Using Veritas to Construct the "Per…

29-04-2017 Hits:85879 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:80095 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:79952 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:84432 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:80971 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:83205 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:54226 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:82353 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:82194 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:82062 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:88119 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:85974 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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The most successful analysts are being laid off on Wall Street. The Street as always thought of the analysis as a loss leader for M&A sales and brokerage commissions. After Spitzer tightened down on the industry, they tightened the budgets even more. Now, with this unprecedented downturn combined with the limited ability of the firms to use the analysts to sell other services (the Spitzer conflict of interest argument), the analytical staff is considered expensive dead weight that does not add directly to the revenue line.

If you thought the accuracy of the sell side was bad in the past (see Blog vs. Broker, whom do you trust!),  you ain't seen nothin' yet. With conflicts of interest still deeply ingrained in the culture and business models, the top flight (cost?) quality talent fleeing or getting fired, and budgets cut to the bone marrow, expect accuracy and analytical quality to drop considerably below mean - and mean was not very high to begin with.

 Luckily, a certain entrepreneurial investor who never was shackled by the hypocritical, recursive conflicts of interests that plagues the street has decided to share his proprietary research and lo and behold... I really think his research is better!

See Bank industry analysts fall prey to the shrinkage:

Goldman Sachs, Citigroup and Bank of America have recently axed analysts who covered some of their competitors. The analysts were particularly prominent within the industry because they were often quoted in Wall Street news stories and invited to meetings with bank executives. They were the voices who questioned executives on earnings calls, and they were often the ones casting most doubt on their field.

Now they join a growing pool of bankers and traders losing their jobs just before bonus time, with little hope of new employment any time soon.

"A lot of these analysts did not believe that they could get sacked," said Gustavo Dolfino, president of WhiteRock Group, a head-hunter in New York. "But just writing about the market doesn't mean you're making any money for the firm, that's why these analysts are losing their jobs."

Goldman was the first major bank to sack its banking analyst, William Tanona. Tanona, laid off Nov. 7, had worked there since 2005, when Goldman recruited him from JPMorgan Chase. He was one of the first analysts last fall to turn negative on Citigroup and to warn about Merrill's problems with its bundles of mortgages...

...In a note to clients, the bank, which is cutting 10 percent of its work force, said it was suspending coverage of his companies, which included Merrill Lynch, Morgan Stanley and Citigroup.

...Last week, Citigroup laid off Prashant Bhatia, who covered a range of brokers and asset mangers like the Fortress Investment Group, Merrill Lynch and BlackRock. Earlier this fall, Bank of America dismissed Michael Hecht, who covered investment banks. A Bank of America spokesman declined to say whether it had begun eliminating overlapping workers among its ranks since it agreed to acquire Merrill Lynch in September.

Banking analysts were not singled out. Goldman, for instance, dismissed a dozen other analysts who covered other industries, including newspapers and industrial companies. In some cases, banks may choose to lay off senior analysts and promote lower-cost workers into their roles.

Anybody looking for analysis can always come to me. I won't even try to push the securities of a company that I just underwrote or try an convince you to allow me to churn your account.