Using Veritas to Construct the "Per…

29-04-2017 Hits:87156 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:81086 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:80925 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:85398 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:81900 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:84088 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:55145 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:83338 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:83083 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:82975 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:89223 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:86945 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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They are still quite illiquid and the comany is still significantly over priced.

In 2Q09 GS’ derivative (included in level 3 assets) actually declined to $15 bn (29.5% of tangible equity) from $16.4 bn (39.1%  of tangible equity) as of March 31, 2009. GS’ derivative contracts (total) also declined to $90 bn, or 176.9% of tangible equity in 2Q09 from $104.3 bn, or 248.9%  of tangible equity as of March 31, 2009 while total level 3 assets declined to $54.4 bn (107% of tangible equity) from $59.6 bn in 1Q09 (141% of tangible equity).

 

($ mn)

Jun-09

Mar-09

Nov-08

Aug-08

May-08

Feb-08

Nov-07

Aug-07

May-07

Derivative contracts

90,026

104,325

130,337

121,563

120,450

140,688

105,614

87,025

73,715

Derivative contracts (level 3)

15,016

16,378

15,124

13,745

18,417

25,013

15,700

15,845

8,960

Level 3 Assets

54,444

59,062

66,190

67,868

78,088

96,386

69,151

72,048

54,101

 

               

 

Tangible Equity

50,883

41,908

42,698

37,266

36,423

34,309

34,608

30,542

29,861

Common Equity

55,856

47,046

47,898

42,499

41,718

39,529

39,700

36,018

35,359

 

               

 

Derivative contracts level 3 / Derivative contracts

16.7%

15.7%

11.6%

11.3%

15.3%

17.8%

14.9%

18.2%

12.2%

Level 1 Assets / Tangible Equity

207.5%

217.8%

153.1%

250.2%

273.0%

331.7%

329.8%

398.6%

406.1%

Level 2 Assets / Tangible Equity

653.9%

840.7%

815.0%

912.4%

885.0%

1079.9%

961.5%

906.1%

792.9%

Level 3 Assets / Tangible Equity

107.0%

140.9%

155.0%

182.1%

214.4%

280.9%

199.8%

235.9%

181.2%

 

               

 

Derivative Contracts  / Tangible Equity

176.9%

248.9%

305.3%

326.2%

330.7%

410.1%

305.2%

284.9%

246.9%

Derivative Contracts  (Level 3) / Tangible Equity

29.5%

39.1%

35.4%

36.9%

50.6%

72.9%

45.4%

51.9%

30.0%

  I will be posting more on Goldman later this week.