Paul Singer sent 115 analysts to figure out Bank of America's balance sheet - they found $75 trillion in derivatives on $150 billion of equity: "I challenge anybody in the room, outside of the room,come tell me what that looks like"
this is him explaining why no one - not regulators, not investors, not even the banks themselves - knows the real financial condition of any major bank, and why the next crisis will be worse than 2008
"$150 billion of equity, $2 trillion of assets on the balance sheet. but here's the problem - $75 trillion, that's with a T, of derivatives. that makes the financial condition of Bank of America completely and utterly opaque"
"I challenge anybody in the room, outside the room - come tell me what that looks like. what we found in '08 is the insiders didn't understand what was on their own balance sheets. Stan O'Neal, Dick Fuld, Chuck Prince - billions of fake AAA garbage"
bookmark & watch the full conversation ↓
Very few traders have the ability to go deeper or vacuum information find out old post and dig deep.
This is not at all easy game and those who are just looking for ready information seldom make it in my experience. This is what @Qullamaggie did once he became aware of EP
He also went though every post on Stockbee site once he joined.
Lot of people want to make money like him but just don’t have the work ethics to put in effort or just use simple google search.
Been seeing a theme. A lot of the most profitable traders are taking 1-2 trades in a single session. Decent size with a small number of trades.
Been seeing this in my own trade calendar too. Averaging 1 -2 trades a day, and I am having my biggest month ever.
Trading is the only industry where you can work less and make more money.
I do not see today’s Fed meeting as hawkish.
A few things stood out from the Fed meeting, despite the hawkish dot plot.
Warsh was selected to try to cut rates and be dovish. Given where yields are, starting out fully dovish and potentially exacerbating inflation prints through a de-anchoring of expectations would not have been the best course of action.
The Fed still has a mandate to keep inflation near 2%, but it will be 'revisiting how inflation is assessed'.
-> Truflation has inflation at ~1.57% YoY.
-The Fed does not compute CPI, that is the BLS, and Warsh explicitly walled off the 2% target from review: "I see no reason... to revisit that... outside the scope." He repeatedly called official inflation "an echo of history."
Furthermore, official headline CPI was 4.2% in May, the highest since 2023, but energy accounted for over 60% of the monthly gain, with gasoline up 40.5% on the Iran shock. Core ran at 2.9%. Strip out the oil shock Warsh just told you he will look through, and you are at ~1.6–2.9%.
-The composition of the dot plot was not fully hawkish. Of the 18 who submitted, ~9 saw rates higher and ~9 saw them at this level or lower. Warsh was the abstaining 19th.
-> Even the median path is roughly one hike, then easing: 3.8% YE26 → 3.6% YE27.
-Only one proposal was on the table: hold. A hike was never seriously discussed, with "no discussion of any other proposals." He dodged every "why didn't you tighten" question from the WSJ, FT, and Fox with curt non-answers.
-"I don't believe we have a cruel choice." He explicitly rejects the inflation-vs-jobs tradeoff and believes he can get to 2% without breaking the labor market. That is a chair who is not hunting for a reason to over-tighten.
-"strong productivity-led growth is not something we fear, but something we embrace," and he reaffirmed to CNBC that productivity is a reason rates can come down. AI as a positive supply shock = structurally disinflationary = room to cut even with an ugly headline.
-He also pre-framed the current print as a supply shock he will not react to: oil "does not have first-order consequences," and the Fed only cares about second-round effects.
The only real hawkish substance was the relentless "inflation is a choice / we will deliver price stability" language, plus his claim that policy is not very restrictive outside housing. That does imply room to hold tight, or even hike.
But he refused every chance to convert that into an actual signal. So I read it as credibility-positioning, not a tightening bias.
The comment around the 2y yield and not caring about todays or even a few days of adverse reaction was what triggered the selloff post ramp. Powell would have tried and calmed markets but the change in tone and approach to try and be hands off threw the market in a tantrum for what I otherwise see as a great approach and first meeting.
Open to feeback.
Goood Morning from Baja! I truly hope everyone reading this gets to LIVE the life they always dreamed of because it’s the only thing that matters when you’re old and laying on your death bed.
You never know when it’s your time so make everyday a fucking holiday!
Don't think people understand how much money is going to be made in the next few months
many think some of these moves are over but a lot of these are just getting started...
there will be new leaders, new themes, new opportunities
BUT
you have to be patient. and be prepared to take advantage.
“The market is so cheap, multiples are way lower than 2000”…
Only works if earnings are sustained. If model usage shifts to open source and in house, even out of privacy concerns, we might have a wide gap in value that materializes.
Why pay 30x for 5-10% more performance when you end up losing additional privacy and control.
