The day after I posted “As JP Morgan & Other Banks Legal Costs Spike, Many Should Ask If It Was Not Obvious Years Ago That This Industry May Become The “New” Tobacco Companies” wherein I made clear my opinion that the legal and litigation risks that the banking industry...
Posted August 23, 2010 | 16:34:40 (EST)
In early 2008, I warned my readers that several states and municipalities in this country are going to run into some very rough times, with the spectre of default definitely on the table for a few. See Municipal bond market and the securitization crisis – part I and...
Posted August 20, 2010 | 14:56:22 (EST)
A couple of weeks ago, I penned the piece “After Getting a Glimpse of the New Windows Phone 7 Functionality, RIMM is Looking More Like a Short Play“. As explained in that article, many are prematurely discounting the success of Microsoft in the mobile space. It wasn’t the...
Posted August 17, 2010 | 16:10:15 (EST)
Android's market share is growing by nearly 900%, causing competing OSs and associated hardware vendors to experience negative smart phone market share gains. Many believe that Apple is not included in this category. Here I present hard evidence that Android is eating Apples along with everything else.
Posted August 12, 2010 | 17:21:42 (EST)
The Apple Forensic Analysis and Valuation is nearly complete and will be available to subscribes in a few days. In the meantime I will discuss a few salient points and logic that went into the design of the model. As I have said several time in the recent past, Apple...
Posted August 10, 2010 | 13:21:25 (EST)
Posted August 6, 2010 | 16:05:23 (EST)
A few days ago I warned my subscribers that the lodging industry, and the economy as a whole, were not truly recovering to any material extent (see The Most Recent Lodging Co. Forensic Analysis is Available and We Think Management Have Been a Little Optimistic). Y-o-Y comparisons made...
Posted August 4, 2010 | 11:25:13 (EST)
Last week I stated “After Getting a Glimpse of the New Windows Phone 7 Functionality, RIMM is Looking More Like a Short Play“. I meant it,...
Posted August 3, 2010 | 15:59:45 (EST)
It appears to be official. Apple’s iPhone is no longer the fastest growing smart phone in the world’s largest and most important smart phone market – the US! This is a very critical time for Apple and its investors, for Apple has executed wonderfully in the smart phone space and...
Posted July 28, 2010 | 17:45:28 (EST)
Last week, I made clear to my readers and subscribers that the bank malaise is not over, despite what may appear to be encouraging moves by the executive staff. Housing prices are still on their way down, save temporary blips from government bubble blowing and the outright concealment of non-performing...
Posted April 21, 2010 | 13:56:10 (EST)

A very interesting article was published in Crain's New York this morning, both in print and online, titled Prophet of doom. The article was about blogs, and the potential for them to raise capital and compete with the mainstream media. There's...
Posted April 3, 2010 | 13:14:37 (EST)
Implied volatility for the big banks is down across the board, just about where it was before the system went into convulsions. This implies the coast is clear, as do the share prices of many banks.
Hardcore forensic and fundamental analysis implies otherwise. So does the Fed's...
Posted March 24, 2010 | 16:20:00 (EST)
If this article goes viral around the web, I wouldn't be surprised if the euro tanks and several European sovereign states' spreads blow out. I have busted several of them in another of a long series of "creative" economic forecasting schemes to fudge the appearance of "austerity."
Well, its official...
Posted March 19, 2010 | 13:51:32 (EST)
From the UK Telegraph: Latvia government collapses amid economic crisis.
The People's Party, the largest group in a five-party coalition, walked out amid disputes over how to cope with the country's severe problems.Unemployment has now hit 20 per cent and the economy contracted by 18...
Posted March 12, 2010 | 07:13:26 (EST)
Let's get something straight right off the bat. We all know there is a certain level of fraud sleight of hand in the financial industry. I have called many banks insolvent in the past. Some have pooh-poohed these proclamations, while others have looked in wonder, saying "How the hell...
Posted March 12, 2010 | 05:39:23 (EST)
The year 2009 was the year of reflation theories and bubble blowing. Theses of "Green Shoots", catching the bottom, and QE reigning supreme were the order of the day. Sure enough, asset prices (nearly all of them) went one direction, straight up. We all saw it coming, but guys...
Posted March 12, 2010 | 04:22:50 (EST)
This is the 2nd to last installment in my Pan-European Sovereign Debt Crisis series. After covering western and southern Europe, we are moving eastward. Before we go any further, be sure you have caught up on the previous portions:
Posted March 12, 2010 | 04:11:03 (EST)
There are broad indications hinting that Italy and Greece are not the only countries that have used SWAP agreements to manipulate its budget and deficit figures. France and Portugal may be two other European economies which have resorted to similar manipulations in the past in order to qualify as part...
Posted March 12, 2010 | 03:35:27 (EST)
Last week I posted a Bloomberg news article supporting my suspicions that investors are putting bad loans back to the banks at an increasing rate. I used JP Morgan as a specific example -Banks Swallow Another $30 billion or So in More Losses as Their Share...
Posted March 11, 2010 | 17:40:10 (EST)
This post originally appeared on the Financial Times' website, thebanker.com
A bank employee recently asked me: "As a trader, my bonus is derived directly from my profit and loss, which is accrued over the quarter and kept in a separate account. It does not go into...

Posted January 11, 2011 | 04:07:26 (EST)