Reggie Middleton

Reggie Middleton

Resident Contrarian Badass at BoomBustBlog (you can call me Editor-in-Chief)...

Disruptor-in-Chief at Veritaseum.com, where we're ushering the P2P Economy.

 

There is no such thing as a trustworthy trusted partyCredit Suisse has been posting cryptocurrency advisories over the last few weeks. They are quite one-sided, although couched in the appearance of objectivity. To explain why it's couched in the appearance of objectivity, and not actually objective, let me give you some background. 

Our HSBC research report released August of 2016 has proven to be 110% correct as the company reports an 82% drop in year over year earnings.

Our HSBC research report released September of 2016 has proven to be 110% correct. This is the first sentence of our report:

HSBC Common Equity Returns: Notwithstanding a possible boost from significant depreciation of the pound and their beating (already lowered) analysts’ expectations, it looks as if the market has not sufficiently discounted HSBC’s price given it’s extremely negative fundamental, credit and macro outlook. 

This morning the company reports an 82% drop in year over year earnings. Bloomberg reports HSBC Plunges After Missing Profit Estimates on Revenue Drop

HSBC Holdings Plc dropped the most in 18 months in London trading after reporting fourth-quarter profit that missed estimates on a surprise drop in revenue, which it warned could fall again this...

Net Interest income (US$ billion)

This is a video on the topic of the qualities of Bitcoin blockchain's censorship-proof attributes and how they apply in the world we live in today. It is imperative that you look at this as an dispassionate investor and steward of your assets, and not as a partisan or political supporter of XYZ.

 

ultracoin splash screenI will teach novices and experts alike how to fit Bitcoin into an investment portfolio safely and with the optimum risk-adjusted potential - along with step-by-step guides, instructions and tutorials.

This first part of the series starts with the basics, obtaining and managing your bitcoin.

Itlays IMF erroneous forecastsI've been warning about Italy's troubled banks since 2010, and last year I pushed two very detailed reports about what was essentially Italy's Bear Stearns and Lehman Brothers. Italy is a mess and the IMF and EC have been too optimistic regarding its prospects for 7 years (not just lately), see Lies, Damn Lies, and Sovereign Truths: Why the Euro is Destined to Collapse! Fast foward to today and Bloomberg reports: Italy Approves $21 Billion Fund to Shore Up Its Troubled Banks

Italy’s parliament approved a law to plow as much as 20 billion euros ($21 billion) into Banca Monte dei Paschi di Siena SpA and other troubled lenders as part of the nation’s efforts to revamp its banking industry.

 

T-Mobile reported their Q4 2016 results yesterday, and guess what?

Uber's CEO perceived association with Donald Trump (sitting on his tech advisory panel) has caused a viral #DelteUber campaign, resulting in over 200,000 Uber accounts deleted in 45 days. Videos of the deletion went viral through social media. This is what it cost Uber to have the CEO sit on Trump's panel...

Update: T-Mobile responds to Sprint & Verizon price cuts but adding additional features to its fixed rate plan. Competition continues to benefit the consumer, but net margins will be/are hovering close to or below zero for some carriers - T-Mobile responds to Verizon by improving its own unlimited data plan.

In "The Slow Death of the Deadbeat Carriers, pt 4" I reminded all about the price competition kicked off by the upstart T-Mobile that reconfigured the US wireless industry.

After my many, many warnings about Donald Trump and his administration (I'll list those a little later)... It's official, Fitch has actually warned that the Trump administration is detrimental to sovereign ratings around the world. Keep in mind that we are in this world.

Fitch says Trump bad credit risk

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