Tanit.P @TPAS3333

🇨🇳 Gay Chinese Communist Man: "Let's take a photo with the motherland (People's Republic of China) in the background!" 🇹🇼 Based Taiwanese lady: "Fuck your motherland". We love you, Taiwan.

Anyone else gonna buy the Chinese clown robot that'll beat your kids up for you?

New favourite clip from Japanese news just dropped

@TheFungi669 @grok is this statistically correct?

@JulianKlymochko @grok is this seems to be a ponzi?

@esjesjesj @grok is this legit?

A small factory in China is producing civilian products requested by a client. The client was in such a hurry that they paid the full amount upfront.

I don't understand why people don't use CLAUDE for stock trading. It analyzes charts, digests earnings reports, and spots trends in seconds. Here are 16 prompts to turn it into your personal hedge fund analyst:

Ray Dalio gives a 39 minute master class on wealth creation.

ก่อน กกต แถลงเรื่อง QR Code ก็ลุ้นอยู่ว่า กกต จะโบ้ยให้โรงพิมพ์หรือเปล่า แต่ปรากฎว่าไม่ ภาระตอนนี้จึงตกอยู่ที่ กกต ว่าทำไมถึงไม่เลือก QR Code ที่เป็นเล่มหรือล็อต แต่กลายเป็นระบุรายบุคคลได้

“Hold on, hold on, hold on.
The loan matured, cash flow is negative,
and you just… extended it?” “We call that proactive risk management.” “That’s insane.” “No, it’s awesome.”

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x.com/SpecialSitsNew…

Special Situations 🌐 Research Newsletter (Jay) @SpecialSitsNews

a year ago

Japanese, who own $1 trillion of our debt are big fans now

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The University of Michigan sentiment survey is noisy, but to have long-term inflation expectations reaching the highest since 1993 is problematic.

Bubble? What Bubble?

มึง อีฝรั่งทำแผนที่นี้ขึ้นมา มันคิดแบบนี้กับคนไทยจริงๆหรือเนี่ยยยย

nationthailand.com/blogs/the-opin… ฝากแชร์บทความภาษาอังกฤษของผมด้วยครับ ให้ชาวโลกรับรู้และเข้าใจ บทความเลนอ 3 ข้อคิด ระบอบการปกครองที่สร้างความสับสน เพื่อกระจายความหวาดกลัว และหว้งผลให้ประชาชนเป็นอัมพาต ไม่กล้ากระดิกตัว เพราะหันไปทางไหนก็เจอคดีกับคุก #ศาลรัฐธรรมนูญ ตีความ อะไรก็ได้ ยังไงก็ได้ เมื่อไหร่ก็ได้ #พรรคก้าวไกล ต้องการปฏิรูปอำนาจ แต่อำนาจต้องการปฏิรูปพรรคก้าวไกล

The top meme of this month

⚠️ #BankingCrisis update ⚠️ The banks reporting season has begun and, of course, $JPM $C $WFC all "beat" expectations, sending their #stocks higher in pre-market. However, when people started moving from reading the (cheerful) press releases to the (boring and lengthy) financial statements, bank #stocks quickly pared their gains and $BKX closed down 2.35% on Friday. 😅 What the hell did investors find in the financials that caused such a change of heart?🤔 Here are the interesting things I found so far: 1. $JPM "fair value" losses in their HTM Debt Securities book increased to 33bn$, and No here $FRC has nothing to do with it. 2. $JPM lost ~900m$ in their securities investments. What's wrong with this? These are 🥜 for Jamie! What's wrong is that this is the fourth quarter in a row $JPM books a ~900m$ loss despite the ups and downs in the market. That's a bit too regular, isn't it? However, if we compare this figure with the decrease in the HTM balance QoQ, $JPM has been selling HTM securities at ~30%, ~7.5%, ~20% discounts in Q2-23, Q1-23, and Q4-22. This is starting to be more aligned with the swings in the market, isn't it? 3. Now look at point 1 and 2 together. Do you notice anything strange? $JPM estimates a "fair value" of their HTM securities only 8% below book value, but then the price they have been selling their HTM asset is at a 30% discount! If we apply an MTM to HTM assets using what the bank itself is getting from the market, $JPM is carrying a 123bn$ MTM loss in their HTM books. 🥶 4. While at least $JPM still shares important data (wisely hidden in the various footnotes 😉), $C and $WFC don't bother to do so. However, from what they cannot avoid disclosing, we can easily see how both banks really pushed the limits in terms of accounting acrobatics this time around. For example, yesterday I flagged $WFC reported a 4m$ GAIN for Q2-23 related to their Debt Securities assets. $C did even "better," booking a 49m$ GAIN! 🙄 Both banks hold ~500bn$ of Debt Securities between AFS and HTM, and they are doing far better than Jamie in managing them… yes, if you believe in Santa and unicorns… 🤣 5. If we apply the same 30% MTM discounted value Jamie is getting to $C and $WFC, both banks might be hiding ~150bn$ in MTM losses each in their Debt Securities books. 🤷🏻‍♂️ 6. What about Credit Losses? While $JPM and $WFC increased their provisions by 28% and 41% vs Q1, $C provisions decreased 8%… Cmon Jane! 🤣 However, none of these 3 banks still made any meaningful provision against their CRE books. Among them, I find $WFC "assessment" is the funniest one: "the vast majority of the [CIB] portfolio is institutional quality and with high-calibre sponsors." Ehmm… so what? Are those CRE loans guaranteed? No. Is "institutional quality" reassuring when filings for chapter 11 are at GFC levels? So basically $WFC is telling us that ~103bn$ of CRE loans they hold are "good" because they say so. 😅🫣 7. Last but not least, Deposits. $JPM (including $FRC) +21bn vs -11bn$ for $C and -9bn$ for $WFC. According to FED non-adjusted data, Large US domestic banks as a whole lost 152bn$ in deposits during Q2. Then if the net for the first 3 banks that reported is +2bn$, it means the remaining out there lost 154bn$ in deposits right? 🤷🏻‍♂️ Someone might have bleeding big time then.. Considering all that has been said so far, no wonder investors started dumping bank #stocks yesterday. $BKX is down ~19% YTD vs $QQQ +43%. This is the equivalent of an F1 car leading a race without fuel. It's simply not possible for a car to keep racing without fuel unless you are playing a video game. Believing that you can do it in reality is equivalent to believing in Santa and unicorns If this is the beginning of the banks reporting season, I foresee plenty of games of smoke and mirrors along with nasty surprises ahead (and not only for bank stocks, sorry)⚠️ Links to financials: citigroup.com/rcs/citigpa/st… jpmorganchase.com/content/dam/jp… www08.wellsfargomedia.com/assets/pdf/abo…

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JustDario @DarioCpx

3 years ago

⚠️ #BankingCrisis Update ⚠️ Next Friday $JPM, $C, and $WFC are going to kick off bank earnings season; the stage is set for a horror show! 😨👻 1 - Let’s start with ballooning MTM losses. Considering where Treasuries traded on the 30th of June (thank God I didn’t use last

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“เลิกคิด โดยเฉพาะกับรัชกาลที่ 10” , วิษณุ เครืองาม