SoftBank's Vision Funds Report Historic US$ 27 Billion Loss

SoftBank's Vision Funds Report Historic US$ 27 Billion Loss

From zerohedge.com

While the unraveling of ARK (and its flagship fund ARKK in particular) have come to epitomize the unraveling of the pandemic-era tech boom, Cathie Wood and company are rank amatures compared with Masa Son and SoftBank, who have seen their portfolio of rising tech firms hammered by the trifecta of global economic contagion: Rising rates in the US, China's COVID-inspired lockdowns (and before that, Beijing's crackdown on Chinese tech) and the fighting in Ukraine (and the inflationary hellscape that rising oil and food prices have unleashed). We noted back in March that SoftBank's portfolio had seen $25 billion ... (full story)

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From @Financialjuice1|May 13, 2022
tweet at 4:26am: ECB'S DE GUINDOS: A LARGE PORTION OF CURRENT INFLATION IS THE RESULT OF THE PANDEMIC AND WAR. tweet at 4:26am: ECB'S DE GUINDOS: SECOND ROUND EFFECTS WILL BE CRUCIAL, THIS HASN'T HAPPENED YET. tweet at 4:27am: ECB'S DE GUINDOS: WE WILL DEFINITELY STOP BOND PURCHASES IN JULY. tweet at 4:28am: ECB'S DE GUINDOS: A RATE HIKE IN JULY DEPENDS ON PROJECTIONS; I WILL NOT GIVE MY OPINION. tweet at 4:31am: ECB'S DE GUINDOS: I STILL DON'T SEE A RECESSION IN THE EUROZONE.
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From @LiveSquawk|May 13, 2022
tweet at 4:34am: China Money Supply M0 (Y/Y) Apr: 11.4% (est 9.8%; prev 9.9%) - China Money Supply M1 (Y/Y) Apr: 5.1% (est 5.0%; prev 4.7%) - China Money Supply M2 (Y/Y) Apr: 10.5% (est 9.9%; prev 9.7%) tweet at 4:34am: China Aggregate Financing (CNY) Apr: 910.2Bln (est 2200.0Bln ; prev 4650.0Bln; prevR 4653.1Bln) - China New Yuan Loans (CNY) Apr: 645.4Bln (est 1530.0Bln; prev 3130.0Bln; prevR 3125.4Bln)
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From @Financialjuice1|May 13, 2022
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