Using Veritas to Construct the "Per…

29-04-2017 Hits:88603 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:82284 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:82176 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:86672 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:83103 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:85225 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:56329 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:84567 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:84260 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:84119 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:90620 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:88188 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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Paulson's past statements, specifically, his declaration six months ago that "our institutions, our banks and investment banks, are strong," or his statement four months, "I do believe that the worst is likely to be behind us," can lead one such as myself who disliked Bush politics before it was cool to do so to wonder about this man's credibility. Stage exit left every major investment bank in this nation, the largest mortgage bank (Countrywide), the largest bankruptcy in the history of this country (Lehman, the 2nd largest was about 1/8th the size of Lehman), the largest THREE bailouts of any single company (Fannie, Freddie and AIG), and the imminent failure of the largest thrift (WaMu), not to mention all of the trash paper sitting on the books of banks, brokers and hedge funds (see Counterparty risk analyses – counterparty failure will open up another Pandora’s box, Banks, Brokers, & Bullsh1+ part 1, and Banks, Brokers, & Bullsh1+ part 2).

Now he declares that we face a virtual financial armageddon if we do not immediately give him a revolving credit line of $700 billion+ dollars and immunity from the law and the legislature? Have I missed something here? Now, I've been known to doubt this man in the past (see Reggie Middleton says don't believe Paulson: S&L crisis 2.0, bank failure redux), but this most recent ballsy move is actually disturbing my sleep (and as cute as I may be, even I need what little sleep I can get!).

His extreme flip-flopping leads me to believe that he is either disengenious or incompetent. After all, I have considerably less resources at my disposal, and I declared as far back as April that "The worst is behind us, unless massive bank failure is considered a bad thing!".

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2nd lien products in high LTV states that have rapidly declining housing values proffer the opportunity for 100% losses with no recoveries. 

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 I think we can safely rule out incompetent as the ex-CEO of Goldman, who was just fine according to Paulson just a few months ago (of course I disagreed re: Goldman, just a few months ago as well). These statements have been excused as a forgivable attempt to soothe public concern. Well, if he is willing to manipulate public concern in one direction, what makes one think he is not willing to do the same for a different cause? Since when did lying (or being incompetent) become forgivable in public office? Did Rumsfield do it for Aghanistan? How about Bush and his WMDs in Iraq?

Arianna Huffington puts it best:

 See if this sounds familiar:

There is a gathering threat to the safety of the United States. We must take immediate action. Congress must quickly grant the President and the Secretary what they want and also give them full and unfettered authority to execute the plan.

Welcome to Economic Shock and Awe (or as some have dubbed it, according to Paul Krugman, "the Authorization for Use of Financial Force").

Even the amount of taxpayer money being bandied about -- $1 trillion -- is similar. Think you got your money's worth for the Iraq war? Congratulations -- you're about to buy another pricey debacle.

We've seen how negligent the Bush administration is with our money -- flushing billions on wasteful, mismanaged Iraq reconstruction and Katrina recovery projects.

Now the same folks who brought us those no-bid, profit-guaranteed, crony-friendly, war-and-disaster-profiteering boondoggles want us to hand them control of a $700 billion Wall Street slush fund -- with no strings attached. How dumb -- or frightened -- do they think we are?

Let's get this straight. Overleveraged financial institutions, real asset developers and industrials are going to go bust. This is going to happen whether you spend $700 billion+ or not. So whey spend the $700 billion+?

"Shock and Awe" 2.0!