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

Inflation Fears Are Utterly Stupid

America is largely a poor country with morons who’ve made some money in their DOGECOIN investments who are in the process of spending it all on luxury items, which will once again consolidate wealth amidst the upper classes and relegate morons back into their housing tenements to sell their Fendi shit on $EBAY at a later date.

We are blessed to have air conditioning and wide open highways to drive fast. Other than that, you’re on your own fucked face. If you choose to spend your money like a misfit fucking moron — that’s on you.

As markets CRESCENDO lower, just know it wipes out the pleb first. The people with money do not concern themselves with the shit stocks you operate in.

Into the latter parts of the day, I called it quits and moved to 100% cash before grabbing an overnight position in FAS, 5% weighting.

Yes, markets looks dreadful and it’s easy to get swept up in the emotions of tumult. But we’ve done this before and I am not worried. Markets ebb and flow, snicker suckers into errant VIX trades during periods of dislocation. Then out of nowhere, BAM! +900 points into your fucking lead head — bullet thru the eye socket.

The inflation narrative is transitory. I mean that seriously. The money doled out will come right back into the system and cause a mass Exodus from inflation hedging trades. The time frame is 3mos. In the meantime, we will trade and sometimes we will trade poorly. You only feeeeel bad when you hold onto those dogs. Let them loose and start anew.

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4 comments

  1. teslawasright

    Time for a Busch beer

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  2. tjnyt

    Why worry about inflation, WS black hole will suck all excess liquidity, burning a hole in your pocket, if you haven’t splurged already.

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  3. purdy

    There is huge inflation for the not-already-asset-rich. They have to either go full Volker to get things under control …or let in run into whatever reset the sociopathic, blood-soaked whores are planning.

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  4. bob smith

    Let’s see if I have this straight…

    A bunch of pre-teens made gazillions on Dogecoin, cashed out and plowed their winnings into lumber futures.

    Yeah, ok.

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