Reggie Middleton's blog
Risk goes up, yeilds go down... What's that look for? Don't you know how bond pricing works in the new millenium?
Power? Power! You can't handle POWER!!! Most people are still busy counting coin prices....
JP Morgan & Morgan Stanley Have Their CEOs on the Board of the NY Fed: Regulatory Capture & How to Neutralize ItSubmitted by Reggie Middleton on 11/03/2015 08:38 -0500
Is having the CEOs of two of the largest, most powerful banks sit on the board of their own regulator literally worse than putting a fox in charge of the hen house? Here's why the name "Morgan" get's you a regulator board seat and what regular people can do about it.
How many banks (and other companies) are doing the Enron thing? Many more than you would be led to believe, for now it's legal. Simple proof that this will end even prettier than Enron.
ECB's Own Data Shows QE Program As Utter Failure, Largest Banks Dwindle, Depositor's Capital Eyed for Bail-InsSubmitted by Reggie Middleton on 10/31/2015 05:10 -0500
Hundreds of billions of EUR of useless QE, dwindling mega banks, and cross continental legislation authorizing the confiscation of Depositor's Capital... Yeah, all is well in Euroland!
In this symposium I literally challenge the audience (of mostly bankers) to tell me what use would the world have for banks in a Blockchain connected world. The response?...............
The not so popular "Truth" being preached at the Blockchain conference in NYC last week, in front of bankers, of course...
I break down the definition of money at the Blockchain New York conference alongside the founder of Credits, executives from Ethereum and Consenys, Judd Bagley from Overstock.com's digital securities project.
Every SINGLE Big Wall Street Bank Got Stocks AND Rates Horribly Wrong, Except for... Here's Why It Will Always Happen!Submitted by Reggie Middleton on 09/30/2015 09:44 -0500
This is a damn shame. You can't be upset if your banker calls you a muppet if you hand him the marrionette strings... The tools to cut the strings are just around the corner. Let's see if regulators do the right thing, or if will they stilfe innovation to protect status quo.
I'm guaranteed to hear, "But... Who could've seen this coming?" Or "We knew prices were frothy, but no on could've foreseen the effect it had on XYZ asset classes". Yeah, right! This should mark my 3rd accurate bubble pop call in 8 years.
After forensically analyzing Morgan Stanley's balance sheet (which is very much like the rest of Wall Street's balance sheet) I can draw direct parallels to that of Lehman and Bear Stearns in 2007. It's a party!
Flawed Fundamentals, Nasty Macro, Structural Industry Change: For Wall Street Banks It Really Is Different This TimeSubmitted by Reggie Middleton on 08/26/2015 08:39 -0500
This time, it really is different. It's "Structural", not "Cyclical". It's actually a very big difference, and banking will never be the same.
Not only is the equity market going to crash (after a dead cat bounce) the property market is about to pass out pain like you won't believe.
As Foretold In 2010, Greece Was GUARANTEED to Default Regardless Of Any Aid It Received and These Countries Have Similar IssuesSubmitted by Reggie Middleton on 06/29/2015 11:57 -0500
Regardless of what package the Troika (or China or Russia) would have ever given Greece, the endgame would have always been full tilt default. This can be mathematically proven. There are also about 14 other countries with similar characteristics - all easily seen with just a modicum of insight and research. Just as easy is the ability to avoid the inevitable capital controls and bank bail-ins that the Greeks are subject to now.
Those Who Heeded My Advice on Setting Up A Veritaseum "Bail-In" Contingency Plan Look Very Smart Right NowSubmitted by Reggie Middleton on 06/28/2015 10:04 -0500
Probably the most prescient call of the year, made with two months lead time. Those EU area residents, particualrly the Greeks, who heeded the warning have now gained the freedom to sail past capital controls and bank holidays. What may have been overlooked is that I also prepared a list of what countries (and bank domiciles) may be next.