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
23,471 Blog Posts

Trumpsters Beat Down Again: The President Wants a Weak Dollar, Low Rates, China is NOT a Currency Manipulator

Apparently, everything you hoped for from Trump was a lie. This much is clear to me now. Democrats should find solace in the fact that Trump is actually Hillary in a man’s body, albeit a much more vulgar and childish one.

Here is our President reversing another campaign pledge to get tough on China — calling them out for currency schemes.

Also, he doesn’t like a strong dollar and wants low rates.

TRUMP SAYS IN WSJ INTERVIEW STRONG DOLLAR ‘WILL HURT ULTIMATELY’ THE U.S., MAKES IT VERY HARD TO COMPETE
PRESIDENT TRUMP: U.S. DOLLAR ‘IS GETTING TOO STRONG’
TRUMP SAYS HE PREFERS LOW INTEREST RATE POLICY
TRUMP SAYS WON’T LABEL CHINA CURRENCY MANIPULATOR: WSJ

This had provided succor for gold and bond fags during the session, also laying waste to the dollar by 0.5%.

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27 comments

  1. frog

    We should be so lucky that Trump would be Hillary in a man’s body. Hillary would be much more responsive to the desires of citizens. She wouldn’t be destroying the EPA in order to destroy the environment. She wouldn’t be a dick in every way, like Republican presidents and Congress people always are, no matter what they promise people. GW Bush got elected on a platform of “no nation building” before he invaded Iraq.

    The GOP Congress is being dicks, and Trump is joining them, as Bill Maher explains in this video from last Friday.

    https://www.youtube.com/watch?v=P2QXMGYluzo

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  2. john_galt

    you can add the Wall to the list…
    http://www.thegatewaypundit.com/2017/04/gop-leaders-drop-funding-border-wall-budget-paul-ryan-says-maybe-next-year/

    #WINNING…NOT

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    • john_galt

      and now NATO is no longer obsolete….
      Trump was playing 10D chess with his gullible voters (me included).

      • 2
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      • rigged game

        “10D Chess” is another name for telling so many STUPID
        lies that you can’t keep track of them.

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  3. soupbone

    I think the man rocks…good vibes at the moment.

    • 2
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  4. roundwego

    Deep state was too deep. Not enough qualified outsiders. Now it will eat itself as credit explodes.

    • 1
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  5. nemesis

    Welcome to the Uniparty- Hillbots rejoice? No?

    • 0
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    • mensch

      Self loathers are never truly happy

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    • frog

      Trump is not doing the things Hillary would have done. We should be so lucky that he would do that.

      Yes, self-loathing Trumpsters are indeed never happy. They voted for an obviously insane guy and now they are unhappy that he’s acting insanely and unpredictably.

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    • soupbone

      the uniparty coke and pepsi arguement has to be cast aside now.

      • 0
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  6. the dude

    Trump kept half his promise – he revealed a country that manipulates its currency.

    TLT – Trump Likes Treasuries. #long

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    • joyous__ending

      I like people that can make money no matter who is in charge.

      • 1
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    • anjingbauwau

      Trump is going to be the BFF of commodities and tangible assets

      • 0
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  7. ahadbi

    pretty sure he is pretending to want the opposite of what he really wants.

    • 0
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    • frog

      He’s a narcissist. All he wants is for everyone to admire him and to please him. He doesn’t care whether there is war or peace, or whether the economy gets better or worse, or whether the swamp is drained, or whether he and his staff ARE the swamp, or anything else.

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  8. it is showtime

    This is not for the reader class
    This is for the central bank class

    DRV+4% BIS+12% TZA+6% TECS+3% EWV+2% FAZ+17% EPV -1% SDOW -1%

    The objective to knockout all and every short whatsoever from contention and defiance
    Of beating the game
    And I am

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  9. MSGT HARTMAN

    APR 12:
    An estimated 4,000 Somali migrants in the U.S. are expected to be deported by President Donald Trump’s Immigration and Customs Enforcement (ICE) agency.

    In a recent east coast operation, ICE arrested 82 criminal illegal immigrants, including two criminal aliens who were suspected of being MS-13 gang members, with ties to the El Salvadorian organization.

    • 0
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  10. frog

    What Sean Spicer’s Hitler gaffe reveals

    (Basically that his job is impossible and that there is no way to do it right.)

    http://theweek.com/articles/691787/what-sean-spicers-hitler-gaffe-reveals

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    • MSGT HARTMAN

      APR 12,
      U.S. Education Secretary Betsy DeVos is withdrawing protections put in place by former President Barack Obama for students who have mismanaged or are defaulting on their college loans.

      • 0
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    • stockslueth

      I see a guy who is way over his head to handle this job.

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  11. mushroomz

    The market is like “sure we’ll give you a weaker dollar”

    And the stock market will go down with the dollar and rates. No need to get flustered, just make a LIST OF STOCKS(extra caps) that you want to buy, because they are about to get cheaper.

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  12. bushwacker2

    Looks like we may get some kind of a test lower with a possible shakeout of the weak hands, as we go into earnings, assuming results are mixed. In the words of William Wallace, “hold!…hold!…HOLD!!!”

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  13. og

    How long before Bannon gets pushed out?

    • 1
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    • frog

      Let’s hope it’s soon. The guy makes Trump look sane by comparison.

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