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
23,432 Blog Posts

THE DECLINE IN THE EURO MEANS NOTHING

German exports are booming with the euro-slide, which is why their market is leading the charge higher by 8.5%. All of you strumpets are crying bloody murder this evening, pointing to waterfalls, and other inane shit, as preludes to a coming crash in equities. By golly, the homosexuals in the ass of Europe elected a party who doesn’t like austerity and that, my furry little friends from the middle of nowhere, is cause for alarm–shoving futures and oil barrels down into the dirt and fires of hades to burn for eternity.

PUHLEEZE.

This is NOT 2011 and the Grexit fears are nothing more than an illusion, an advertising campaign for the egotistical cuckholds in Davos, who’re merrily eating $43 hotdogs from their private helicopter lairs.

Reason being: sovereign bond yields are at record lows. Nothing-else-matters.

Repeat after me: nothing else matters but sovereign bond yields.

As for oil, I think it’s rather romantic that the oil shieks in the middle east are going the rout of Robber Baron to dispatch our idiot producers in the shale. May the shale workers gets hit in the head with shale rocks and perish under the weight of their own hubris. For those unfamiliar with the term “Robber Baron”, it merely beckons an age, late 1800’s/early 1900’s, when industrialists would crush less capitalized competition by lowering the cost of services until said competition vanished from the face of the earth. Old Commodore Vanderbilt would reduce his ferry fares down to nothing, just to bankrupt his competition. Once victorious, he would raise prices to the fucking moon, then bask in his millions whilst spitting tobacco juice onto his friends expensive persian rugs.

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19 comments

  1. zombie

    FIG

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  2. mackypinky

    long $HEWG… fuckers

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  3. BlueStar: Contrarian Investor
    BlueStar: Contrarian Investor

    Agree with all your statements. We will be green by close tomorrow.

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  4. YOU WILL KNOW ME BY THE TRAIL OF BLOOD
    YOU WILL KNOW ME BY THE TRAIL OF BLOOD

    Nothing like a good dip

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  5. lesurgeon

    Ignorance is Bliss, We should come to embrace it.
    When the lights come on Monday Morning ill be ready for this..

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  6. ironbird

    If cratering bond yields are super bullish. Why has Japan been fucked for decades? Serious question.

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    • Dr. Fly

      Explain how Japan is fucked when they have the lowest unemployment rate in civilized world.

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      • ironbird

        The market has not done anything in decades. Risk assets were not helped by low interest rates. At least that is the conventional wisdom.

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        • Dr. Fly

          While markets have been flat, quality of life in Japan has been fine.

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      • thenose

        Sovereign yields are low but need to see impact on the periphery yields (spain/portugal) tomorrow. if those start going higher on grexit, then this is a problem.

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    • fxtradex6

      Japan = Not fucked. Fuckers are those committing fuckery when talking about how fucked Japan is on the televisions.

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    • one-eighty

      Speaking of fucking, the Japanese are not making enough babies so it is hard to grow the economy.

      Fun fact: in Japan adult diapers outsell baby diapers.

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  7. rahagar

    A socialist shitpit predictably voting for their own demise is taking down capitalism overnight. Pfffft.

    1) BTFD
    2) Interest rates here will never rise
    3) Equity markets will continue to crotch-punch the bears
    4) The greek god Dionysos, God of wine, parties and festivals, madness, chaos, drunkenness, drugs, and ecstasy has indeed won the election and the rest of the world should sit back and revel at the hangover.
    5) BTFD

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  8. rahagar

    The “Growth” model is dead as long as central planners will not allow proper resets.

    BTFD cuz planners (and the wealth/power that control them) can’t afford a crash.

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  9. mackypinky

    $EZPW though..

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  10. j

    Japan is fine. The BOJ now owns around 35% of Jap bonds on issue. The BOJ and the government ought to do a deal and cancel the part of the debt.

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  11. it is showtime

    The 99.3% will win over the 0.7%
    (after an apocalypse caused by the 0.7% thou)

    That’s my comment

    The snow will fall like copper this week
    that’s myu other comment

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  12. juice

    “The better positioned human being of the prosperous countries sleeps on bags full of money, and what he/she gives with one hand he/she takes away again with the other, whereby those needing help neither live nor die, rather can only vegetate in misery.”

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  13. pirate

    I know it’s sacrilege for a ‘strumpet’ to care about the nation, but those shale producers in America are building Americas future. THEY are ensuring the USA will not be at the mercy of the Jihadists for it’s oil in the future. If you are routing against them, you are routing against the USA.

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