Send us a text

This week on The Wall Street Skinny, we kick off discussing gold ripping to record highs and unpack why that’s happening in a still-high-rate world: sticky inflation keeping real yields muted, central-bank buying, safe-haven demand, and a dash of retail frenzy. We also poke holes in the “25/25/25/25” portfolio meme (equities/bonds/cash/gold) and talk through why allocation can’t be one-size-fits-all—age, goals, and cash-flow needs matter.

Then we dive into First Brands’ Chapter 11 and the alleged “Enron-style” shenanigans behind $2.3B of vanishing assets. We explain collateral, receivables/inventory financing, why overlapping pledges are a five-alarm fire, and who’s exposed (private credit funds at Street names like Jefferies and UBS get a mention). Bigger picture: what this says about today’s credit boom, looser covenants, and why fraud tends to surface when the cycle turns—plus what two auto-related bankruptcies might signal about the consumer/auto complex.

We also decode that viral “Ferrari-loving trader” headline: how a naked short in long bonds around the COVID shock morphed into an 11,000-to-1 leverage debacle and ~$250mm in Street losses—complete with a plain-English walk-through of bond shorting, repo, and settlement. Finally, we react to the Centerview analyst lawsuit over sleep accommodations and the perennial debate over banking culture, expectations, and realistic boundaries. Stick around for what’s next: a Distressed Debt 101 primer in November and a packed slate of heavyweight guests.

For 20% off Deleteme, use the code TWSS or click the link HERE!

Sign up for our LIVE Virtual Bootcamps!

2-Day Financial Modeling Bootcamp
Master the technical Excel and accounting skills essential for investment banking, private equity, and fundamental investing. (Learn more HERE)

Global Markets & Investing Playbook
A one-day crash course on the financial ecosystem, perfect for anyone seeking a big-picture understanding of how global markets and Wall Street fit together.

Our content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. (Learn more HERE)

Ruth 2:14–23 — God’s Kindness

Reformed Forum

Firstfruits Imagery: Already-Not-Yet Blessing

The AI-powered Podcast Player