The rabid animals who bought Japanese stocks last week are getting rocked tonight. This has nothing to do with the events that transpired in Orlando, FL by the scum and filth of the earth, but instead the abject and continued failure of the Bank of Japan’s efforts to spur inflation via negative rates.
Do a fucking google search for safety deposit box sales in Japan. They’re surging.
The samurais aren’t buying bullshit stocks into an earnings recession, as the NIKKEI slides further into the muck of an onerous year to date correction.
The yen-carry trade continues to unravel. The higher the yen goes versus the dollar, the more pressure applied to institutions who’ve borrowed in yen to buy stocks resonates.
I don’t mean to scare you. I realize I’ve been talking extreme shit since the beginning of 2016. But do all of you realize how fucked everything is? I’ll editorialize for a minute, taking a break from my Walter Cronkite swag. This is a completely fucked scenario. With European and Japanese central banks diving deeper into negative yielding rates, the world sinks into the deflationary vortex. It’s only thanks to the grace of God that markets haven’t dislocated and ripped out from the fucking sockets yet, with all things considered. I find nothing, zero, redeemable about a market where all of the major market participants are saddled with outrageous sized debts and declining earnings and growth, only buoyed by the explicit manipulation of its assets, via the creation of money by their fucked central banks.
Back to catering to my french martini.
If you enjoy the content at iBankCoin, please follow us on Twitter
Motherfuckin spot on.
Shit is getting wobbly. Silver and oil dumping.
And Bitcoin is up to $666. 20% increase in a couple days.
Bitcoin is easier to move than metal. Arguably more secure and less manipulated.
In a fucked up world does magic internet money reign supreme?
Yes. Like the 1990s now, except with currencies rather than companies. Real currencies are for suckers.
fleece vests are in style tonight
OA was interested in buying some bitcoins a few weeks ago. Really liked the technical setup.
Marco environment wise you’re 100% correct.
Your algo will flag a buy signal soon enough though.
Ours bought Friday and I doubt the Fed distrupts the market Wednesday.