🚨 BOOM! JOE ROGAN GOES NUCLEAR ON THE DEADLY COVID JAB HOLOCAUST — SHOCKING NEW STUDY EXPOSES UP TO 600,000 AMERICANS SLAUGHTERED BY THE SHOTS IN THE US ALONE!
“That’s a lot of people, man. More than World War I, World War II, and Vietnam COMBINED!”
The Deep State Pharma cabal’s experimental depopulation weapon just got caught red-handed — and they still want you lining up for more boosters! Patriots knew this was coming all along… the walls are closing in FAST on these treasonous clowns!
Follow @17QStorm for more intel drops.
🚨 THE CANCER PROTOCOL WHICH EVERYONE IS SHARING IN PRIVATE
This is an integrative cancer protocol which is driving massive attention right now. It blends repurposed medications, targeted nutrients, and metabolic support into one multi-angle approach.
Why it's getting attention:
· Repurposed agents aimed at cancer metabolism and signaling.
· Immune and liver support layered in from day one.
· Anti-inflammatory and anti-melastatic compounds work together.
· Nutrition and fasting are used as chemosenitizers.
This is not guesswork; this is pure science, and we share this information regularly.
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FOLLOW ME, THE NEXT DROP WILL BE SHOCKING
We found 84% of cancer patients taking ivermectin and mebendazole declared their cancer was either COMPLETELY GONE, SHRUNK, or STOPPED SPREADING after 6 months.
This explains why the CIA CLASSIFIED a 1950s study for over HALF A CENTURY showing anti-parasitics disrupt cancer.
A radiologist: If I have cancer, I won’t go to the hospital. I’ve seen too many people die from chemo, not from cancer. I’ll fast for 30 days and I’ll stop working.
You need to be having more sex. This is medical advice.
Having sex less than once a month increases your risk of death by 2.3 TIMES.
The sweet spot in the study was 2 to 3 times a week.
Daily sex also was associated with a 3 times increase in all cause mortality.
‼️ THEY HAVE BEEN LYING TO YOU ABOUT OIL FOR 150 YEARS. 🛢️
Oil is not rare. It is not made from dead dinosaurs. It is the second most common liquid on Earth after water and it is literally the planet’s lifeblood.
The entire “fossil fuel” scam was invented by the Rockefellers and the Smithsonian in the late 1800s to create artificial scarcity and jack up prices to insane levels. They fed you the biotic lie so you would believe oil is some finite dinosaur soup that is about to run dry. Total fabrication.
Oil is abiotic. It is a liquid mineral cooked deep in the Earth’s mantle under crushing pressure and scorching heat. It is the natural lubricant for tectonic plates and the grease that keeps the planet’s massive gears turning smoothly.
That is why wells drilled dry in the 1970s are filling back up again today. The Earth is pumping fresh oil from below and regenerating it nonstop. It does not run out. We are sucking the lubricant out of the planet’s engine and now the whole machine is starting to shake.
More earthquakes. Creaking faults. Grinding plates. Coincidence? No. We are stripping the oil that keeps the Earth’s crust sliding properly and the system is literally seizing up.
The so-called “fossil theory” is the greatest economic hack in human history. Real crude oil has almost zero biological markers. No nitrogen, no phosphorus, nothing that would survive if it came from dead organisms. It is pure polymeric hydrocarbons, primordial stuff from the Earth’s own formation.
Thomas Gold tried to warn the world. He proved hydrocarbons like methane and oil rise from the deep mantle, not from ancient swamps. The establishment destroyed his reputation because the truth would collapse their entire control grid.
If people knew oil is basically tap water for the planet, endlessly generated from below, the entire parasitic geopolitics of wars, sanctions, and price manipulation would evaporate overnight.
They do not want you to know the Earth makes its own oil.
They need you scared, dependent, and paying through the nose while they bleed the planet dry.
Wake up. The dinosaurs had nothing to do with it. This is the biggest lie they ever sold us and it is killing the engine of the world.
High cortisol is silently aging your entire body from the inside.
It tanks testosterone, stores dangerous visceral belly fat, and literally shrinks your brain.
Here are 9 cheat codes to lower cortisol backed by science:👇🧵(Bookmark this)
1. Sauna (5 nights/week)
🚨 JUST IN: California Democrat lawmakers just voted to MOVE FORWARD with the Stop Nick Shirley Act because they are terrified of fraud
They want to CRIMINALIZE investigative journalism against fraud. They're PANICKING!
Rep Carl DeMaio: "That would basically ban Nick Shirley from posting videos exposing fraud in California. AB 6218.19 prohibits an individual from posting a video online if the fraud organization says you can't do that!"
"The fraud organization can then, quote, seek injunctive and declaratory relief in a court of competent jurisdiction. We have got to stop this bill. And I just gave the state assembly members the chance to strike the bill from the record, which basically would kill the bill."
"Democrats in the state assembly voted to keep and protect her bill and advance it on!" @nickshirleyy