I take issue with many of his posts which are simply "bear porn" or doomer posts. Example is when he, months ago, was talking about how banks had "X TRILLIONS!!!!" of derivative exposure, when he was talking about notional value. Which doesn't represent real risk or anything whatsoever. It's just inflammatory content to get clicks.
He posts some good stuff, but often its just clickbait type material. He's just not an informed trader or legit market participant, posts talking points.
@NBS@Cosmic Something is up with his algo boost. I’ve never shown any interest in him, never really liked the cheesy reddit crap, but he’ll always show up on my timelines regardless.
I’m not a fan of ‘silver bugs’, all my life they’ve been making too many promises that remain unpaid.
3) https://aspiechattr.me/@WallStreetSilv/110080686624009529 CDS prices don't reflect the fear of a bank's deposits, rather it's ability to pay back liabilities (solvency). Schwab is well collateralized, CDS prices across the industry rose on increased panic.
4) https://aspiechattr.me/@WallStreetSilv/110070954265484215 High yield (junk bond) spreads have nothing to do with, in terms of correlations, bank failures. He should measure the bank's specific debt vs treasuries for a better yield spread analysis
I linked back to some random mastodon account which relays their tweets because I was unable to go back to a date beyond like March on their official Twitter. They just post so much.
They do post some good content, but by and large it just seems like another inflammatory clickbait account. Good to keep an eye on, largely an ignore though.
6) https://aspiechattr.me/@WallStreetSilv/110010556242814968 It's not accurate to visualize this type of graph on a 1:1 scale given confounding variables, you have to normalize this vs inflation or GDP to get an accurate representation
@NBS@Cosmic They’re a ‘happening addict’. Everyone wants to feel like they’re living through THE BIG ONE®, so all they do is constantly jabber on about how it’s just around the corner until everyone else grows up and moves on in their life.
I remember this same schtick when I was a teenager, they told me to stock up on silver to barter back then too. If I hadn’t have done that then the collapse would have ruined me. The uh…collapse we’re still waiting on. Now 10 years later each ounce is worth about the same at best, maybe even a few bucks less than I paid for it.
This guy. Again, a nice dude to socialize with and I still text him as a friend, but he's not a great trader. Used to do some really shady shit in the pit.
I remember one time he made several trades in the SPX pit, didn't card them up (process and post them to the public tape for everyone to see), later made more public trades against them, and then processed the trades at worse prices. Almost got his ass kicked that day.