Independent thinking for complex markets and current events
Burry’s “Repatriation Pending” Is A Warning Label Burry’s post is basically stitching together one idea..Japan is no longer the quiet, suppressed corner of global rates, and that matters because Japan has been one of the world’s biggest exporters of capital for decades. When your home yields are pinned near zero, you have to go abroad. …
OpenAI Races to Quell Concerns Over Its Finances. Sarah Friar, OpenAI’s chief financial officer, faced widespread online pushback after she raised the prospect of government aid for the company at a Wall Street Journal technology conference on Wednesday. OpenAI has embarked on a deal spree to build computing infrastructure to power A.I. development, and Ms. …
BofA HTM losses soar to $131.6 billion, up $26 billion in Q3 and the highest on record. pic.twitter.com/XiKXqjQW53 — zerohedge (@zerohedge) October 17, 2023 NEW: The significant decline in 🇺🇸 US bonds results in US banks facing an almost record-breaking unrealized loss of ~$600 billion 😮 pic.twitter.com/xjhkQdEU19 — Bitcoin News (@BitcoinNewsCom) September 30, 2023
From bloomberg: The first sign of deep trouble in US banking this year came from a sunbaked office complex in a San Diego suburb. There, a small firm called Silvergate Capital Corp. assured investors it was weathering a run on deposits. Its lifeline: about $4.3 billion from a Federal Home Loan Bank. Heads turned across …
Berkeley Law hires ousted left-wing prosecutor to run new legal clinic. Voters recalled Boudin from his position as San Fran district attorney The University of California Berkeley’s law school just announced that it hired Chesa Boudin, a former prosecutor who was booted from office, to run its new legal clinic. San Francisco voters booted Boudin from the district attorney job in a 2022 recall …