You do know how this all ends, right? All of this bickering back and forth on the debt ceiling is sure to nuke sentiment. This is now headline shit and every jackass American with an ax to grind is going to prognosticate doom and bloody gloom. Have you been looking at corporate earnings? One monster miss after another. Couple that with the fact that we’ve never had a string of sub 2% GDP numbers without diving into recession shortly thereafter, I dare say we’re cooked.
In such an environment, one that imposes harsh austerity on the United Steaks and bedazzling ineptitude by our leaders, REPUBLICANS INCLUDED, deflation will reign supreme. The Senator will wish to have a word or two, regarding this outrageous claim. However, I will not permit him to eat his cake and do push ups at the same time.
We’re either balancing the budget and diving lower, as we should. Or, we’re printing FUCKLOADS of money, which will lead to the motherfucker of all bubbles, resulting in the most spectacular blow up of all time. People will saw off their own fucking legs. That’s how bad shit will get. Hilariously disastrous.
In a way, we’re at a cross roads. The politicians are doing us a favor, believe it or not, by dealing with this issue now. We never should have rallied 100%+ off the lows, since the economy is still dreadful. We went up on cheap money, hookers, and lots of cocaine. It is clear to me the choice is being made to take our medicine and “eat our peas.” I know for a fact, the good Senator from Kentucky hates peas; but he’s gonna have to eat them one way or another.
There will be trading opportunities, due to the opaqueness of the future. However, rest assured, should we implement harsh austerity, we’re going to 9,000 or lower.If you enjoy the content at iBankCoin, please follow us on Twitter