Using Veritas to Construct the "Per…

29-04-2017 Hits:87156 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:81086 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:80925 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:85398 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:81900 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:84088 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:55145 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:83338 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:83083 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:82975 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:89223 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:86945 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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In the news today...

The Doo Doo 32 pops back up:

Paulson Planning to Buy Stakes in Regional U.S. Banks to Unfreeze Credit 

"The decision to buy stakes in more lenders comes after some of the mid-sized American financial institutions report mounting losses. National City Corp., Ohio's largest lender, Oct. 21 posted a wider loss, put aside more money for unpaid loans and announced plans to eliminate 4,000 jobs. Its third-quarter net loss widened to $729 million, from $19 million a year earlier.

SunTrust Seeks Funds

SunTrust Banks Inc., Georgia's largest lender, posted a 26 percent decline in third-quarter profit yesterday. The bank's board authorized the sale of $1.6 billion to $4.9 billion in preferred shares to the U.S. Treasury, Chief Executive Officer James Wells said in a conference call."

HSBC shares down after Morgan Stanley cuts price

Shares of HSBC fell more than 5 per cent to a five-year low on Friday after Morgan Stanley cut its target price amid a negative outlook for emerging markets growth....

If you remember, after the rally last week, I went shopping in the UK and EU - See "Do you who's going to screw who next 013.jpgweek?": I spent the majority of my Wednesday of last week spreading my bearish positions further around the European banks. The balance was catering to my beautiful, yet demanding 2 year old daughter, the only 2 year old I know who forces her dad to go clothes shopping - seriously! She is also one of the main reasons I decided not to open up the hedge fund after spending SOOOOOO much money getting it set up. I was putting her down for her afternoon nap (a perk - and bain - of working from home) about a month ago and she looked me in the eyes and said "I wuv yoo too, Daddy!" Now, here I am cuddling my little girl to sleep, while half of Wall Street and Park Avenue was yelling at traders and kissing client ass trying to beg them not to withdraw funds during a time when EVERYONE was losing money. I thought to myself, "Hey,they can keep the extra cash and the headaches that go along with it. My girl needs a hug". For the record, I have two boys (7 and 16, both work on the blog) as well, both raised the same way with Dad slaving from home on a 24 hour work day. When I was younger, I was actually ashamed of not having the Wall Street office, with many service providers looking down upon the home office entrepeneur - not to mention a stay-at-home dad! Enter a little wisdom, age and common sense and I was able to confidently say F@#$%' em, it's the results that matter, and results are what I produce.

For those international blog members, notice how it seems as if I am always awake? Well, I am... as I type this post at the usual 3 am time slot in an effort to get 2 hours of sleep before I see my kids off to school.

Let this post be not only about the degradation of the UK/EU banking system, but about having balance in your life as well. This is starting to truly become a blog about my personal thoughts and opinions. Alas, I digress. Let me give you a glimpse into some of the additional reasons why I went shopping.

Bloomberg's take :

U.K. stocks dropped, led by financial and energy companies, as the government reported Britain's economy shrank more than forecast in the third quarter, diminishing the outlook for earnings. HSBC Holdings Plc, Europe's biggest bank, declined the most since Sept. 11, 2001, after Morgan Stanley cut its share- price estimate for the company by 25 percent. Barclays Plc fell after it was lowered to ``neutral'' from ``buy'' at UBS AG, which said earnings and dividends at the U.K.'s second-biggest bank may be hurt as it raises capital...

``Corporate earnings aren't looking good,'' said Andreas Nigg, a Zurich-based fund manager at Vontobel Asset Management which oversees $39 billion. ``In previous recessions, analysts' estimates have usually been too optimistic. It looks like this is also the case now.''

Britain's economy shrank in the third quarter, the government said today, as the global financial crisis ravaged industries from banking to construction, evidence that the country is in the grips of its first recession since 1991...

HSBC slid 8.4 percent to 737.25. Morgan Stanley lowered its earnings estimates for HSBC by 3 percent to $1.11 a share for this year and 10 percent to $1.05 for 2009.

``We question how long HSBC shares can continue to tread water in the face of falling earnings and increased pressure on capital,'' Morgan Stanley analysts led by Anil Agarwal wrote in a report today.

`More Difficult'

Barclays fell 4.1 percent to 209.25. ``A more difficult outlook for the U.K. economy has contributed to lower than previously expected top-line growth and higher impairment losses,'' London-based UBS analyst John-Paul Crutchley wrote in a note today. ``3.6 billion pounds of new equity prior to the end of March 2009 will lead to further dilution to earnings per share.''

Barclays is likely to cut its dividend next year as profit declines, Crutchley said, predicting a 2009 dividend of 12 pence and earnings of 24.36 pence a share, reduced from a previous estimate of 43.59 pence.

HBOS Plc, the U.K. bank that agreed to be bought by Lloyds TSB Group Plc, slid 9.3 percent to 66 pence. Aviva Plc, the U.K.'s biggest insurer, declined 8 percent to 253 pence.

The Riskiest Bank on the Street is a little late to the HSBC party (professional subscribers can download the full HSBC analysis from the Downloads section). This coincides with the third installment of my "Name Brand" buster series of posts (see the preview) that actually mark the name brand's performance to market. I have decided to include James Cramer's thestreet.com calls in the analysis as well (actually, it is being contributed by a reader). I also have a lot of macro commentary and research coming online very soon. Should be an interesting weekend.

I just got a newsflash (7 am) that the DOW futures dropped 500 points. The Dow is actually a meaningless marketing moniker, but the broad market is probably priming itself for a similar drop, thus I will continue blogging throughout the day. Next up, an insurance sector update (HIG) for subscribers and a macro report on why the global recession is here already - no need to guess. I may also have those blog vs bank vs newsletter comparisons for you as well. You guys and gals will be getting your money's worth today.