Credit Suisse to have significant loss from hedge fund default

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https://www.bloomberg.com/news/articles/2021-03-29/credit-suisse-flags-potential-significant-loss-from-hedge-fund ​ The article is linked above, we should dig more into this as news comes out and find out the exact causes. Apparently 20B in shares had to be sold, that just doesn’t happen left and right. This is a rather rare occurrence in my opinion. ​ Remember before the financial crisis there were … Read more

ARK is amending prospectus language for its ETFs

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by ShaidarHaran2 https://www.sec.gov/ix?doc=/Archives/edgar/data/1579982/000110465921042507/tm2110363-5_497.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/1579982/000110465920129560/tm2031206-1_485bpos.htm#a_additionalrisk Specify risks of investing in SPACs Remove limit on ADRs, warrants, preferreds, etc Remove 10% limit on investing of assets in single firm, up to 30% now Remove limit on investing in 20+% of a single firm’s shares Seems to allow them to make even bigger bets on specific plays, i.e … Read more

Bill Hwang’s firm just went bust, prime brokers like Goldman Sachs, Morgan Stanley, Credit Suisse, and Nomura still have $22-30 Billion of his books to liquidate

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by lolfunctionspace Capital requirements were 12-20%, call it 15% on average so could have been 5-6x leveraged with a small cushion. Something like 20b in capital – 80b longs and 40b shorts. Tech / growth tech vs a lot of s&p on short side. 2/ — Jeff Davies, the Energy OG (@EnergyCredit1) March 28, 2021 … Read more

Tech, Housing, Stock, Bitcoin Bubble Is Going To Burst

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#recession … #Tech #Bubble 2.0 edition#ARK #ARKinvest $ARKK 📉 https://t.co/fAsGbR80cL — Invariant Perspective (@InvariantPersp1) March 26, 2021 #recession … #Fed Pushing on a String edition https://t.co/AEbTgSzyGi — Invariant Perspective (@InvariantPersp1) March 26, 2021 #recession … #GFC2 US #Housing #Bubble 2.0 edition#RealEstate 📉 https://t.co/3syICJca3X — Invariant Perspective (@InvariantPersp1) March 26, 2021 #recession … #StockMarket #Bubble edition … Read more

If Social Security Were Really a Trust Fund “There Would Be Lawsuits Everywhere”

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Via Birch Gold If Social Security were one of your private investments, instead of an entitlement, you might actually look for other options. Here’s why. Nominal Interest Rates On Special Issues in APY. From the Office of the Chief Actuary, Social Security Administration. Since 2000, the Social Security Trust Fund has consistently been earning a lower … Read more

Ted Cruz video of kids in cages

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How far is Joe Biden going to stop the American people from seeing inside the Donna CBP facility? Biden sent a political operative from DC to block our cameras and even threatened another senator to obstruct legitimate congressional oversight. pic.twitter.com/vHT2U7Nh1z — Ted Cruz (@tedcruz) March 28, 2021   h/t javierruizleon

If you want to live a longer, healthier life, never go to sleep on an argument

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Author: ‘Daily stressors — specifically the minor, small inconveniences that we have throughout the day — even those have lasting impacts on mortality.’ CORVALLIS, Ore. — Does an argument at the office on Monday still gnaw at you on Friday? Daily stressors come at people from all directions and some negative situations are simply unavoidable. However, … Read more

93% of People Who Negotiate Medical Bills See It Reduced or Dropped Entirely

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Many Americans who have had medical debt have attempted to negotiate their medical bills — and a majority have experienced positive results, according to a new survey. About 93% of people who negotiate a medical bill have seen it reduce or drop entirely, according to a new survey by LendingTree, which highlighted the impact of medical debt on Americans. The online loan marketplace discovered … Read more

Suez Canal Trafic Report

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The former traffic reporter in me couldn’t resist giving you a Suez Canal traffic update… pic.twitter.com/1CssLkQDty — Jon Hansen (@JonHansenTalks) March 26, 2021 And Ethiopia doesn’t have a coast. I am learning a lot about African geography today that I absolutely should have known already. Bonus! — Jon Hansen (@JonHansenTalks) March 26, 2021 h/t Hall of … Read more

AUD $1,000 a day – that is how much Sydney house prices are rising. Experts say cheap loans and a lack of available stock will drive that figure

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$1,000 a day – that is how much Sydney house prices are rising. Experts say cheap loans and a lack of available stock will drive that figure even higher, and that could have an impact on home loans. 7NEWS at 6pm. https://t.co/h2ZAMYif8E #7NEWS pic.twitter.com/bb2gB4Q4MY — 7NEWS Sydney (@7NewsSydney) March 25, 2021 https://www.youtube.com/watch?v=znd2Bl06DkU

Wall Street banks ditch $19 billion of stocks in ‘unprecedented’ block trade selloff – media

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Goldman Sachs and Morgan Stanley have reportedly sold $19 billion worth of shares in Chinese tech and US media companies. Traders are now wondering what caused the unusually massive move and whether it will continue next week. Goldman Sachs alone liquidated $10.5 billion worth of stocks in block trades on Friday, Bloomberg reported citing the … Read more

The Scream! Buffett Indicator Sky High Along With Home Prices As Money Printing Has Goes Wild!!

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by confoundedinterest17 The Scream! Out-of-control money printing, dead money velocity and collapsing purchasing power of the dollar. (Bloomberg) — With U.S. equity indexes rising to fresh records again this week, one of Warren Buffett’s most-famous catchphrases comes to mind: Investors should “be fearful when others are greedy.” Any Buffett disciple who checks in on the billionaire investor’s favorite market … Read more

Wow that is a lot of ships waiting to get through the Suez Canal

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Wow that is a lot of ships waiting to get through the Suez Canal 😯 https://t.co/8PQy4COkPU — Tarric Brooker aka Avid Commentator 🇦🇺 (@AvidCommentator) March 28, 2021 The quintessential story of the 21st century is “this catastrophe that no one could possibly have anticipated was actually anticipated by people who were ignored” https://t.co/P7miIFG6MH — Julia … Read more

Bill Hwang, who ran the fund that below up on Friday, also co-founded the Grace and Mercy Foundation. His charity *purchased* swap losses and offshore trusts from his fund.

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The Grace and Mercy Foundation isn't as active on the philanthropic front. Direct charitable activities? Not applicable. Program-related investments? Not applicable. pic.twitter.com/EjhaAF4CeZ — Edwin Dorsey (@StockJabber) March 28, 2021 Hwang is also a major contributor to "Focus on the Family." The non-profit is focused on combatting “8 lies about abortion," anti-gay policies, and creationism.https://t.co/memTmnCdw1 — … Read more

Impact Of Tax Hikes On Stock Market

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by UPFINA The economic data from March and April is going to be very good. One preview of this was Redbook same store sales growth in the week of March 20th. Growth rose from 8.5% to 9.4% due to the stimulus spending. The chart below shows the Evercore ISI company surveys index. It uses inputs from … Read more

Mike Maloney: Inflation is now inevitable … Peter Grandich: Gold will be the ‘best bull market I’ve experienced in 37 years’ …

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BY JOHN RUBINO  Willem Middelkoop: The IMF has begun ‘indirect currency debasement’ … Mike Maloney: Inflation is now inevitable … Peter Grandich: Gold will be the ‘best bull market I’ve experienced in 37 years’ … Killer Mike torches ‘evil’ Jeff Bezos for using slave labor at Amazon … WallStreetSilver founder: ‘We’re waking up billions of people … Read more