Tuesday, March 28, 2023

Did I Mention That The Auditor For Silicon Valley Bank Also Audits The Federal Reserve? (SIVB; SI; FED)

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Signature too. From the Board of Governors of the Federal Reserve System, March 24: Federal Reserve Board releases annual audited financial ...

"‘'The Billionaire Bailout': FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion"

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From Common Dreams, March 28: "The bailout really did protect billionaires from taking a modest haircut," one observer wrote in re...

Capital Markets: "Firmer Rates and Higher Bank Stocks Give the Greenback Little Help"

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 From Marc to Market: Overview:  Financial strains eased yesterday, and short-term yields jumped. The two-year US yield jumped 25 bp to pier...

"Bulgaria refuses to send weapons to Ukraine, joins Hungary and Austria’s neutrality stance"

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Bulgaria is an interesting case. Although not vehemently anti- or pro-Russia you get some hints that there is a lot going on in the Bulgar p...
Monday, March 27, 2023

"Chicago to Launch Its First Air Taxi Route In 2025"

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From ExtremeTech, March 27: The city will leverage eVTOL aircraft to turn a 30-60 minute trip into a 10-minute one.  If you’re heading to O’...

"Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured"

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I'm thinking he had it easy compared to the advisor who was kidnapped and tortured by a bunch of German retirees. Or the stockbroker who...

The Spirit Of Enron Lives On In The Hearts Of Electricity Traders Everywhere

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From Bloomberg, March 23: Some of the UK’s biggest energy companies have received £525 million from a practice that regulators say drives p...

Capital Markets: "Calmer Markets to Start the New Week"

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From Marc Chandler at Bannockburn Global Finance: Overview: There did not appear to be any negative surprises over the weekend, and this is...
Sunday, March 26, 2023

As Ford Asks To Be Considered A Start Up, Elon Musk Says Twitter Is An "Inverse Startup"

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From the New York Times, March 26, 2023, 1:33 p.m. ET : Elon Musk Values Twitter at $20 Billion The billionaire bought the social media com...

"Ford says EV unit losing billions, should be seen as startup" (F)

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Apparently it is not as easy as it looks. From the Associated Press, March Ford Motor Co.’s electric vehicle business has lost $3 billion b...

OnlyFans Economics

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Yes, I was looking at Twitter today. 2/ A ton of how I structure my Substack marketing is directly copied from what I see OnlyFans girls do...

Uh Oh: "Jim Cramer has just said that Deutsche Bank, $DB, is fine."

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And as was said regarding beer and the 2010 malting barley crisis: " Damit ist eine Katastrophe vorprogrammiert. ". (It's a r...

WARNING: Irony Ahead

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It is rather impressive. Biden’s 75 car motorcade in Canada to address global warming. #irony pic.twitter.com/M9WF4I0bwv — @amuse (@amuse...

Jim Rogers: «Commodities are the only attractively valued asset class»

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This is the piece at NZZ I was going for before getting sidetracked by the risk of the shadow banking system ending everything.  Two quick ...

"ECB warns that shadow banking could trigger next financial crisis"

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I've forgotten how big the shadow banking ecosystem is but it's very large. From the Ireland's Business Post, March 26: Irish do...

"Italy bans insect flour from its pasta despite the eco buzz"

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"Flour" is apparently the way in to the human diet for the bug pushers.  From The Times/Sunday Times, March 24: The growing use i...

Questions Americans Want Answered: "What is Secessio Plebis?"

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We've posted on the power of the General Strike and the risks it poses to finance and investing.* Here are the historical antecedents. ...
Saturday, March 25, 2023

"Kanye West Claims He “Likes Jewish People Again” Thanks To Jonah Hill and 21 Jump Street"

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Great. Just 'effin' great. Here I was, ready to give Adidas a lowball offer on their $500 mil. inventory of Yeezy shoes and this ha...

Does King Charles III Have Someone To Pamper The Royal Bottom?

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A twofer. First up, the New York Post, September 13, 2022 King Charles’ outrageous list of daily demands revealed From pampered prince to co...

"The Computer That Will Change Everything"

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Until the next computer that will change everything. That said, this is a major milestone. From Chicago Magazine, January 31: Eight years in...