iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,436 Blog Posts

It’s All Bullshit

I am watching the CEO of New Balance and chuckling to myself (I never laugh) because this fucking stupid country that I live is going to lift what little tariffs remains on shoe imports, which would leave New Balance (the only company left manufacturing sneakers here in America) at a serious disadvantage. You are pondering, disadvantage to whom? Why, I will tell you straight away: the fucking Vietnamese.

My father is likely turning in his grave at the spectacle of this bastard country because of “the leaders.” Over 55,000 Americans died in Vietnam FOR NOTHING. The assholes in charge wanted to stop communism. Instead, they crushed America’s spirit, caused a deep recession, and put a bayonet wound into my father’s leg. Now they are going to remove tariffs that will directly benefit the Vietnamese.

TREASON!

As for the market: don’t get sucked into this market before the Fed. It’s all a parlour trick. The tone of the market will be completely different after Ben speaks. All of the penny stocks that you see here, running higher in degenerate form, will be crushed into fucking dust if the Fed disappoints.

In short, I am refraining from buying until after the Fed. If you are buying before the Fed, well then, expect to endure a great catastrophe should the news go against your expectations.

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6 comments

  1. clegger_2000

    Indeud…

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  2. abdogman

    You Are So Right….and it is Disgraceful

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  3. elizamae

    I love New Balance. They are the only sneakers I will ever own.

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  4. BottleRocket

    Why are they the last ones making shoes here?

    I smell blood. Bernake disappoints.

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  5. JakeGint

    It’s called free trade and it’s a good thing. If we can’t make a high enough value shoe here, then we shouldn’t. Why the heck would you want to keep wages depressed here?

    _______

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    • TeahouseOnTheTracks

      How are jobs created if New Balance goes off shore. Those factory workers make more than McDonalds workers!

      Free trade is only free trade if your competitors aren’t cheating …

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