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  1. The_Krakenite

    Doesn't 30% down feel about right for where this bear market should land?

    One thing I'd like to point out about that, especially since I still come across many boomers who like to blame the stonks market for the Great Depression... "The Great Depression was, contrary to popular myth, not created by the 1929 stock market crash, as economies had endured such crashes...
  2. The_Krakenite

    Credit Suisse a bellweather?

    As I said before, good luck to those who want to buy-the-dip on CS. That value-bet discount-plan didn't work so well with Lehman Bros, Bear Stearns, and Enron but... risk vs reward ehh? Seems, once in a while the Fed really does allow a couple of the 'too big to fail' to go under, so that we...
  3. The_Krakenite

    So inflation-adjusted the S&P 500 did not reach 1929 levels until after 50 years?

    I believe the 20-year return on REITs as listed in that chart could be an over-exageration. I say this, because it has been a common argument about REITs beating most things over long periods, however, I remember a very interesting writing from Niederhoffer in his last book where he explains why...
  4. The_Krakenite

    SuperPower III - Epic fail

    Haha! That was like the only other thing I've come across suggested. But really? I used to have Monopoly Tycoon many years ago. Oddly, I actually miss it. LOL.
  5. The_Krakenite

    Credit Suisse puts Zurich hotel up for sale in urgent liquidity dash

    As said, history doesn't exactly repeat, but it sure rhymes...
  6. The_Krakenite

    SuperPower III - Epic fail

    So, for a while now I've always wanted a good type of game that either simulates Wall Street and/or capitalism, and other economic factors. Basically, I always am looking for something that's fun to play, but educational in this genre. Unfortunately, just about every single Wall Street game...
  7. The_Krakenite

    Alex Shitshinsky -- Caught front-running & bailing out.

    Well, this isn't going to fair well for the x-CEO:
  8. The_Krakenite

    Binance : $100M Stolen

    For Binance, 100mm is just a rounding error. Also, bridges are to be deprecated, because of this very reason. It is a huge exploit for untrustworthy users.
  9. The_Krakenite

    Credit Suisse puts Zurich hotel up for sale in urgent liquidity dash

    I had been debating on the 'Buy the Dip'... however, all the alarm bells are ringing on this one. I'll never forget seeing this same shit-show happen with Bear Stearns... same thing. And pretty much everyone who listened to Cramer and bought the falling knives in the same scenario ended up...
  10. The_Krakenite

    Credit Suisse puts Zurich hotel up for sale in urgent liquidity dash

    Well to be fair, Enron did show some jail-time, but... everyone tried to point the fingers at everyone else, and Fastow took the biggest blame for it. Interestingly enough, Skilling supposedly knew that Fastow was stealing 200 million from the company, and purposely let him skim from the top so...
  11. The_Krakenite

    American Greed - Chasing Tesla, CNBC 10 PM ET, Trevor Milton/Nikola

    I have not had time to watch it, but I am just guessing, that maybe Nikola wasn't supposed to be a true-full fraud... just a CEO thinking it is easier to make it... and trying to do the old 'fake it till ya make it' trick. I bet Elizabeth Holmes was doing the same with her sham. Eventually, she...
  12. The_Krakenite

    Credit Suisse puts Zurich hotel up for sale in urgent liquidity dash

    https://ca.finance.yahoo.com/news/credit-suisse-puts-zurich-hotel-140742466.html
  13. The_Krakenite

    Bitcoin Widow - QuadrigaCX shit-show...

    ~130 pages into it now. Seems the author's mother-in-law did not like her, (possibly knew not to trust her?). This is quite evident in the book. That said, the book now covered the part where she and Cotton signed their last will & testament only 4 days before the suspicious India trip. That...
  14. The_Krakenite

    Is This The Next LEHMAN BROTHERS!?! (It's Worse!)

    I thought this was worth a look...
  15. The_Krakenite

    Will the Fed Buckle Under Wall Street's Pressure?

    Nope, the damage by that libertard is already done. Just maybe, if you are quick-enough, you can make dumb students (who think they know it all) who made bad debt choices on their student loans for 'ism' majors, pay for their own shit... but even that may be a long shot now.
  16. The_Krakenite

    Peter Schiff: The Bank Of England Rings The Mother Of All Bells

    The problem with pensions & public works, if it's like Canada (And the UK almost always is), the government has the worst of the worst pension system, which means high risk & little reward. Private sector got rid of those almost 2 generations ago as they were nothing but a dangerous liability...
  17. The_Krakenite

    Peter Schiff: The Bank Of England Rings The Mother Of All Bells

    For those who missed Schiff's last two Satoshis as of late, here's the cliff-notes: https://www.zerohedge.com/markets/peter-schiff-bank-england-rings-mother-all-bells I don't always agree with him, but a lot of the times he does have some good things to say.
  18. The_Krakenite

    Russia to pivot (yet again) on Bitcoin Ban

    The Ministry of Finance of the Russian Federation plans to let any industry in the country to accept bitcoin and cryptocurrencies for international trade without restriction- https://www.zerohedge.com/crypto/russia-allow-international-trade-bitcoin-crypto-any-industry-report
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