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
23,433 Blog Posts

Do We Even Care About the Fed Anymore?

The past 6 months have been surreal. The Trump show continues to spin off hit after hit, weaving intrigue and endless amounts of entertainment for those paying attention to the details. The left have lost often and in hilarious fashion. Trump has been under attack from the moment he announced his candidacy and his thinned skin demeanor all but guarantees he’ll continue to give his enemies hell — even when they don’t deserve it.

There are innumerable benefits to this, especially from an investment standpoint — the first being he’s made the Fed almost meaningless. You know as well as I that if Trump wasn’t around creating all sorts of shit storms, we’d be hanging on every word coming out of the Fed heads. Do you remember when we’d know the schedules of each Fed head, even the non voting one’s, just so we could parse every word to get a better idea what they were up to? Now we don’t give a shit. If they all died in fires today, we might be sad, but we really wouldn’t give a shit.

All that matters now is the plans Trump has set forth: taxes, healthcare, regulations, budget and infrastructure. Life is simple again. The fuckers at the Fed have the cover they need to slowly sabotage the market and we can trade again — without having to worry about market crashes, induced by a Fed governor burp.

Demotards and republitards should both be grateful for Trump for being the lightening rod, the bigger than life super hero/villain (depending how you look at him), for us little guys trying to cobble together a few million in investment gains in order to finance modest lives in zero crime, golf course rich, suburban neighborhoods with pastoral views.

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11 comments

  1. sarcrilege

    Is that the Colombian or Jamaican weed you’re smoking this morning? I should have some of that.

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  2. rigged game

    Trump is a lunatic – as his budget indicates.

    He should be QUADRUPLING the budgets for parks,
    the IRS, and arts. He should be doubling the budget
    for education, including college, infrastructure,
    water initiatives and the State Department.

    He should ELIMINATE the department of Homeland
    Security, and he should be cutting the “Defense”-
    actually ATTACK – Department budget in half.

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    • ericbakerbruce

      And you are a moron.

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    • moonshot

      Which of the arts are you starving in?

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    • Dr. Fly

      If he did what you’re asking, his name would be Obama.

      Drain the swamp means defund failing institutions.

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      • rigged game

        The main institutions that are failing are Defense and Homeland Security, which piss away 70% of available USA funds. FUCK ‘EM BOTH!

        We need a bigger IRS to collect taxes, and we
        should have FREE National Parks, schools open
        20 hours a day to educate people in health, music,
        sciences, etc. Even if they are 75 years old.

        And the dumfuks above who think that killing
        people and searching people are doing any good
        are as deplorably NUTS as Agent Orange is.

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    • TJWP

      Looks like we found us another starving Autist.

      Allow me to explain: national defense is a common good therefore the government funds it.

      Also: have you seen an inner city school? You think throwing more money at these incompetent rubes and the savages they oversee is an effective use of money?

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  3. paradox

    Hard to really know what is in the heads of people, but I wonder if it’s no so much that traders don’t care about fed anymore as much as traders think the ‘fed put’ is just a permanent thing to count on in whatever form it comes in. Sort of, ‘Oh, yeah they’ll raise rates now, but if the market sneezes 5% they’ll break out the life rafts again, or at least start jawboning which has been enough the last 8 years.’ Markets only go up don’t you know.

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  4. ironturd

    Jersey sounds like a great place to get your bored offspring addicted to opiates, extra pastoral

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  5. ferd

    Quite so Doctor. The world of carefully vetted blather is gone thanks to Trump. Thank you Mr President! But outside of that accomplishment, he is performing much worse than I had hoped.

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