The last time that billionaire hedge fund manager, who operates out of the Short Hills Shopping mall, told you to be careful of stocks, at the SALT conference, everyone panicked for a solid two weeks. After all, David Tepper is God’s only bastard son and can do no wrong. Persons of interest and disinterest alike shorted internet stocks with reckless abandon. Everything seemed to go fine, until your faces got ripped off–placing Mr. Tepper in the indomitable ‘fag box.’
Wait, should I refrain from talking shit about Mr. Tepper because he has more money than me? I know many of you microbes out there like to judge a persons opinion based upon his account size. Should I qualify myself with screen shots of my 7 fig account balance before each blog? I know some of you sub-mentals have asked me to do that before. Hey, don’t forget to come to our fucking conference in Vegas, ok?
So now Mr. Tepper, sausage eater from Pittsburg, now working on the 2nd floor of the Short Hills Shopping Mall, directly above the Santa Claus picture centre, is telling you that rates are going higher. He’s called a bottom in interest rates (LOLz), the very rate the US govt pays to borrow money to conduct warfare and other unsavory events. With almost 20 trillion tucked away in debt, this guy, the sausage eater from fuckville, is telling me that interest rates, the cost of borrowing for the insolvent US govt, is going higher.
PUHLEEZE.
Once you get it out of your system and follow this psychotic into shorting treasuries because of the inflation boogyman, you will realize that it is implausible and certainly improbable for rates to go higher, to any large degree.
Having said that, TLT is lower this morning and has moved 5 straight points to the downside since 9/1. On the surface, it would appear massive inflation is being priced in, at the same time gasoline dropped by 15%. Because, ummm, I don’t know: because inflation is a figment of your servile imagination!
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inflation is the chain shackles that hold and prevent the worker bees from ever truly “making it.” If not for inflation, the productive would rule the world and we just can’t have that.
7 figs eh? 2 of them right of the deciminal point?
God only knows what you are trying to say.
the productive working class aren’t able to successfully build economic surplus due to bankers and inflation.
Glad to see you’ve got your moxie back. Be nice if there was no ramp into the close today.
I want the fucking market to go down 5,000 points today.
Inflation is the FRIEND of the middle and lower incomes,
whose balance sheets are mostly DEBT- mortgages,car loans, credit card balances. Their only big asset is their house.
For a $100K house and $80K mortgage, doubling of prices
raises the homeowner’s equity from from $20K to $120K,
a 6x increase, making the monthly payment HALF as painful.
The retireds have their SS indexed. Our tax brackets are
indexed. Look back at 1977-80 and you’ll see you got your
greatest salary increases- 10 to 15% yearly. The inflation
went away, the EFFECT of your higher salary continues.
It also reduces income disparity, as the real value of
stored cash decreases, while middle class retirees get a
good rate of return on CD’s and bonds, and wages go up.
It reduces real value of federal and personal debt and
mortgages, while raising home values and stock prices.
Inflation is the FRIEND of the supply-demand economy.
That’s all well and good. BUT THERE ISN’T ANY GOD DAMNED INFLATION.
no inflation, ex food, education, travel, INVESTOR CONFERENCES ;), insurance of all kinds, service fees of all kinds, real estate, homebuilding, building materials, trips to Mars, war expenses, women, etc
Wait’ll foreigners stop buying US dollars. The end of QE plus a few good bumps in the market and the dollar will look a lot less attractive, causing a huge sell-off, causing it’s value to plunge, causing everything to get more expensive.
YOU JUST WAIT!
The dollar is king right now. Look at commodities and currencies.
Come on $IFON…you can do it !!! (extra Tony Little).
What of the IFON? What of the poor IFON?
I just put my whole account in IFON. THAT is what is of the IFON.
I hope $IFON isn’t Le Zebra
my south american intel reported he saw his first very kool in person recently.
Very gawd damn kool. I hope it was in a consumers hand and not sitting on the shelf in the store.
I rolled ZU calls (+60%) into a ZU outright purchase this morning. Rubi is still on fire +19% from my buy a few days ago. And just bought the most hated stock out there: SALE
I was eyeballing SALE too.
I don’t particularly like SALE’s business model so I am running a fairly tight stop on this trade. I normally don’t do that, but if you’re right about another leg down I’m not interested in sitting on sale. It’s looking very constructive now though.
I found it hilarious that earlier this year David Tepper said he was “nervous.” What the fuck does that even mean for a man running billions of dollars politicking on teevee? Every Joe Doughnut in Shithole Diner, USA must have dropped their warmed coffee in horror and exclaimed, “Rhonda, hold the hash browns, we’re in for it this time. This Tepper guy is nervous.”
+1
Indeud.
Every one of my comments is always awaiting moderation. WordPress is Chinese.
Deflation
Last I checked milk costs like $3.50 a gallon but was like $2.00 10 years ago.
At the same time, pay at retail has stayed the same or gone down lol.
What do people use more, milk or corn/wheat?
The underlying current is deflation. With everything they are doing we should have more inflation, no?
Fuck milk
Lactose intolerance?
Fuck milk, but god bless tits.
http://2.bp.blogspot.com/_jDj3YrNGpho/SPWeFmDYNGI/AAAAAAAAAHM/8RKgXI4WqJE/s320/petra-nemcova.jpg
Teets
2-3 gallons per week. Family of 4
Milk is for babies. When you grow up, you have to drink beer.
Milk is subsidized. The real cost is $5. a gallon. You can’t use milk as an inflation index.
Just saw you are having a conference in Vegas.
I send my regrets mainly because I don’t subscribe to any of the services (as you know) because I am at the end of my trading gig and have no desire to grow the $$ quickly but rather to stay on a conservative uptrend until my wife retires so I can spend my days cycling around the black bears and foxes.
Plus I’ll be flying to an SEC football game that weekend (I think).
I do know it will be a success in Vegas for iBC and the attendees.
You have no desire to make more money sooner?
Please release the comments.
Business Cycle is moving rates right now..
I am now long FXI calls. The Chinese stock market is going up. Book it.
This is not a short term call.
Market tanking bonds tanking ….. cute.