"Making global financial Armageddon fun again!"
As you all know there’s much discussion, hand-wringing and consternation surrounding of all the complex goings-on at Silicon Valley Bank, Credit Suisse, Signature, First Republic, et al, et al. Authors Note: Since I know my readers are busy folks and pressed for time, I understand that many of you might not want to struggle through this longwinded tome, so, as always, the particularly important concepts,…
…it’s about financial IED’s (Improvised Explosive Devices) with “Chinese Characteristics” embedded in America’s financial markets. As you know, the primary value proposition I try to bring to my readers is: I scour the planet for financial reports and government documents that nobody reads or cares about. I read them, interpret them and explain exactly how these documents and the underlying transactions/trends will eventually change your…
I’ve received much feedback on my last two posts, generally indicating that many of you, my dear readers, don’t fully “get t”….I apologize. Let me try to make it up to you. That said, I’ll try my best to condense these very complex topics and concepts, remove the noise and break it down to the simplest possible terms. Don’t feel frustrated if you don’t “get…
Many years ago, one of my sons, who is mildly autistic, always liked to quiz me about things he knew something about, hoping I knew very little or nothing about same. He was always trying to stump me. He would take great joy in finding out that I did not know the population of the Island Nation of Palau or couldn’t accurately describe the flag…
Today we’re going to take a look at the saga of GameStop, which is an amazing story about a struggling little business which, according to our financial media has/had become a darling of America’s “little guy” investor and a tool of the rebellion against the Wall Street Death Star. So far, the best, most entertaining description as to what happened appeared before my eyes, surprisingly…
As always, there’s a lot to digest….here are the links… Press Release https://www.alibabagroup.com/en/news/press_pdf/p210202.pdf Presentation https://www.alibabagroup.com/en/ir/presentations/pre210202.pdf Webcast https://edge.media-server.com/mmc/p/bfzgfjdh SEC 6K Filing https://www.sec.gov/Archives/edgar/data/1577552/000110465921011016/a21-1839_6ex99d1.htm Transcript https://news.alphastreet.com/alibaba-group-holding-limited-baba-q3-2021-earnings-call-transcript/ I’ll be brief and skip over the nonsensical, choreographed, irrelevant “if you were a tree…what kind of tree would you be?” vision of the world, analyst questions… and the even sillier management responses….and cut right to the chase. 1.) Net Income for…