Using Veritas to Construct the "Per…

29-04-2017 Hits:93151 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:84456 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:84371 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:88928 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:87414 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:87229 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:58394 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:86758 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:86380 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:86733 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:93017 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:90361 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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For those of you who follow global markets, it's been a round Monday. The selloffs are being led primarily by the banks, and for good reason. HSBC, which I believe I advised readers to sell in the 80's last year, is near the mid 20's pre-market as it issues a rights offering at a 48% discount to last weeks share price at the close. Wheww! Talk about  a crew cut. A set of 20 at the money puts should have thrown off about $70 to $90k by now with at least $20k to $30k to go. If you were creative, you would have done much better. For instance, my institutional guys would have hit a home-run with just a few hundred thousand put out of the money, long dated - of course you would have had to have faith in my research and opinions. Still, $500k in, $4million out and still counting would do a lot to take the edge off of some of the other mistakes that may have been made.

 Reggie says: "Part one of three of my opinion of HSBC and the macro factors affecting it) - Nevertheless, the slowdown in the US economy and spiraling global inflation are likely to hurt economic growth in Asia and the Middle East. This factor could have a huge negative impact on the bank’s financial health in the near-to-medium term. Another cause for concern are the European markets, especially the UK, that are mirroring the recessionary trend seen in the US, where effects of the weakening housing market are likely to spill over into the personal loans business. Added to these issues, as mentioned in the earlier snapshot on HSBC, the bank’s stock price has declined by a mere 7.5% since the turmoil began in the middle of 2007, while its peers, such as Citigroup, JP Morgan Chase, Bank of America, and Barclays Plc, have lost on average 38% of their market values until now. 14 August 2008.

In the news this morning:

HSBC Trims U.S. Lending Unit: HSBC will abandon much of its U.S. consumer lending while planning to raise capital and cut its dividend.

Then there's Amex, whom I think I recommended short at $20 or $30 last year. They, admittedly, have been volatile as hell and difficult to hold on to, but the ride is paying off handsomely - currently trading at $11.40.

Reggie says: When the best of the best start with the shenanigans, what does that mean for the rest... My team has finished the Amex analysis, and it is interesting. Amex is considered the creme de la creme of credit card lenders, with a premium upscale consumer and business clientele that generally. The deteriorating consumer credit environment in the US has seen large credit card companies, including American Express (AXP), witness large write-offs and provisions in the last two quarters. AXP reported 2Q2008 net income from continuing operations of $655 million, or 56 cents a share, down from $1.04 billion or 86 cents a share in 2Q2007, off higher-than-expected provisions on its credit card lending portfolio. Credit metrics for AXP continue to weaken with 30 days past due card loans and 90 days past due card receivables rising to one of their highest levels ever at 3.9% and 3.0%, respectively, in 2Q2008. Amid the continuing US housing price decline, rising unemployment levels and increasing energy, commodity and food prices borne from burgeoning inflationary pressures, we expect AXP's delinquent credit card payments, credit cards defaults and losses to rise over the current levels. This coupled with rising funding cost off hastily dwindling liquidity in the credit markets, near non-existent securitization activities in the US, and deceleration in AXP's core credit card income due to slackening consumer spending, should weigh on AXP's near-to-medium-term earnings. However, we believe that AXP's liquidity position remains reasonable to weather the current difficult operating environment, particularly as the Company is expected to receive approximately $880 million annually for the next three years consequent to a favorable settlement of antitrust lawsuit against MasterCard and Visa. Thursday, 31 July 2008

In the news this morning: 

Bruised AmEx Returns to Roots: AmEx is returning to its roots as a charge-card issuer to well-heeled Americans, as the company reels from late payments and defaults.

Also from the Doo Doo 32 - PNC Slashes Dividend to Build Capital 3/2/2009 8:13 AM EST. I warned on this one way back in May of 2008 , and it has paid handsomely, and repetitively.

Then there's AIG: AIG Posts $61.7B 4Q Loss, Bailout Is Restructured- AP - American International Group Inc., once the world's largest insurer, said Monday it lost $61.7 billion in the fourth quarter, the biggest quarterly loss in U.S. corporate history, amid continued financial market turmoil.

I hope you guys don't believe AIG is in this mess by themselves. I have already caught one prominent insurer in the same hanky panky, just on a smaller scale using different acronyms for the activity. As I have said numerous times, the insurance sector's systemic risk to the economy is woefully underestimated.


And from around the globe...

Asia Pacific Markets

SymbolNameLast TradeChange
^AORD All Ordinaries 3,203.800 12:10AM ET Down 93.100 (2.82%)
^SSEC Shanghai Composite 2,093.447 2:00AM ET Up 10.595 (0.51%)
^HSI Hang Seng 12,317.46 4:59AM ET Down 494.11 (3.86%)
^BSESN BSE 30 8,607.08 5:28AM ET Down 284.53 (3.20%)
^JKSE Jakarta Composite 1,256.109 3:59AM ET Down 29.367 (2.28%)
^KLSE KLSE Composite 876.56 5:18AM ET Down 14.11 (1.58%)
^N225 Nikkei 225 7,280.15 2:00AM ET Down 288.27 (3.81%)
^NZ50 NZSE 50 2,481.515 Mar 1 Down 40.802 (1.62%)
^STI Straits Times 1,533.40 4:10AM ET Down 61.47 (3.85%)
^KS11 Seoul Composite 1,018.81 4:03AM ET Down 44.22 (4.16%)
^TWII Taiwan Weighted 4,425.83 12:45AM ET Down 131.32 (2.88%)


Africa/Middle East

SymbolNameLast TradeChange
^CCSI CMA 1,310.23 Mar 1 Up 22.88 (1.78%)
^TA100 TA-100 579.89 Mar 1 Down 23.80 (3.94%)



SymbolNameLast TradeChange
^ATX ATX 1,430.60 7:11AM ET Down 51.07 (3.45%)
^BFX BEL-20 1,627.92 7:26AM ET Down 68.66 (4.05%)
^FCHI CAC 40 2,609.8201 7:11AM ET Down 92.66 (3.43%)
^GDAXI DAX 3,732.44 7:11AM ET Down 111.30 (2.90%)
^AEX AEX General 211.69 7:26AM ET Down 8.12 (3.69%)
^OSEAX OSE All Share 250.79 7:11AM ET Down 8.27 (3.19%)
^MIBTEL MIBTel 12,048.0000 7:26AM ET Down 478.0000 (3.82%)
^SMSI Madrid General 773.03 7:25AM ET Down 30.89 (3.84%)
^OMXSPI Stockholm General 190.86 7:26AM ET Down 6.69 (3.38%)
^SSMI Swiss Market 4,499.83 7:11AM ET Down 190.84 (4.07%)
^FTSE FTSE 100 3,672.56 7:11AM ET

Down 157.53 (4.11%)