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Carvana ($CVNA): The Drexel Burnham Lambert Of Car Finance

by irdadmin | Mar 10, 2022 | Financial Markets, Market Manipulation, U.S. Economy

Carvana reported Q4/full-year 2021 numbers on February 24th after the close. The Q4 net loss was wider than forecast at $1.02/share vs 41 cents/share a year ago. Revenues “beat” estimates, as unit sales were 113k vehicles vs 72k in Q4/2020. The operating...

“We Are In The Golden Age Of Fraud”

by irdadmin | Jul 30, 2020 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy

“Elon Musk has personified the hopes and dreams of this bull market; Tesla burnishes its results through aggressive accounting; it’s a culture of deception because it is selling self-driving, which doesn’t yet exist.” – Jim Chanos from “We Are In The...

How Banks Create Money Out Of Thin Air

by irdadmin | Apr 21, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy

“The credit creation theory was something I intuitively grasped before from other alt-media sites, John nailed it down.” – Comment from someone who watched the podcast below The “money supply” number as provided by official Federal...

Just How Indebted Is Elon Musk?

by irdadmin | Feb 23, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy

Tesla continues to head south since hitting its post-earnings high of $321. It’s down nearly $100 from the $380 post “funding secured” tweet all-time high close on August 7th. The stock has diverged negatively from the SPX since mid-January. By all...

Upper Management Exodus At Tesla Continues – Why?

by irdadmin | Nov 13, 2018 | Financial Markets, Market Manipulation, U.S. Economy

Phil Rothenberg, VP of Legal at Tesla, is leaving the company.  He’s been at Tesla for nearly 8 years; previously worked at the SEC.  I assume Phil has a lot of stock and a lot of stock options, having been at the Company for eight years, including a nice chunk...
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