Navesink International - November 2021
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Are we ready to die for Dantzig?
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Those that fail to learn from history are doomed to repeat it. Luckily, the human race learns a few things sometimes.
We certainly need those lessons to handle the current Ukrainian situation.
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The Turkish Lira keeps on falling
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The intervention orchestrated by the Turkish Central Bank to sustain the Lira has turned ineffective. The Lira fell further.
Erdogan has therefore replaced his finance minister with an even more loyal executive.
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Turkey's fall
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The Turkish Lira is free falling. It has been weakening for years (from parity to 12 TRY to the dollar), but the 15% fall on Tuesday is causing a lot of pain and concerns.
It could be intentional.
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The Rise of Money Launderers on Snapchat and Instagram
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An interesting British documentary about how money mules are recruited by larger money launderers, and how easy it is to lure young people into crime for a few grands.
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Evergrande default is highly likely, S&P says
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This is not good. If you wanted a trigger for a recession, this could be it.
Standard & Poor's says that Evergrande will default - it cannot sell new constructions.
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Leveraged up, leveraged down
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Leverage has benefits on the way up, but it has drawdowns on the way down.
Exchanges need to pay the winners, so they HAVE to go after the losers.
You will get sued, and your house and savings are theirs in most cases
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Market up, vol up
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We are currently in the unusual market situation called "market up, vol up", where volatilities go up while the market rallies. It is driven by retail purchases into the tiny calls, notably for the small caps and the meme stocks.
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Panel Ponzi Prison
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A San Francisco couple, founders of a legitimate solar panel company, were sentenced to 15 and 30 years in prison for orchestrating a Ponzi related to equipment leases. They had 150 collectible cars and 32 houses.
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Navesink International
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Navesink International offers expert witness services related to financial markets, including
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→ Equities, fixed income, commodities, cryptocurrencies
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→ Trading, options & futures, complex securities
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→ Quantitative and fundamental analysis, portfolio constructions, investment risks
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→ Hedge funds, equity finance, prime brokerage
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→ Market manipulation, trading losses, tax arbitrage…
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Our affiliated experts are able to cover a swath of topics and cases. We have a proven capacity to find uniquely qualified talents by drawing upon our industry network, rich of many thousands of experienced industry professionals, to answer your specific case.
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Click here to reserve your call/Zoom.
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