halfway through the credit loss increase cycle. He also thinks delinquencies could continue to underperform seasonality through the middle of next year and don’t see losses peaking until late 2024 / early 2025 for most issuers. Relative to expectations, Goldman sees losses rising the most at COF, followed by DFS, which is hardly surprising following the credit card company’s own charge-off rate forecast .”