Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<a href="https://www.smartkarma.com/entities/tesla-motors-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla Motors (TSLA US)</a> stock has clawed back from a multi-month decline to $689 per share. That's still down 23% from its peak in January but off now just over 2% for the year.Not so for Tesla’s controversial stake in embattled <a href="https://www.smartkarma.com/entities/bitcoin-usd" target="_blank" data-smartkarma-citation="entities:25895:1" rel="noopener">Bitcoin (XBTUSD CURNCY)</a> which remains some 44% below its April peak with trading dipping below where Tesla purchased during the first quarter (see <a href="https://www.smartkarma.com/insights/tesla-is-falling-and-it-can-t-get-up" target="_blank" data-smartkarma-citation="insights:48653" rel="noopener">Tesla Is Falling and It Can't Get Up</a> on 2/27/21 and <a href="https://www.smartkarma.com/insights/tesla-goes-to-record-extremes-to-create-q1-profits" target="_blank" data-smartkarma-citation="insights:50821" rel="noopener">Tesla Goes to Record Extremes To Create Q1 "Profits"</a> on 4/28/21).This is bad news for Tesla which certainly doesn’t need yet another gap in profitability to plug like further impairment charges owing to Bitcoin’s plunging value.Remember Tesla already has to make up for lost energy credit revenue which has offset its massive losses for years as well as create every “profit” the company has ever reported (see <a href="https://www.smartkarma.com/insights/tesla-so-long-free-money" target="_blank" data-smartkarma-citation="insights:51138" rel="noopener">Tesla: So Long, Free Money</a> on 5/5/21).This week the second quarter wraps up with expensive Model 3s sitting unsold on lots all over the US and Europe and an embarrassing recall of most every car Tesla has produced in China to fix a problem Tesla has consistently denied.Tesla should report second quarter deliveries by week-end.

Tesla Motors (TSLA US) stock has clawed back from a multi-month decline to $689 per share. That's still down 23% from its peak in January but off now just over 2% for the year.Not so for Tesla’s controversial stake in embattled Bitcoin (XBTUSD CURNCY) which remains some 44% below its April peak with trading dipping below where Tesla purchased during the first quarter (see Tesla Is Falling and It Can't Get Up on 2/27/21 and Tesla Goes to Record Extremes To Create Q1 "Profits" on 4/28/21).This is bad news for Tesla which certainly doesn’t need yet another gap in profitability to plug like further impairment charges owing to Bitcoin’s plunging value.Remember Tesla already has to make up for lost energy credit revenue which has offset its massive losses for years as well as create every “profit” the company has ever reported (see Tesla: So Long, Free Money on 5/5/21).This week the second quarter wraps up with expensive Model 3s sitting unsold on lots all over the US and Europe and an embarrassing recall of most every car Tesla has produced in China to fix a problem Tesla has consistently denied.Tesla should report second quarter deliveries by week-end.

Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Thematic (Sector/Industry)

• Related Party Risk: Related parties have incentives to push American Life and Security (ALS) way out on the credit risk curve to enhance investment yield;• Layering of Structured Products:Addition of structured products and other illiquid securities raise stress test concerns; and • Significant Risks:Numerous other investment risks suggest investment manager needs reining in, along with additional checks for related parties.

• Related Party Risk: Related parties have incentives to push American Life and Security (ALS) way out on the credit risk curve to enhance investment yield;• Layering of Structured Products:Addition of structured products and other illiquid securities raise stress test concerns; and • Significant Risks:Numerous other investment risks suggest investment manager needs reining in, along with additional checks for related parties. 

Founder, Shrimpy

Michael McCarty

Founder

Shrimpy

Shrimpy develops the most advanced APIs for crypto exchange management, trade execution, and real-time data collection.

Develops the Most Advanced APIs

Crypto

Welcome to the 17th edition of Shrimpy’s weekly newsletter, a place for staying up to date on the latest trends, news, and events in the cryptocurrency industry. Digital assets evolve and move faster compared to any other market. For those who do not have time to constantly scroll Crypto Twitter, we wrote a special weekly update covering everything major that happened this week.

