Using Veritas to Construct the "Per…

29-04-2017 Hits:88605 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:82286 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:82177 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:86673 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:83105 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:85227 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:56330 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:84569 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:84261 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:84120 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:90621 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:88189 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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I targeted Wells Fargo in May, as part of my Doo Doo 32 bank series - see The Drill Down, the Forensic Analysis and the more general "Anatomy of a Sick Bank"! If I am not mistaken, I made it perfectly clear that Wells Fargo is not what it is cracked up to be, name brand investors notwithstanding. Well, it appears that the popular media has jumped on the bandwagon. See the following from the Wall Street Journal:   

 

Wells Fargo Stirs Doubts

Close Examination Of Balance Sheet Reveals Problems
By PETER EAVIS
August 15, 2008

More chinks are appearing in Wells Fargo's armor.

The San Francisco bank avoided large subprime slip-ups, which has persuaded investors to award it a premium valuation. Wells Fargo, the No. 3 bank by market capitalization, trades at just over two times its book value, double the multiple the market is placing on J.P. Morgan Chase, also relatively unscathed by the credit crunch.


Likewise, Wells Fargo's stock is down just 10% over the past 12 months, a period that has blown up other banks' balance sheets and sent the KBW Bank Index down 36%.

But it is time to rein in the optimism about Wells Fargo.

Second-quarter results, posted in mid-July, showed that Wells Fargo's bottom line got a sizable boost from volatile trading income and a write-up of some mortgage-related assets. Investors shrugged, bidding Wells Fargo's shares up nearly 50% since then.

But new financial disclosures, contained in a quarterly financial filing released Friday, bolsters the fear that Wells Fargo's earnings aren't all they are cracked up to be.

To members of the press: I do this stuff all day every day, and I would love to have a relationship with you guys. Contact me and I can feed you all types of stuff on all types of companies that most may not see coming for months. We can even have a good time at it. If I get enough feedback while the boating season is still here, we can have a media party on the MotherLand. The BoomBustBlog events are a lot of fun. Click the pic below to see an example.