Using Veritas to Construct the "Per…

29-04-2017 Hits:84698 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:79156 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:78997 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:83490 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:80048 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:82355 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:53328 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:81367 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:81358 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:81175 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:87033 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:85048 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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Mervyn King, Trichet, et. al. were pretty hard on the US when the subprime sh1t hit the fan. I don't know why, since it was obvious they would get splattered with those stinky brown drops as well. Does this sound familiar?

From Bloomberg : Jose Maria Gonzalez is struggling to unload a four-bedroom apartment in Madrid so he can pay for the 480,000-euro ($750,000) house he now lives in. His problem may wind up hurting investors in Rome and Hong Kong he's never met.


 

That's because mortgage-backed bonds issued by Gonzalez's lender are held by funds run by Pacific Investment Management Company LLC and Pioneer Investments. Property appraisal firms, working in the interests of the banks who controlled them, regularly inflated home values, says Josep Prats, a fund manager at Ahorro Corporacion in Madrid. Such assets are behind as much as 320 billion euros of that paper sold to savers worldwide.

Those estimates helped Spanish banks boost lending by supporting the sale of mortgage-backed bonds that fueled Europe's biggest homebuilding boom. The strategy turned sour after the U.S. subprime crisis triggered more than $470 billion in losses and writedowns worldwide. As Spanish assets are reassessed, the country may become a fresh source of losses.

``Valuations aren't realistic,'' says Prats, who heads a team managing about 11 billion euros. ``Valuation companies issue reports for whatever amount the bank managers are prepared to lend.''

There's more of course:

Saving Homes in Spain Means Immigrant Fanny Palacios Works 20 Hours Daily Fanny Palacios didn't sleep at night as she struggled to keep her home near Madrid.

Spaniards Dump Golf, Languid Lunches as Plunging House Prices Sap Economy As a Mercedes-Benz E-Class sedan glides through a security check and uniformed staff straighten deck chairs by an outdoor pool, well-heeled serenity masks the upheaval taking place at Madrid's most exclusive golf club.

Pain in Spain Falls Mainly on Trichet as ECB Accepts Toxic Mortgage Loans Spain's housing collapse is becoming European Central Bank President Jean-Claude Trichet's economic crisis as delinquent home-loans rise amid a slowing economy.

We all know how the UK in general is doing since they've coined the term, "Northern Rock moment", but its worse in Ireland. I announced to the blog last year that I was going move into these European and Asian areas, but there is so much to cover and so little time.

Pound Declines After U.K. Manufacturing Shrinks by the Most in a Decade

- or -

Bloomberg: Jim Kingham says the credit crunch is hurting his Belfast-area moving company more than the violence that ravaged Northern Ireland for 35 years.

Kingham has fired nine of his 12 workers at A1 Shortnotice, based in Newtownards, as house prices plunge and sales dry up.

``You can take me back to the days of the bombings,'' says Kingham, who has run A1 for 40 years. ``Business was better then. Five of my six lorries haven't left the yard for months.''

The credit-market rout is undermining the peace dividend for one of the U.K.'s poorest regions. Northern Ireland's economy is stalling as house prices, which surged as violence came to an end, fall at the fastest rate in the U.K. and building reaches a 12-year low...

...

Northern Ireland's economy will grow 1 percent this year and next, less than half the rate in 2007, according to a forecast by Ulster Bank, a unit of Royal Bank of Scotland Group Plc.

The province had expected an economic revival following the restoration of a power-sharing government between Catholics and Protestants last year. The accord settled a conflict that claimed 3,500 lives during a period known as the Troubles.

Leading up to the deal, house prices rose at the fastest pace in Europe, data from the Royal Institute of Chartered Surveyors show. They climbed 79 percent in the two years ending in the second quarter of 2007, according to Nationwide Building Society, the U.K.'s biggest customer-owned lender.

Frenzy Ends

``Properties would go on the market and the same day there was maybe 10 or 20 bids in,'' says Desmond Turley, managing director of Ulster Property Sales in Belfast. ``It was frenzied. Now it's different. The level of interest just isn't there.''

On average, U.K. house prices fell 4 percent in the second quarter from a year earlier, according to Nationwide. In Northern Ireland, prices plunged 19 percent.