Welcome to the 17th edition of Shrimpy’s weekly newsletter, a place for staying up to date on the latest trends, news, and events in the cryptocurrency industry. Digital assets evolve and move faster compared to any other market. For those who do not have time to constantly scroll Crypto Twitter, we wrote a special weekly update covering everything major that happened this week.

Amid a Sharp Fall the Crypto Sector Expands as Coinbase and Huobi Join New Markets

Latest News from the World’s Leading Innovators

Granite Bay Capital

An innovation focussed investment company

Granite Bay Capital is an innovation focussed investment company with a deep focus on the companies at the leading edge of innovation across major themes such as AI, ubiquitous computing, sustainability, automation and longevity.

Headline Developments Nassim Taleb, the celebrated Black Swan author and mathematician, has published a paper trashing bitcoin.  In the paper (excerpts below), Taleb claims the theoretical value of bitcoin is zero, saying it is not a currency, can be neither a short or long term store of value, cannot operate as a reliable inflation hedge and, “worst of all”, does not constitute “not even remotely” a tail protection vehicle for catastrophic episodes (i.

Headline Developments Nassim Taleb, the celebrated Black Swan author and mathematician, has published a paper trashing bitcoin.  In the paper (excerpts below), Taleb claims the theoretical value of bitcoin is zero, saying it is not a currency, can be neither a short or long term store of value, cannot operate as a reliable inflation hedge and, “worst of all”, does not constitute “not even remotely” a tail protection vehicle for catastrophic episodes (i.

*Mainland China Crackdown: Unsurprisingly, this past week mainland China has continued its steady official crackdown on cryptoccurency, reiterating its ban on providing cryptocurrency services, placing pressure on bitcoin miners, etc; and *Tether Flows: Given the mainland Chinese crackdown, it would appear that investors don't understand Tether’s systemic risks; and/or mainland Chinese-based investors are aggressively moving funds out of the country via this channel prior to it being shut down completely. If  authorities decide the shut the Tether channel over its use for moving large amounts of capital out of mainland China, cryptocurrency market liquidity would essentially dry up as Tether accounts for over 60% of global cryptocurrency daily trading volumes.

*Mainland China Crackdown: Unsurprisingly, this past week mainland China has continued its steady official crackdown on cryptoccurency, reiterating its ban on providing cryptocurrency services, placing pressure on bitcoin miners, etc; and *Tether Flows: Given the mainland Chinese crackdown, it would appear that investors don't understand Tether’s systemic risks; and/or mainland Chinese-based investors are aggressively moving funds out of the country via this channel prior to it being shut down completely. If  authorities decide the shut the Tether channel over its use for moving large amounts of capital out of mainland China, cryptocurrency market liquidity would essentially dry up as Tether accounts for over 60% of global cryptocurrency daily trading volumes. 

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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Bitcoin (XBTUSD CURNCY)

Tesla Q2 "Complications"

Major Recall in China to fix a problem Tesla has long denied; QE Inventory shuffles and rumors; Bitcoin still no "Store of Value"; Q2 Delivery...

Vicki Bryan

Midwest Holding - Johnny Hedge Fund

MIDWEST HOLDING: Related parties have pushed ALS out on the risk curve; structured products/illiquid securities raise stress test concerns; and ...

Thomas J. Monaco

Amid a Sharp Fall the Crypto Sector Expands as Coinbase and Huobi Join New Markets

Welcome to the 17th edition of Shrimpy’s weekly newsletter, a place for staying up to date on the latest trends, news, and events in the...

Michael McCarty

Weekly Innovation Review (WIRE) #37

Nassim Taleb, the celebrated Black Swan author and mathematician, has published a paper trashing bitcoin. In the paper, Taleb claims the...

Granite Bay Capital

Tether – Holding On By A String

TETHER: Mainland China is cracking down on crypto. If authorities decide to close Tether, the cryptocurrency market liquidity could essentially dry...

Thomas J. Monaco

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