Using Veritas to Construct the "Per…

29-04-2017 Hits:88416 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...

Read more

The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:82133 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.

Read more

What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:82015 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...

Read more

Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:86517 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...

Read more

This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:82958 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...

Read more

What is the Value Proposition For Verita…

01-04-2017 Hits:85087 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...

Read more

This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:56178 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...

Read more

Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:84405 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...

Read more

Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:84120 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...

Read more

The Country's First Newly Elected Lame D…

27-03-2017 Hits:83988 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...

Read more

Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:90454 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.

Read more

The Transformation of Television in Amer…

21-03-2017 Hits:88032 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...

Read more

From Bloomberg: UBS, Credit Suisse Face Leverage Cap, Regulator Says

Sept. 2 (Bloomberg) -- UBS AG and Credit Suisse Group AG will have to hold more capital in reserve against their assets following subprime-related losses, the head of Switzerland's Federal Banking Commission said.

``We plan to introduce the new rules by the end of the year at the latest,'' Chairman Eugen Haltiner said in an interview at a conference in Zurich today. The commission received the banks' replies to its proposal and is discussing details of the plan, he said. ``We are going ahead with the leverage ratio.''

Switzerland's two largest banks may have to cancel dividends, stop share buybacks, shrink balance sheets and raise fresh capital to satisfy new requirements, analysts including Morgan Stanley's Huw van Steenis have estimated. Credit Suisse has said a leverage cap will make Swiss banks less competitive.No it won't at least on a relative basis, since the US and the UK regulators will be doing the same thing to their banks momentarily. As I have been cooing for some time, the giddy days of big bonus investment banking funded by imprudent leverage and the eyeing of accounting earnings that ignore economic risk are over - at least until the next boom. See Banks, Brokers, & Bullsh1+ part 1, Banks, Brokers, & Bullsh1+ part 2 ... and Goldman Sachs Snapshot: Risk vs. Reward vs. Reputations on the Street.

The regulator is in discussions with the banks over which assets should be included in determining the ratio, and whether off-balance-sheet holdings and government bonds should be excluded from the calculations, Haltiner said. What's the use of instituting these changes if they are going to continue to allow the bank to play "hide the sausage"? 

``We are eager to learn the position of the banks,'' he said. Aren't we all??? ``I can assure you that competitiveness will stay in our mind.''

The assets of UBS and Credit Suisse exceed the country's annual gross domestic product by seven times. Yet capital at the banks amounted to only about 2.5 percent of their total holdings at the end of last year, down from 7 percent in 1995, the Swiss National Bank said in its annual financial stability report. In the U.S., banks must have capital amounting to at least 5 percent of assets, the central bank said. And you wonder why I am short these guys????????

The two Swiss banks and German rival Deutsche Bank AG are ``very low-capitalized'' compared with their U.S. peers, Haltiner said. Capital ``at least has to come up to a level that is competitive internationally, which is not yet the case.''As I said in previous posts, the UK and Eurozone wil face financial system hell this winter.

....

Under current regulations in Switzerland, banks must hold capital that amounts to at least 8 percent of their assets, weighted according to their risk.

Those rules ``made a mess in the end'' because they didn't require capital to be held against top-rated assets, including many securities backed by subprime mortgages, Haltiner said. Have we heard that story before???

Those investments lost value when the U.S. housing market fell into the worst slump since the Great Depression. UBS took more than $43 billion of subprime-related writedowns and had to raise almost $28 billion of capital from investors...