Using Veritas to Construct the "Per…

29-04-2017 Hits:84581 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:79050 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:78902 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:83382 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:79949 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:82259 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:53236 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:81258 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:81270 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:81074 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:86923 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:84938 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

This weekend capped off the most exciting week in Wall Street history, bar none. Hopefully, the past week has also revealed the value of the insight that I try to bring to you through the blog. Let me run down a quick list of my thoughts of the various goings on...

Morgan Stanley and Goldman Sachs

All I can say is "I told you so". These banks business models became antiquated as soon as the credit market quaked from the real asset bubble bust. It was just a matter of time, and apparently, not much time at that.

For those who are not familiar with my opinions on these firms, perform a search on their names with the search bar at the top of this page. As I predicted, the independent investment bank is no more. This heralds a significant sea change in American finance, for the lower leverage needed to maintain a Federal bank charter means compensation expenses (read bonuses) will go way down. This will probably cause a quick blip in talent towards the more entrepenurial boutique shop. i say quick blip because in order to thrive in a small shop, you need to be able to produce and produce quickly on a risk adjusted basis, not just shove out numbers by any means necessary - as was accepted and actually demanded in what was the bulge bracket firms. Does this mean the US will fall in the global rankings of finance? I doubt so. The rest of the world has the same problems we do, and a much less competent (and apparently ambitiously imperialistic) regulatory regime. I will have a quick and dirty valuation of the new Goldman Sachs as a bank holding company for paying subscribers - hopefully in a few hours.

It appears as if Paulson, et. al. will/has included some favorable accounting rules that will help what was the investment banks buy the beaten down regionals by permitting multi-year amortization of asset write downs. Be aware that the change is accounting driven only. Don't confuse accounting values with true econonomic value. I suspect this to be a clandestine bailout of these two companies. They were going to face a signficant drop in share price once the silly news-driven euphoria wore off anyway. The accounting rule changes (I suspect, I am not sure yet) are to aid these companies in filling the gaping chasms in equity that they have developed. They will try to roll up other busted banks to develop mass deposit taking institutions. The problem is that they currently have excess operating leverage that portends the massive sell-off of assets, probably good and bad. This alone could break the bank (pun intended). It is here (among other places) where I am distrustful of Paulson's plan. He will marshall over a trillion dollars of US taxpayer money to buy these assets from overlevered institutions at who the hell knows what valuation, then probably hire them to manage and dispose of said assets. Here we have the potential for guaranteed conflicts of interest arising - which is why he needs immunity from judicial and congressional review - the ULTIMATE cronyism. This is how he will assist them in plugging those equity holes and cure insolvency-itis. By default, the treasury secretary has a conflict in even dealing with Goldman Sachs since he was the damn CEO of the company!!! Help me out here ladies and gents. What am I missing?!  

The ability, or lack thereof, to monetize the research that I put out on the blog

I have recieved many requests to issue guidance in trading, buys and sells, time, investment strategy, etc. I wish to reiterate - I do not offer investment advice to the public. I am not allowed to do it on an individualized basis through this medium in addition to the fact that I do not wish to do it. I do want people to succeed through, so I will share my thoughts on the current state of affairs regarding my research, and only my research and the facts surrounding it, a little more often. This I will offer freely through the blog, but will probably only make sense if you have access to subscription content. This is a thank you for those of you who choose to support the blog. It will not be a trading or investment advisory service, just a forum where I will try to be a little looser of tongue in terms of my opinions.

The current state of market volatility, the Doo Doo 32 and regional banks

Quite a few readers state that they have been whipsawed by the markets and wonder how I am able to produce profits. Well, I have a much longer term investment horizon than the retail short seller. I expect my positions to go negative at some point in time, and remain negative until I am proven right or wrong. I also am not afraid to take my profits and run. Practically every stock I released research on through this blog has reached its opined valuation mark. When that happens, I often cash in my chips or hedge my gains. My Morgan Stanley, GGP, and MBIA positions went deeply negative several months at a time, but ultimately all returned multiples of the original investment. Patience is a virtue. This is also why it is so important to use research you have confidence in. If you are confident in your convictions, then you will have the fortitude to stay the course. Markets are not rational in the short to medium term, contrary to what you have been taught in B school. If they were rational, then none of us can make money from the mispricing of market assets. If your B school professor disagrees, then compare his investment record to what you know of mine. Much of the Doo Doo 32 are grossly overpriced. I will be serving an update to the Doo Doo report in a couple of weeks, for paid subscribers only. I have a lot of reports that have become backlogged due to the extreme volatility in the markets which forced me to become a trader for the short term. As things calm down a bit, I will be releasing the content of the next phase of my investment thesis.

Paulson's plan

Contact your local congressman and senator and warn them about the dangers of letting such a plan move forward without congressional and/or judicial review. Markets correct. It's a fact of capitalism. Correction is not = to the waiver of checks and balances. Severe market corrections lead to a reshuffling of power and wealth, and that is something that the existing oligarchy is attemptint to prevent by any means necessary. You see how unique this blog is? How many other financial bloggers reference Malcom X, the current Republican (and rather imperialistic) regime, and macro economics in the same sentenceCool.

What's next?

Things are actually progressing exactly as I anticipated, just at a much faster rate. As the shadow banking sytem fully collapses (the last two shoes to drop are the CDS markets and the off balance sheet web of secrets held by financial companies), the next step in my financial thesis will unfold. 

Comments, anyone?