As Romney extends his lead over Obama to landslide territory, one must ponder “is this a good thing for stocks?” Aside from the fact that Obama is Stalin reincarnate, sans all of the messy bloodshed, he does come with a strong financial henchman: Benjamin “The Fucking Bearded Clam” Bernanke.
We all know how Romney feels about Ben. He’s gonna fire the man on day one and implement some responsible/boring plan to right America’s financial ship. PFFFFFFFFFF, please. We all want the cocaine version of the economy, not some balanced budget shit.
Plainly, Romney is going to get rid of the Cocaine Gorillas and his running mate will implement ‘dark ages’ type of austerity. Be careful for what you ask for, good Sir, for you might receive it sooner than you thought.
Romney comes with cool shit too, such as ZERO cap gains taxes, lower taxes for the rich etc. Perhaps it all evens out in the end?
Maybe not, for this man (see below) will be out of a job by Valentine’s Day.
What’s Ben worth, 1,000, 2,000, 3,000 dow points?
If you enjoy the content at iBankCoin, please follow us on Twitter
On a separate note, I had some Saddam looking guy install a runner up my stairs. He was Egyptian we got to talking about how stupid his country was. He said he hates the people who took over. He explained how he used to go to school with them as a boy and always hated them, most poor kids from the slums, sucked in my religion.
He refuses to visit while they are on power.
Anecdotal evidence of how stupid the Arab spring was.
I then accused him of hiding chemical weapons under his mustache.
A toothbrush might have been a bit less subtle…..
Hopefully not under the stairs.
Chemical weapons beneath moostache…L.O.F.L
Fly you are too damn funny… rofl
WMD – Weapons of Mustache Destruction !! Oh No !!
6666 Dow points
Best comment so far goes to Dubz!
Romney will make the SOLE DISSENTER, Mr. Jeffrey Lacker, the new Fed chief and JLack will send a sole diss on notebook paper to Uncle Ben via inflation hawk that reads “get the fuck out of my office.”
Mmmm……….Fisher from the Dallas branch may be in the running too. He’s not real keen on what the Fed is doing and has done with the whole QE thingy and he’s not as draconian as Lacker. Might be a good compromise type asset for The Rominator.
Dow points are not neccessarily related to king coal, drilling , anything anti 0 not going apeshit. The dipshits standing in line with EBT cards and student loans to buy icrap are fucked. But did we not know that already?
Let Wall Street eat cake! CEOs will have lower cap gains while their workers are laid off in the mold of a true Bain-ly transformative. Then in chapter 7 of the playbook, all companies move to China, but corporate management is saved for the benefit of shareholders…Epilogue: after all the jobs are gone, Mitsy Boy labels China a currency manipulator, meanwhile Americans label their government traitors to their own kind.
I like cake. Tastes good
The Bernanke is worth 4000 Dow points at a minimum. “Be careful what you ask for” is correct.
Romney comes with cool shit too, such as ZERO cap gains taxes, lower taxes for the rich etc. Perhaps it all evens out in the end?
Maybe losers (or loosers as they say on the internets) will be allowed to fail? And maybe the dollar will be worth something again. @(-_-)@
Bernanke may actually be sick of QE-ing and could be hoping Romney wins;
Under Romney if GDP starts to actually move and stick, takes unemp. rate down (for real), the Clam could do his normal job and may be around for a while.
No politician will stop QE on his/her watch until it clear that it’s no longer working. And I don’t think that will be clear for a few more years.
I so dislike politics.
Ive given that some thought, fly.
Romney is bullshittng about suddenly morphing into a hard currency guy.
He has mankiw and a dude from Columbia advising him on economic policy.
Sure he will get rid of uncle Ben, but he wont replace him with a hard currency guy.
The gold commission and junk like that is just giving some meat to the gold nut wing of the party. Nothing will come out of it.
Interestingly the next fed possible chairman, mankiw , supports NGDP targeting.
What is wrong with you Romney lovers?!
We are here at IBC to make $$$, end of story.
Our portfolios>>Romney bad, Obama good.
I’m just sayin’.
If Romney wins:
1) Fiscal Cliff gets a huge kick down the road.
2) Bernanke either stays, or we get a similar fed with a different head.
Romney will send stocks sky high.
If Obama wins though, congress will drive right off the cliff on purpose.
Why exactly would the Senate go along with this scenario (1)?
If the senate does not end up with a R majority it will surely not have enough liberal strength to block the executive and House tandem. You’re talking about 1 or 2 senate votes. Quid pro quo has always been the answer.
The suckers who think Romney will change anything are the same suckers who thought Obama would change anything. Instead, the national security/ turnkey police state continues its implacement, the rich get the spoils, the poor continue to get fucked. All that’s left is to name our new Dickens, our new Zola.
OSG sez three years of financial statements _may_ not be reliable. Bankruptcy seems attractive:
http://www.streetinsider.com/Earnings/Overseas+Shipholding+%28OSG%29+Says+Three-Years+of+Financial+Statements+No+Longer+Reliable/7807081.html
glad I sold
Yes, things can get worse. Today we all feel so smart for selling last week.
“Romney comes with cool shit too, such as ZERO cap gains”
That WOULD be cool – questions are, will he really get that passed after he wins? Will he just say “fuck you, I only said that to get elected”? And is that only Long Term cap gains? ’cause most of mine are short term. Ya see, all these motherfuckers are liars- ever notice that?
Look up Reagan, he was President after Carter. GDP went from -7 to +10. The economy went gorilla. He didn’t start any wars. He didn’t take shit from Democrats or Iran.
Deadbeat Dutch Reagan QUADRUPLED the national debt. And don’t bullshit this BB about GDP growth under Carter.
Unemployment in the four years of Carter was 6.9% 6.0% 6.5% 7.1%.
In the eight years of Reagan it averaged 7.5%.
Interest rates skyrocketed in 70s and into 80s pushing debt much higher.
But Reagan’s spending as a percentage of GDP was one of the lowest
And for your information, in the four years of Carter GDP went UP 38%.
http://www.usgovernmentspending.com/us_gdp_history
meanwhile cost of production skyrocketed and costs of living were so high (food and fuel inflation) that standard of living was much worse
I got my biggest pay increases during the Carter years. The inflation went away, but my higher buying power stayed.
And the equity in my house QUADRUPLED in four years, making my mortgage insignificant in relation to the home’s value.
Ha ha – here i thought you were a young punk (who else could be so ignorant), but find out you’re a geriatric Jenny! LOL – Should’ve known!
“100% tax on income over $250k!! ” Yeah, that’s the ticket, muppet!
And the tremendous growth that took place in the Reagan era of course was “all Jimmy Carter’s doing”? The fact that Reagan was willing to stand by principal and reduce inflation first and set the stage for growth second to get economy on track to growth had nothing to do with lowering inflation and growing GDP and lowered expenses as a percentage of GDP?
The Bernank stays until his term is complete. Firin him mid way would take the markets down,
Romeny talking a good game until they open the bokks and he shits his depends.
Romney will win, but then what? Fiscal cliff will in fact hit… However, money will be driven out of treasury bonds and into stocks particularly if there is a lowering of cap gains rate taxes.
Bernanke will stay for awhile but around 2016 people will be so tired of both sides that even an independent like Jessie Ventura will have a chance to win as an independent.