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Why Pick on Greece... and Sell Side Research Analysts As Sales Support Staff
I discuss how Greece became over indebted through banks imprudently making bad loans, and more importantly why practically no one in all of Wall Street warned of the sovereign debt crisis besides BoomBustBlog. This is hard hitting opinion that is too controversial to publish anywhere else.
How did I see this "Eurocalypse" coming while Wall Street remained aloof? Well the same question can be asked as to how I saw the Housing market crash, the fall of Lennar, Voodoo Accounting & the homebuilders, the breaking of the Bear Stearns, wondering whether Lehman really was a lemming in disguise or the fall of commercial real estate, among a plethora of other controversial, contrarian, and direct contravention to the Sell Side calls that I have made.
As explained in the second half of the video above, many still fail to understand the typical Wall Street bank business model, and more importantly fail actually audit the performance of said banks advice, recommendation and trading. I have laid it bare in BoomBustBlog many a time, which is probably the reason why my blog is banned from more than half of the big bank intranets!!! If you need an explicit example of what I a talking about, simply reference "Wall Street Real Estate Funds Lose Between 61% to 98% for Their Investors as They Rake in Fees!"
For those who have not heard....
We believe Reggie Middleton and his team at the BoomBust bests ALL of Wall Street's sell side research: Did Reggie Middleton, a Blogger at BoomBustBlog, Best Wall Streets Best of the Best?
In the video above, the audience's interesting question as to why I clamored on about the Pan-European Sovereign Debt Crisis, warning since January 2010 while the sell side of Wall Street kept selling PIIGS debt to clients was quite telling, indeed. Well... The proof is in the pudding. Click here for the first year of warnings and admonitions, or click here for the latest scoop!
Anecdotal picks from the BoomBustBlog archives nearly two years ago...
- The Coming Pan-European Sovereign Debt Crisis – introduces the crisis and identified it as a pan-European problem, not a localized one.
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What Country is Next in the Coming Pan-European Sovereign Debt Crisis? – illustrates the potential for the domino effect
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The Pan-European Sovereign Debt Crisis: If I Were to Short Any Country, What Country Would That Be.. – attempts to illustrate the highly interdependent weaknesses in Europe’s sovereign nations can effect even the perceived “stronger” nations.
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The Coming Pan-European Sovereign Debt Crisis, Pt 4: The Spread to Western European Countries
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The Depression is Already Here for Some Members of Europe, and It Just Might Be Contagious!
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I Think It’s Confirmed, Greece Will Be the First Domino to Fall
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2011 Year Ending
Google Up 8%.... Apple Up 24%
Cool pedigree flogs another breathless lumbering diseased donkey with consummate ease (despite Reggies shrill guff saying it ain't so, this time it'll be different!)
Anyway Very Happy New Year Reg
Stick to the financials in 2012 and you may have a perfect year calling the shots (being run ragged flogging a dead horse doesn't become you Bro.... not cool)
He just stroked himself all over me. Ewwwwwwww. I'm sure there is a way he could have been more of an egoist, arrogant, self-worshiping, but at this moment don't know how.
I don't think Reggie's bragging bothers women as much as it seems to bother some guys. To me, it's kind of sweet like when a little kid does it.
But you know what they say: "you hate in others what you hate in yourself", and since ALL men have huge, fragile egos that manifest themselves in different ways, this is probably why.
Reggie has little ego. You guys confuse EGO with GUTS. He's got guts to tell it as it is.
What about chutzpah?
Tripple chutzpah I think. He enjoys pissing people off, just like me. That's why I can relate to him.
I would have accepted double...but TRIPLE? That's some serious chutzpah!
What do you think his shrine to himself looks like? Probably right in the foyer...good conversation piece for those that don't want to hear about it but have to walk by it. It's a good 'trap point'.
Your see, I'm from the Mediterranean. Men most of the time speak in the same way as Reggie when they have any clue or not what the topic is about. In North America, people are too polite, particularly here in Ontario, Canada. The think with Reggie is that he know the industry inside out and has an fervent desire to piss people off. He's got no problem having shit throwing all over him. Politeness is no factor for him, that's why he stands out as an egoist. Just remove the "politeness" factor (tough for a north american), then it all seems different.
On a side note: 1) Nice icon you have 2) I had to look up "chutzpah".
I'll be you're a fantastic ball room dancer and write world-class poetry also.
My god...I admire you. Not as much as you admire yourself...but, still...
This guy's ego actually fits on my screen? Get the hook.
You have the 24" monitor also?