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
19,783 Blog Posts

Markets Set to Soar Again, Economy on Fire — Fed Priced in For 3 Rate Cuts Before Year End

What the fuck is going on here? How is it that markets are more or less at all time highs, unemployment is at record lows — yet the fuckers at the Fed are going to cut rates THREE TIMES before 2020? This is now being priced in. I want you, the unwashed reader class pleb, to explain that to me.

In other news, CRM is buying DATA in an all stock deal. What else would they use — cash? Pffffff. This should light a fire under SAAS stocks. Since I bought on on Friday, I am pleased.

On the heels of Google buying analytics startup Looker last week for $2.6 billion, Salesforce today announced a huge piece of news in a bid to step up its own work in data visualization and (more generally) tools to help enterprises make sense of the sea of data that they use and amass: Salesforce is buying Tableau for $15.7 billion in an all-stock deal.

The latter is publicly traded and this deal will involve shares of Tableau Class A and Class B common stock getting exchanged for 1.103 shares of Salesforce common stock, the company said, and so the $15.7 billion figure is the enterprise value of the transaction, based on the average price of Salesforce’s shares as of June 7, 2019.

And then we have a litany of Trump tweets to not discuss. I’m tired and bored of the same routine. We should simply expect to be surprised at all times.

Oh, and Justin Bieber challenged Tom Cruise to an MMA styled fight on Twitter.

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5 comments

  1. flea

    We should be surprised? I’m not.

    Good news: stawks go up.
    Bad news: stawks go up.

    Saving? Never.

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  2. ericbakerbruce

    Bieber takes him out in Round 1

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  3. metalleg

    I’ve never heard the term MMT until recently.
    Maybe I’ve been living under a rock but it seems to me that the Fed creates terms that the mass media uses to brainwash the public into thinking they are an acceptable strategy.

    Money printing is coming so they push MMT out and get talking heads on the TeeVee backing it up as the correct strategy to deal with the economic and monetary issues we face. And idiots who know no better lap it up.

    The term QE is another one because it sounds better than Debt Monetization.

    The Fed has a 2% inflation target so that must mean a little bit of inflation is a good thing. Why should my labor be devalued over time? It’s not a devaluation of labor, it’s an official Federal target…it must be good!

    Now that MMT is all the rage, they are setting up for more aggressive money printing but we can’t call it MP (money printing).

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