Oil is on the verge of spilling over and soiling markets, quite horrible. At the same time, crypto-fags are running absolutely rampant, naked even, throughout the streets. It’s a fucking zoo out there, believe me. What is BTC up another 7% tonight? That fucker is clearing its way towards 9,000. I can almost guarantee BTC will be hitting record highs soon. My pick is ELF coin.
On the matter of GDP, according to JP Morgan, it’s going to be milquetoast.
J.P. Morgan economists slash their outlook for second-quarter growth to just 1% from a previous 2.25%.
The economists also change their view that the Fed’s next move was an interest rate hike, and now believe it has an equal chance of cutting or raising rates.
The two threats to U.S. growth are global economic developments and the uncertainty of the trade war impacting business sentiment and activity.
Markets aren’t pricing in 1% GDP growth. We’ll need stocks to drop 20% from present values to accommodate such shit-tiered growth.
I just got back from a long day at Duke Farms — where I bicycled and suffered, immeasurably, under the pollen and the flowers seeping into my skin. I could barely breathe after an hour or so, but I’m stronger for it. I had a cheeseburger sandwich and now sitting down about to drink a large fucking mug filled with coffee.
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