Bill Cara

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jimg

From a person who was the top banking regulator for 4 years:

Yellen Says Fraud is Huge, Growing Problem in Banking System
https://archive.is/PkXXx#selection-1331.0-1331.60

Offense Group: financial offenses
Penalty Total since 2000$312,991,911,766
Number of Penalty Records11,378

https://violationtracker.goodjobsfirst.org/summary?offense_group_sum=financial%20offenses

Bill Cara

The use of variable income employment plans for individual bank representatives in many cases puts them into conflict of interest situations and incentivizes fraud.

Last edited 3 hours ago by Bill Cara
c2ski

Canada’s Small Business Nightmare: Trudeau’s Anti-Growth Agenda Chokes the Life Out of Local Economies

https://x.com/DanKnightMMA/status/1850892293710008746?t=e6iDuce1t4L1rZSjif7w5g&s=19

Bill Cara

The pharmacist, who now can write and fill prescriptions in the absence of a doctor’s prescription in Ontario, refused my request for Paxlovid as soon as she heard the word kidney. I now require the family doctor to review my medical records. The problem is my 2024 records alone could fill a book. I decided to pull the Paxlovid request and watch the F-1 race and Bills game on TV before returning to bed. I don’t want to make things worse than they are.

Bill Cara

The second time around with Covid-19 is not any easier.

jimg

Raytheon said “there was 700 components in the military industrial supply chain that they had no supplier other than China, so it’s like borrowing money from China to make stuff made in China that you need to protect yourself from China. It’s just not a good business plan.”

https://acquirersmultiple.com/2024/10/value-after-hours-s06-e38-aircraft-hangars-mineral-royalties-and-gold-with-investor-mike-meixler/

jimg

Doomberg: “understanding the complexities of the emerging multipolar world, the role of AI, and the geopolitical shifts in the global landscape”

https://podcasts.apple.com/us/podcast/doomberg-chips-china-power-plays-the-big-bets-on/id1463123745?i=1000674487130

https://www.youtube.com/watch?v=VTVTwBLsmw8&list=PLUyHcJv9WQ9Emw4YeKL-6E3gpamF-R1JO&index=1

c2ski

Regular contacts between world’s richest man and America’s chief antagonist raise security concerns; topics include geopolitics, business and personal matters
https://www.wsj.com/world/russia/musk-putin-secret-conversations-37e1c187?st=dEAYng&reflink=desktopwebshare_permalink

jimg

“Using the proper calculations, the market is pricing an 18bps rate movement (either direction) on the days immediately after the election. This is the largest Event Day I can recall over my career.”

https://www.convexitymaven.com/wp-content/uploads/2024/10/Convexity-Maven-2024-Election-Special.pdf

jimg

@dampedspring

“Markets have radically shifted this month. For that reason I am offering my thoughts, usually reserved for http://dampedspring.com clients, free here. It describes the fed dilemma and does a deep dive on valuations and breadth and potential for equity appreciation”

“Shifts in growth, inflation, risk premium and positioning all lead to opportunities in markets”

https://dampedspring.com/wp-content/uploads/2024/10/Rockytober.pdf

jimg

Interview of CEO of NVIDIA, Jensen Huang:

https://www.youtube.com/watch?v=bUrCR4jQQg8

Bill Cara

Terrific hockey game on Prime tonight.

Toronto at home to Tampa Bay.

Fast, skilled, and better commentary than the usual Canadian TV.

Thank you Amazon.

Bill Cara

5-1 Leafs after 2. Best for me is the intermission interview with Mats Sundin, who is my all-time favorite NHL player.

when Mats was in his second year in the league, he had been traded to Toronto. During a break for all-star week, Mats joined two other Leafs in a visit to the Bahamas. I was at the Zoo nightclub when I ran into one of the Leafs who invited me to their table for drinks. Mats was so well-spoken and humble. He looked 16 but was probably 20. It didn’t take long to see him become a super-star.

A few days later, same place, I ran into Tie Domi, who also played for the Leafs and a close friend of Sundin. He wanted the dirty on Mats to chirp him when they returned to the team.

Bill Cara

Elon Musk support for Trump is beyond bizarre.

I believe his giving away $1 million “prizes” constitutes election interference. While it may not be criminally illegal, I know it is sick. Moreover, for commercial media to give air-time to this stunt is another example of entertainment sells, great for advertising revenue, and to hell with professional journalism.

jimg

Michael Howell, founder & CEO of Crossborder Capital. “He sees good change the liquidity tide could start receding as debt refinancings suck capital from the system”

Debt refinancing ( starts at 12:15 min ) Amount of debt rolled over each year….Capex vs. debt roll was 1:1 in 1980….2:1 in 2000….moving to 4:1, meaning 4 out of 5 financial transactions will involve debt refinancing

https://www.youtube.com/watch?v=vJRM97Sf9G8

https://podcasts.apple.com/us/podcast/liquidity-drain-to-disrupt-markets-in-2025-michael-howell/id1715910847?i=1000673457140

Bill Cara

Insightful. Thanks.

jimg
Last edited 9 days ago by jimg
Bill Cara

To all traders, brokers, advisors, and account managers, that was a day we’ll never forget. We learned a new term: in extremis.

It can happen again.

jimg

Executive Summary: FONOPs fail, US carrier Eisenhower in danger, Houthis rule the Red Sea. Cheap drones and missiles have changed the nature of littoral combat.

Dr. Michael Knights is the Jill and Jay Bernstein Fellow with the Military and Security Program at The Washington Institute for Near East Policy

https://ctc.westpoint.edu/a-draw-is-a-win-the-houthis-after-one-year-of-war/

jimg

Shipping splits into ‘parallel universes’ as global trade continues to decoupleDisruptions from global conflicts collide with record-high global trade flows
That’s good news for rates for now…”

https://www.lloydslist.com/LL1151027/Shipping-splits-into-parallel-universes-as-global-trade-continues-to-decouple

jimg

Dell: Take a 30% base pay cut, 15.5% expected cut (if target hit), title demotion from Level 2 to Level 1, AND return to the office.

https://Twitter.com/GayBearRes/status/1846332221541454241

jimg

March 20, 2024:
The Department of Commerce announced that Intel Corporation will receive $8.5 billion in direct funding from the CHIPS and Science Act, in addition to $11 billion in loans.

October 16, 2024:

Intel Corporation will lay off 385 employees at its facility located at 5000 W. Chandler Blvd., Chandler, AZ. The layoffs will occur between December 15, 2024, and December 31, 2024, as indicated in a WARN.

Sitting on 30 billion in cash right now.

c2ski

Doomberg on geopolitics and energy.

https://youtu.be/TVg8Nc7sZ7E?si=xXUqDqgf3R-oTM70

jimg

Omnipotent Federal Reserve?

“Over the last few decades, the Fed has conditioned investors to believe they can take as much risk as they want, knowing that when the chips are down, they’ll step in and do whatever it takes to save the financial system and preserve asset markets and the status quo”

https://x.com/kofinas/status/1844736043129389496

jimg

David Rosenberg: “According to the Fed beige book, over half the United States is in recession” ( I call it depression )
Rosenberg is a bull on bonds.

https://www.youtube.com/watch?v=udag19IX77M