Category Archives: Uncategorized

CS dove 15% to hit a record low. No surprise, swaps on five-year debt rose to 450 basis points on €10,000 of CS’s senior debt against default for a year. Wanna graph? Got ya covered. How’s that for going ballistic? For context, here’s the index spread. Unlike Silicon Valley, Eurobank balance sheets tend to beContinue reading “Our “Best in Class Eurotrash”: CS”

Got it? Whether it’s Bailey Bros Savings & Loan or Silicon Valley Bank, the fastest way to trigger a bank run is when the word gets out you are illiquid. The duration gap is a financial and accounting term used to measure their risk due to changes in the interest rate. This is one of the mismatches that canContinue reading “The Night They Drove Ole’ $SIVB Down”

First came the bankrun about a month ago triggered by guidance that losses would continue. A couple weeks later came the next drop after chatter hit the street that regulators were digging into what Axel Lehmann (Board Chair) knew about the run and when he knew it. So it’s like on schedule that CS stockContinue reading “The Night They Drove Ole’ Credit Suisse Down”

As reported by Donbass Devuska, the PMC Wagner “Musicians” secured the Stupki microdistrict in Artemovsk (Bakhmut) to the east of Yahidne. Fighting continues in the Ilyinovka area as they advance on the AZOM plant All supply and retreat roads are under the fire control of Russian artillery. 30,000 AFU soldiers are now in a “MariupolContinue reading “Bakhmut Last Stand”

ZeroHedge: https://www.zerohedge.com/geopolitical/russia-tells-un-ukraine-crisis-war-west-survival Russia Tells UN That Ukraine Crisis Is A “War With The West For Survival” BY TYLER DURDEN FRIDAY, FEB 24, 2023 – 06:55 AM In two days of United Nations special sessions this week related to Ukraine as well as the Nord Stream pipeline sabotage, Russia mounted a robust defense, arguing that itContinue reading “UN Security Council re Nordstream”

Falling energy prices driving falling commodity production increasing liquidity stress

Initial translation – will update when the Tass publishes the official transcript

Aviation Week: https://aviationweek.com/defense-space/aircraft-propulsion/hobby-clubs-missing-balloon-feared-shot-down-usaf ********** A small, globe-trotting balloon declared “missing in action” by an Illinois-based hobbyist club on Feb. 15 has emerged as a candidate to explain one of the three mystery objects shot down by four heat-seeking missiles launched by U.S. Air Force fighters since Feb. 10.  The club—the Northern Illinois Bottlecap Balloon BrigadeContinue reading “Hobby Club’s Missing Balloon Feared Shot Down By USAF”

Simplicus: https://simplicius76.substack.com/p/all-seeing-eye-can-russia-break-through ********** I. There’s been an increasing realization and acknowledgement from all sides, that the current conflict has shaken the foundations of a lot of doctrinal military theory, and the very understandings of how strategy and tactics are employed in a modern ISR-dense (C4ISR) and observation/integration/network-centric-dominated battlefield. This war may very well be theContinue reading “Simplicus the Thinker: All Seeing Eye: Can Russia Break Through The West’s ISR Overmatch?”